eli5: Where does Redbull gets all this money to make an f1 Team and sponsor many more Events?

Question

eli5: Where does Redbull gets all this money to make an f1 Team and sponsor many more Events?

In: Economics

Answer 1

The soft drink industry is worth hundreds of billions of dollars. Red bull is part of that industry and makes billions by selling cans of soda for $3 each. They make even more money by using those earning to advertise their product to more consumers. Those advertisements include sponsoring events.