The company's F1 team confirmed the death of Red Bull owner and co- founder. The man was 78.
The cause of death was not immediately known.
The Austrian billionaire gained fame as the public face of Red Bull, an Austrian-Thai conglomerate that says it sold nearly 10 billion cans of its caffeine and taurine-based drink.
At an early age, Red Bull was brought into the sporting world, where it has enjoyed success across multiple disciplines.
In Formula One, it has been done.
Max Verstappen won the drivers' title at the Japanese Grand Prix, becoming the most recent Red Bull winner.
At the U.S. Grand Prix on Sunday, the team can win its fifth title.
He called him a "towering figure in motor sport.''
He said that the thoughts of the family were with his family at this time.
The Minardi and Jaguar F1 teams were purchased by Red Bull in 2005. The company's junior team, which operates out of Italy, is now known as Alpha Tauri.
The Austrian Grand Prix is hosted by the Red Bull Ring, which was purchased by him.
The Red Bull driver academy has produced two world champions, Verstappen and Sebastian Vettel, as well as grand prix race winners in Daniel Ricciardo, Carlos Sainz and Pierre Gasly.
The Red Bull F1 boss said Saturday that they had learned of the death of Dietrich. "He was a remarkable man, what he has done for so many, not just in Formula One but in the Red Bull business and the Red Bull world across all the sporting platforms."
He was an inspiration to a lot of people. He has two teams in the Formula One pit lane because of his passion for the sport. He was always supportive on the good days.
"So many owe him so much and I feel privileged to have known him and I think for the entire team now, despite the shock, we are going to do exactly what he would have wanted, which is to go out there and with his cars do the very best that we can and It's important that we acknowledge everything he has done for the sport, but not just the sport.
Red Bull Salzburg is a soccer team in Austria that is owned by the company.
In Germany, it bought fifth-tier club Markranstadt in 2009, renamed it, and financed its steady progress through the league system until it was promoted to the top flight. German league regulations prevent the company from naming the team Red Bull Leipzig, but the club just refers to itself asRB Leipzig.
Hundreds of athletes have contracts with Red Bull.
Red Bull has two hockey teams and a team in the video game.
The company was founded in 1984 after Chaleo saw the potential in marketing Krating Daeng for a western audience. Red Bull says that it took three years for the formula to be created before it was launched.
Red Bull quickly increased its market share, first in Europe, then in the U.S., thanks to marketing campaigns that promoted the drink's claimed stimulating properties and extensive sponsorship agreements in the music industry.
The AP information was used.
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