Dietrich Mateschitz, billionaire founder of Red Bull and owner of Formula 1 team, dead at 78
CBSN
The co-founder of Red Bull, Dietrich Mateschitz, has died at age 78, Formula 1 confirmed on Saturday. Mateschitz, an Austrian billionaire, also owned a Formula 1 (F1) racing team, branded as the Red Bull team, since 2005.
With Red Bull, "inspired by functional drinks from East Asia," Mateschitz and co-founder Chaleo Yoovidhya developed a "completely new product category" — energy drinks — in the mid 1980s, according to the company's website. They sold their first can in 1987.
Mateschitz's net worth was estimated to be $27.4 billion by Forbes in 2022. Last year, the company sold 9.8 billion cans worldwide — enough to provide caffeine to more than 80% of the planet, according to Forbes.
One of South Africa's most notorious apartheid police commanders testified on Monday at an inquiry into the killing of four activists in 1985 as part of the country's renewed focus on atrocities committed by security forces during decades of forced racial segregation that went unpunished. In:
Secretary of State Marco Rubio is expected to testify in federal court Tuesday in the ongoing criminal trial of former Florida Congressman David Rivera, who is accused of secretly lobbying for the Venezuelan government during the first Trump administration.
A U.S. Park Police officer was seriously wounded Monday evening in a shooting in Washington, law enforcement officials said.
A large explosion at a Valero oil refinery near the Texas Gulf coast Monday shot plumes of smoke into the air and forced some nearby residents to shelter in place. In:
The Defense Department said Monday it will remove media outlets' office spaces from the Pentagon after a federal judge sided with The New York Times in a lawsuit challenging limits on reporters' access to the building. In:
Washington — The Senate confirmed Markwayne Mullin as secretary of the Department of Homeland Security on Monday, finalizing President Trump's shakeup of DHS following months of scrutiny of Kristi Noem's leadership.
A civil jury in California found Monday that Bill Cosby was liable for drugging and sexually assaulting a woman in 1972 and awarded her $19.25 million. In:
With nearly 40% of TSA employees at George Bush Intercontinental Airport calling out as the partial government shutdown drags into a sixth week, Houston has a problem. In:
House Republicans announced Monday that Congress will mount an investigation into "rampant hospice fraud," alleging that potentially tens of millions in taxpayer funds may have been lost in improper payments to Southern California companies. In:
Polymarket is moving to quash insider trading as prediction markets face scrutiny over whether some users draw on classified or other closely held information to gain an edge in betting on events. Edited by Alain Sherter In:
Washington — Senate talks aimed at ending the 38-day shutdown of the Department of Homeland Security hit a new roadblock on Monday after President Trump called on Republicans to hold out for passage of an elections bill that Democrats strongly oppose. Nikole Killion contributed to this report.
Pope Leo XIV put the Rev. Edward Joseph Flanagan a step closer to possible sainthood Monday as he proclaimed the "heroic virtues" of the founder of Boys Town, a Nebraska home for at-risk youths that gained national renown and inspired an Oscar-winning biopic performance. In:
Washington — Amid Trump administration demands for Tehran to keep the free flow of commerce in the Strait of Hormuz, U.S. officials have told CBS News that there are at least a dozen underwater mines through the vital passageway, according to current American intelligence assessments. Arden Farhi, Kathryn Watson, Caroline Linton, Aimee Picchi and Layla Ferris contributed to this report.