2023-05-10 12:14:00
Mark Mateschitz has now officially inherited the private company “Distribution & Marketing GmbH”. The equity is said to be around five billion euros – not including the market value of the 49 percent stake in Red Bull.
After the death of Red Bull boss Dietrich Mateschitz last fall, the inheritance has now been legally settled. The district court of Salzburg passed the inheritance to his son Mark by decision of March 27, 2023. On April 12, Mark was then appointed in the company register as the sole shareholder of “Distribution & Marketing GmbH” (D&M) – Mateschitz’ private company.
In a recent report, the magazine “Dossier” described this company as the “piggy bank” of the Red Bull boss. Not only is the 49 percent stake in Red Bull GmbH held there, but also assets worth billions. Already at the beginning of 2020, around EUR 860 million in the form of securities and EUR 356 million in cash were deposited in the D&M account. According to the D&M consolidated financial statements for 2021 dated June 15, 2022, the assets in shares, bonds, funds and other securities amount to 1.4 billion euros, plus 539 million euros in cash. In 2022, a few months before his death, Mateschitz had another 866 million euros paid out.
Rich group of companies
In total, since 2012 – up until then, the profits were immediately reinvested – Red Bull has paid out 6.1 billion euros in dividends, 3.36 billion euros went to D&M. Of this, Mateschitz recently took 25 and 65 million euros privately in 2020 and 2021. In any case, D&M developed into a rich group of companies that owns many properties, forests and water sources and employs more than 500 people. Your business according to the consolidated financial statements: “Motorsport and gastronomy, production and sale of beverages, exercise of the master builder’s trade and management of agricultural and forestry operations.” According to the magazine, the equity of the Mateschitz private company should now be around 5 billion euros.
The market value of the 49 percent in Red Bull is not included. Dossier compared this with other large energy drink companies: According to the financial analysis company Morningstar, the listed US competitor “Monster Beverages” is valued at nine times the annual sales on average. According to this calculation, Red Bull (sales in 2022: 9.68 billion euros) would be worth around 88 billion euros, and D&M’s share around 43 billion euros.
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