Latest news with #Yoovidhya
The Sun
09-07-2025
- Automotive
- The Sun
Christian Horner's fate may have been sealed after ‘cold' interaction with Red Bull owners at Austrian Grand Prix
CHRISTIAN HORNER'S fate my have been sealed after a frosty interaction with Red Bull's owners in Austria, reports claim. Horner was sensationally SACKED by Red Bull with immediate effect after 20 years as team principal on Wednesday. 6 6 Horner has faced a turbulent 18 months on and off the track, after the sexting scandal over inappropriate behaviour towards a female colleague leaked in March 2024. The Brit, 51, has had several rows with Jos Verstappen, father of star driver Max, since the fallout, with several high-profile figures quitting the team, including legendary chief designer Adrian Newey. Reports of hostility among Red Bull's team have continued to grow even after Horner was cleared of any wrongdoing by an internal investigation. And there has been reports of a growing rift between Horner and Red Bull's Thai owners, who chose not to sack him after the scandal broke. F1 journalist Joal Lischika reported seeing the owners greet Horner "coldly" in the hospitality unit at the Austria Grand Prix weekend in June. The Yoovidhya family, through Chalerm Yoovidhya, holds the majority 51 per cent stake, while the late Dietrich Mateschitz's son, Mark Mateschitz, inherited his 49 per cent share. To make matters worse Red Bull suffered its worst home race result in recent history, with Max Verstappen crashing out after three laps after being hit by Mercedes No2 Kimi Antontelli. Meanwhile, Yuki Tsunoda had a particularly difficult time, being lapped twice on his way to finish dead-last of those who crossed the chequered flag. 6 6 Four-time world champion Verstappen, 27, qualified down in seventh, while Tsunoda finished qualifying in P18. Despite reports, Horner and the majority owners put on a show of unity as they posed for pictures in the paddock in Austria on June 29. But according to Lischika, there was apparently a growing feeling that Horner simply held too much power, after taking charge of operations during Red Bull's inception in 2005. Red Bull's Christian Horner gives low down on car before F1 season kicks off with Australian Grand Prix Horner, married to Spice Girl Geri Haliwell, was chairman of Red Bull Racing, Red Bull Technology, Red Bull Power Trains, and marketing. The owners have since appointed Laurent Mekies as the new CEO of Red Bull Racing, stepping up from the Racing Bulls team. Horner reportedly had another row with Jos at Silverstone on Sunday, according to former F1 driver Ralf Schumacher. Schumacher told the Boxengasse-podcast: "There was another argument or a heated exchange, at least visually and verbally between Jos, Christian Horner, and the press officer. "You could see that Jos was anything but happy with the situation". 6 It comes after a series of rows between Verstappen Snr and Horner, with the Dutchman repeatedly calling for Horner's dismissal after the sexting scandal broke hours before the Bahrain race in 2024. Horner's wife Geri was reportedly devastated by the scandal, but stood by her husband in showing signs of solidarity at key races. In total, Horner won EIGHT drivers' championships and six constructors' titles. For the first time ever, a new team principal, Mekies, will lead Red Bull at the Belgian Grand Prix on July 27 after a three week break. 6
Mint
06-07-2025
- Business
- Mint
$44.5 Billion! Founding family of this energy drink empire now rules Thailand's rich list
Red Bull co-owner Chalerm Yoovidhya has emerged as the richest individual of Thailand this year with a net worth of $44.5 billion. This staggering growth is fueled by a surge in Red Bull's global sales, earning a revenue of $12.9 billion as the company sold almost 13 billion cans of the energy drink worldwide. A collective wealth of Thailand's 50 richest families have soared by more than 11% to a combined $170.5 billion, propelled by the gains of the top three entrants of the list which includes Yoovidhya family, Forbes reported. The wealth of the Yoovidhya family experienced a $8.5 billion increase from the previous year, solidifying their dominant position in Thailand's wealth rankings for the second year running. This 24% increase in wealth was directly fueled by Red Bull's performance in the global market. Last year alone, Red bull generated $12.9 billion in revenue, driven by the sales of nearly 13 billion cans of Red Bull worldwide. Red Bull's legacy can be traced back to Thailand, where Chaleo Yoovidhya, a chemist by profession developed an energy-boosting drink called Krating Daeng in the 1970s. The beverage quickly became popular among laborers and truck drivers in Thailand due to its ability to provide instant energy. However, the marketing of the drink to the global market is said to be done by Dietrich Mateschitz, an Austrian businessman who, while traveling in Thailand, discovered the drink and found that it helped him overcome jet lag. The Yoovidhya family holds a majority stake of 51% in Red Bull, whereas a small portion is personally owned by Chalerm Yoovidhya, the eldest son of late co-founder Chaleo Yoovidhya who is currently leading the brand. Following the Yoovidhya family, the Chearavanont brothers saw their net worth increase by 23% to $35.7 billion, securing second position in the list. Among others in the list were the energy and telecoms tycoon Sarath Ratanavadi, who climbed to third place from fifth, with a net worth of $12 billion, a 30% increase from the year before.
