State media in Thailand say the self-made Thai billionaire who created the renowned Red Bull energy drink three decades ago has died. He was 89.
Thai state television broadcaster MCOT says that Chaleo Yoovidhya died of natural causes on Saturday. It cited an executive at the Thai Beverage Industry Association.
Chaleo founded T.C. Pharmaceuticals. In the 1970s, it formulated an energy drink prototype called Krathing Daeng, or Red Bull in English. It was popular among Thai truck drivers and laborers.
Chaleo then co-founded a company in 1984 with an Austrian partner who helped turn Red Bull into a global brand.
Forbes magazine has ranked Chaleo among the richest men in the world. His assets are estimated to be worth several billion dollars.
Ann Coulter - Small But Honest Columnist Again Forced to Correct Highest-Rated Show on Cable TV
Lawrence Meyers - Then, the CFPB Came for World Acceptance Corporation
Donald Trump Is Not a Racist. Don't Go Back to 2005, Republicans. | RedState
Boehner reportedly tells Colorado donors: Ted Cruz is a “jackass” - Hot Air
Boom! Obama gets devastating reminder after blasting New Orleans' longtime 'structural inequality'
Saudi Arabia: The World’s Greatest Hypocrite | Human Events
Vox "Smart Take" Pushes Gun Confiscation. Here's What Would Happen If They Tried. - Bearing Arms - 2nd Amendment, Gun Confiscation