CURRENT AFFAIRS

Detailed explanation-1: -Red Bull co-founder Dietrich Mateschitz, who also played an instrumental role in the development of Formula One racing, has died at the age of 78, the company announced on Saturday. Mateschitz co-founded Red Bull gmbH with Chaleo Yoovidhya in 1987.

Detailed explanation-2: -Dec 24 (Reuters) - Former Formula One driver Philippe Streiff has died at the age of 67, F1 chief executive Stefano Domenicali said in a statement on Saturday.

Detailed explanation-3: -AUSTIN, Texas - Austrian billionaire Dietrich Mateschitz, the co-founder of energy drink company Red Bull and founder and owner of the Red Bull Formula One racing team, has died. He was 78. Officials with the Red Bull racing team at the United States Grand Prix in Austin, Texas, announced Mateschitz’s death Saturday.

Detailed explanation-4: -Mateschitz owned 49 percent of Red Bull. Chaleo Yoovidhya owned the other 51 percent. They formed Red Bull together in 1987. Yoovidhya died in 2012 and his son, Chalerm, now has the 51 percent stake in Red Bull.

Detailed explanation-5: -Dietrich Markwart Eberhart Mateschitz (German: [ˈdiːtʁɪç ˈmatˌʃɪt͡s]; 20 May 1944 – 22 October 2022) was an Austrian billionaire businessman. He was the co-founder and 49% owner of Red Bull GmbH. In April 2022, Mateschitz’s net worth was estimated at US$27.4 billion.