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production field, Camillo saw the birth of aviation as an industry, going from a ballooning hobby, to makeshift glider craft requiring tires, to fully operational aircraft operated by engines. He met many influential men in his business, and came to realize that aviation sparked not only his passion for flight, but also recognized the tremendous financial opportunity of aviation's potential as an industry.
208:, in 1907. Being a pure commercial firm – it acquired the Etrich balloon patents and sold balloon fliers in Austria Hungary. There were many contests that these inspired balloon drivers entered, and Camillo was no different- he bought his own balloon and successfully took his balloon driver examination on 24 August 1909.
300:
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.
366:, of which Castiglioni had been president, collapsed. A warrant for his arrest on a charge of fraud was issued, but Castiglioni had taken care to be in Italy when the crash came. The Austrian State said that if he deposited $ 4,200,000 ($ 74,670,291 in present-day value), he could return unmolested.
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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 SĂĽddeutsche Bremse AG. Castiglioni in turn renamed the
200:
Around 1901, along with Viktor
Silberer and Franz Hinterstoissera Camillo helped to create the Viennese aero club (later Austrian aero club). He eventually was made deputy director, then in 1904 he was appointed to general director of the company. Through his experience in the rubber and tire
31:
197:. Camillo found great success in this position, demonstrating his abilities to negotiate and structure financial deals. In fact, Camillo was so successful, he was promoted to director of the export department of the parent company in Vienna.
294:
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
178:. It is not known when Camillo developed his interest in aviation, but it is known that he was passionate about flying. Camillo's education was primarily law, gaining employment as an attorney and legal officer of a bank in
378:. He was the richest man in Central Europe and much beloved by the Viennese whom he assisted financially on Sundays and odd occasions. He was also a patron of the arts and for some time supported the famed producer
382:, for whom he built a theater. So fond was he of appearing in the public limelight that he lived with all the pomp and ceremony of royalty, even traveling in the Kaiser Karl's private parlor car, which he bought.
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His was one of the voices that urged BMW in 1928 to purchase the
Eisenach Automobilwerke. Due to financial difficulties in 1929 he was obliged to surrender his holding of BMW shares to a consortium of banks
204:
In order to draw from the arising enthusiasm for airplanes and ballooning, as well as to take advantage of the lucrative business the hobby generated, Camillo established one of his first companies,
319:
A consortium led by the
Deutsche Bank and the Diskonto-Gesellschaft purchased the BMW shares previously held by Camillo Castiglioni, who was facing problems of liquidity.
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263:. When Tito refused to pay his commission, Castiglioni succeeded in getting Yugoslavian assets in Italy worth millions sequestered. In 1916, he was awarded the
359:, bought immense amounts of francs, causing the franc to rise again, to 15 franc per dollar. Castiglioni, Mannheimer and their partners lost millions.
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where he set up a private bank and once again amassed a considerable fortune. After the Second World War, negotiated a large US loan for his friend
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138:(22 October 1879 – 18 December 1957) was an Italian-Austrian Jewish financier and banker, and was the wealthiest man in Central Europe during
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hundreds of millions of franc, eventually causing the franc to drop almost 40% in less than a month. By the beginning of March 1924, one
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The first major investor in the series production of aircraft. In 1914, he purchased the German aircraft company
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During the First World War, he became one of the richest and most influential financiers in
Central Europe.
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Because of his famous banking activities, his life was documented in a 1988 movie on television titled
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Castiglioni became rich in ventures during the period of inflation, acquiring a majority interest in
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in its early years; wealthiest man in
Central Europe; owned over 170 companies; passionate about
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He was the son of a rubber maker, so naturally
Camillo found work with the Austro-American
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Castiglioni built up a large art collection and a theatre in
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as an agent for the
Kaufmann automobile tire division in
439:"Morgan Syndicate Lends $ 100,000,000 To Bank of France"
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as its chief designer. Acquired a majority holding in
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for his achievements in the war material production.
