Thai billionaire who invents energy drink "Red Bull" dies at 90

BANGKOK. March 17. KAZINFORM Chaleo Yoovidhya, whose invention of energy drink Red Bull created a global sensation and made him one of Thailand's richest men, died on Saturday at the age of 90, Xinhua said.

Chaleo passed away due to natural causes at Chulalongkorn Hospital in Bangkok, according to the Bangkok Post online report.

Chaleo founded T.C. Pharmaceuticals, which developed the energy drink "Krating Daeng" in Thai, meaning "red bull", in the 1970s. The product became highly popular among local truck drivers and laborers needing a pick-up.

Austrian entrepreneur Dietrich Mateschitz discovered the drink while on a sales trip to Asia in 1984. He talked with Chaleo and his son Chalerm about marketing the drink worldwide with a new brand Red Bull.

The Yoovidhya family owns 51 percent of the joint venture and Mateschitz 49 percent.