What does Oracle have to do with Red Bull Racing?
In addition to using Oracle Cloud to strengthen its race strategy in the 2025 F1 season, Oracle Red Bull Racing will also use Oracle technology to: Unlock generative AI-powered insights: In a groundbreaking pilot, Oracle is helping Oracle Red Bull Racing bring GenAI to the pit wall. Red Bull Racing’s title sponsor is Oracle, a multinational technology company from the United States. The company became the team’s title sponsor in the 2022 season, and has held that position ever since.
How much does Oracle pay for Red Bull?
According to the website, Oracle has to approve any sponsor of Red Bull. That is part of the deal, which is reportedly worth $300 million over five years. Oracle and Red Bull Racing did not respond to repeated requests from The Verge for comment. Perplexity also declined to comment. Red Bull Racing, currently competing as Oracle Red Bull Racing and also known simply as Red Bull or RBR, is a Formula One racing team, competing under an Austrian racing licence and based in England. It is one of two Formula One teams owned by conglomerate Red Bull GmbH, the other being Racing Bulls.
Who owns 51% of Red Bull Racing?
Johnny Snyder The Yoovidhya family, through TC Agro Trading Company Ltd. Red Bull GmbH. The remaining 49% is held by Mark Mateschitz, son of the late Co-founder Dietrich Mateschitz. Chalerm Yoovidhya (born 1950) is a Thai billionaire businessman and co-owner of Red Bull GmbH. As of 2024, Forbes estimates his family’s net worth at US$36 billion, making them the wealthiest in Thailand.Johnny Snyder The Yoovidhya family, through TC Agro Trading Company Ltd. Red Bull GmbH. The remaining 49% is held by Mark Mateschitz, son of the late Co-founder Dietrich Mateschitz.Mark Mateschitz is the only child of the late Austrian billionaire Dietrich Mateschitz, who cofounded energy drink firm Red Bull in 1987.
How much is the Red Bull family worth?
The Yoovidhya family, now worth an astounding $44. Thailand’s wealthiest dynasty but a masterclass in transforming a local product into a global phenomenon. Chalerm Yoovidhya heads a sprawling clan that co-owns Red Bull, the iconic energy drink, which sold more than 12 billion cans worldwide in 2024. The family’s 51% holding includes a small stake owned personally by Chalerm, eldest son of Red Bull cofounder, the late Chaleo.The net worth of Chalerm Yoovidhya and his family rose 24% this year to $44. Red Bull enjoyed another good year.