Camillo Castiglioni

Wednesday 22nd October 1879

Born on this day, Camillo Castiglioni, Austrian financier and banker, and was the wealthiest man in Central Europe during WWI. He was active in aviation’s pioneering days and invested in the arts. Castiglioni significantly influenced the development of BMW AG in its early years. The granting of a license agreement by Austro-Daimler to the Rapp-Werke in 1917 was partly attributable to Castiglioni. 1918 At Castiglioni’s insistence the Wiener Bankverein (Vienna) acquired the majority of BMW’s share capital. 1922 Castiglioni purchased all the equipment relating to engine construction, the associated know-how and the rights to the name “Bayerische Motoren Werke AG” from the BMW AG, which was renamed Süddeutsche Bremse AG. Castiglioni in turn renamed the Bayerische Flugzeugwerke to BMW AG and allowed the renamed company to continue production at the BFW plant. From the establishment of BMW AG until November 9, 1922 and then from 1924 to 1929, he was a member of the Supervisory Board and President of BMW AG. 1928 Deputy Chairman of the Supervisory Board.

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