Red Bull heir Mark Mateschitz received a €582 million ($615 million) dividend as his first payment since inheriting the energy-drink empire from his late father last year.
The company, based in the Austrian town of Fuschl am See, distributed half of last year’s €1.56 billion profit among its shareholders, according to a shareholder resolution published in the country’s corporate registry. Mateschitz owns 49% via his holding company, making him eligible for a €383 million handout. The Yoovidhya family in Thailand holds the remaining 51%.
Europe’s richest millennial received an additional €199 million on top of the pro-rata distribution following a years-long tradition of making an extra payment to the company’s Austrian owner.
Read the full story on Bloomberg here.