Red Bull tycoon Chaleo dies
- Published: 17 Mar 2012 at 13.12
- Online news: Local News
Chaleo Yoovidhya, whose local energy drink became the global sensation Red Bull and made him one of Thailand's richest men, died on Saturday at age 80.
Chaleo passed away of natural causes at Chulalongkorn Hospital, reports said.Born in 1932 to a Chinese migrant family in Phichit, Chaleo in 1962 founded T.C. Pharmaceuticals, which developed the energy drink Krathing Daeng in the 1970s. The product became highly popular among local truck drivers and labourers needing a pick-me-up.Austrian entrepreneur Dietrich Mateschitz, who was working for a European consumer goods company, discovered Krating Daeng while on a sales trip to Asia in 1982. He later approached Chaleo and his son Chalerm about marketing the drink worldwide by forming a new business, which became Red Bull in 1984.Today Red Bull is...
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