The Independent
22-04-2025
- The Independent
Former Thai prosecutors sentenced to prison for alleged cover-up of Red Bull heir's deadly crash
A Thai court convicted and sentenced on Tuesday two former prosecutors in connection with an alleged cover-up of a 2012 Ferrari crash involving an heir to the Red Bull energy drink fortune that killed a police officer. Former Deputy Attorney General Nate Naksuk and former prosecutor Chainarong Sangthongaram were sentenced to three and two years, respectively, for abuse of power to help an individual avoid prosecution, said the Central Criminal Court for Corruption and Misconduct Cases in Bangkok. They were among eight people charged with conspiring to alter the recorded speed of the Ferrari driven by Vorayuth 'Boss' Yoovidhya to help him evade a speeding charge. The rest, including former Police Chief Gen. Somyot Poompanmoung, were acquitted due to a lack of evidence linking them to the cover-up, the court said on Tuesday. However, the court ordered all eight to be detained pending an appeal, according to the court statement, which didn't provide further details. They were later released on bail, local media reported. Vorayuth escaped justice by fleeing abroad in a case widely viewed as an example of how the rich and well-connected enjoy impunity in Thailand. He is the grandson of the late Chaleo Yoovidhya, one of the creators of the globally famous Red Bull brand. Forbes magazine last year listed the Yoovidhya family as Thailand's richest with an estimated net worth of $36 billion. Police have said Vorayuth smashed his Ferrari into the back of a police officer's motorbike around dawn on a major Bangkok road in September 2012. The officer was flung from the bike and died at the scene. Vorayuth drove home and was later arrested. Medical tests showed traces of alcohol and cocaine in his bloodstream, according to police. Vorayuth avoided further legal action by consistently failing to meet with prosecutors, while continuing for years to live a jet-set life. By the time prosecutors finally issued an arrest warrant in April 2017, Vorayuth had fled abroad. His case has been marked by numerous delays in the investigative and judicial processes, running down the clock on most of the charges involving the hit-and-run death of the officer. There is a single charge left of reckless driving causing death, which expires under the statute of limitations in 2027.
Associated Press
22-04-2025
- Associated Press
Former Thai prosecutors sentenced to prison for alleged cover-up of Red Bull heir's deadly crash
BANGKOK (AP) — A Thai court convicted and sentenced on Tuesday two former prosecutors in connection with an alleged cover-up of a 2012 Ferrari crash involving an heir to the Red Bull energy drink fortune that killed a police officer. Former Deputy Attorney General Nate Naksuk and former prosecutor Chainarong Sangthongaram were sentenced to three and two years, respectively, for abuse of power to help an individual avoid prosecution, said the Central Criminal Court for Corruption and Misconduct Cases in Bangkok. They were among eight people charged with conspiring to alter the recorded speed of the Ferrari driven by Vorayuth 'Boss' Yoovidhya to help him evade a speeding charge. The rest, including former Police Chief Gen. Somyot Poompanmoung, were acquitted due to a lack of evidence linking them to the cover-up, the court said on Tuesday. However, the court ordered all eight to be detained pending an appeal, according to the court statement, which didn't provide further details. They were later released on bail, local media reported. Vorayuth escaped justice by fleeing abroad in a case widely viewed as an example of how the rich and well-connected enjoy impunity in Thailand. He is the grandson of the late Chaleo Yoovidhya, one of the creators of the globally famous Red Bull brand. Forbes magazine last year listed the Yoovidhya family as Thailand's richest with an estimated net worth of $36 billion. Police have said Vorayuth smashed his Ferrari into the back of a police officer's motorbike around dawn on a major Bangkok road in September 2012. The officer was flung from the bike and died at the scene. Vorayuth drove home and was later arrested. Medical tests showed traces of alcohol and cocaine in his bloodstream, according to police. Vorayuth avoided further legal action by consistently failing to meet with prosecutors, while continuing for years to live a jet-set life. By the time prosecutors finally issued an arrest warrant in April 2017, Vorayuth had fled abroad. His case has been marked by numerous delays in the investigative and judicial processes, running down the clock on most of the charges involving the hit-and-run death of the officer. There is a single charge left of reckless driving causing death, which expires under the statute of limitations in 2027.