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was worth 28 francs. Then, however, investment bank
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271:for his services to aviation and in 1918 with the
239:. Press "czar" and sponsor of the arts (financed
388:Camillo Castiglioni oder die Moral der Haifische
393:Camillo Castiglioni, or the morality of sharks
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509:Newspaper clippings about Camillo Castiglioni
327:In February 1924, Castiglioni partnered with
8:
174:, to the chief rabbi. His older brother was
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536:
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221:Hansa- und Brandenburgische Flugzeugwerke
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150:'s pioneering days and invested in the
1086:Austrian transportation businesspeople
284:Ă–sterreichische Luftfahrtsgesellschaft
459:"Austria Is Shaken by Big Bank Crash"
7:
14:
323:Failed speculation and bankruptcy
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362:In September 1924, the Austrian
282:. The Austrian aviation company
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243:and helped him to organize the
785:List of Rolls-Royce motor cars
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485:. 1924-10-06. Archived from
1066:Businesspeople from Trieste
513:20th Century Press Archives
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1081:Businesspeople from Vienna
969:History of BMW motorcycles
938:BMW Group Plant Dingolfing
862:BMW M1 Procar Championship
682:Divisions and subsidiaries
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419:Palais Miller von Aichholz
118:Critical contributions to
16:Italian-Austrian financier
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231:with its chief designers
206:Luftfahrzeug-Gesellschaft
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719:BMW in the United States
658:Otto Flugmaschinenfabrik
166:Castiglioni was born in
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867:Kumho BMW Championship
633:Automobilwerk Eisenach
269:Military Service Cross
142:. Nicknamed "Austrian
653:Husqvarna Motorcycles
357:J.P. Morgan & Co.
189:(rubber products) in
918:BMW Central Building
780:List of BMW vehicles
753:Spotlight Automotive
489:on October 26, 2008.
345:United States dollar
286:was founded by him.
146:", he was active in
96:Business and tax law
351:, on the behalf of
267:with ribbon on the
187:Gummiwarenfabrik AG
136:Camillo Castiglioni
23:Camillo Castiglioni
857:BMW in Formula One
504:BMW Group archives
463:The New York Times
444:The New York Times
265:Franz Joseph Order
212:Aviation financing
176:Arturo Castiglioni
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902:Turner Motorsport
852:BMW in motorsport
663:Rapp Motorenwerke
297:Wiener Bankverein
245:Salzburg Festival
223:, which employed
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465:. 1924-09-30.
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447:. 1924-03-13.
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799:Technologies
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487:the original
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68:(1957-12-18)
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1071:1879 births
954:BMW Art Car
821:Valvetronic
724:Designworks
668:Rover Group
600:Rolls-Royce
524:Castiglioni
333:devaluation
249:Switzerland
140:World War I
85:Nationality
1040:Categories
1004:The Escape
997:The Follow
928:BMW Museum
840:Motorsport
806:BMW Assist
699:BMW Mexico
638:BMW Marine
618:(inactive)
612:(inactive)
522:See also:
425:References
261:Yugoslavia
251:, then to
162:Early life
44:1879-10-22
979:Karl Rapp
911:Buildings
887:Team MTEK
764:Share Now
694:BMW India
105:Financier
93:Education
1025:Category
990:The Hire
933:BMW Welt
892:Team RLL
882:Team RBM
872:Team RMG
773:Vehicles
689:BMW Bank
673:Standard
403:See also
310:Disconto
148:aviation
126:and the
124:aviation
88:Austrian
984:VinFast
616:Triumph
515:of the
511:in the
341:shorted
339:. They
335:of the
316:etc.).
237:Porsche
168:Trieste
144:Stinnes
52:Trieste
847:Alpina
831:xDrive
816:iDrive
790:Zinoro
746:Zinoro
742:(75%)
605:Zinoro
477:"Gone"
376:Vienna
349:Lazard
191:Vienna
156:BMW AG
120:BMW AG
947:Other
826:VANOS
755:(50%)
610:Riley
583:BMW M
578:BMW i
253:Milan
180:Padua
78:Italy
759:Here
648:Glas
643:Dixi
595:Mini
482:Time
235:and
233:Puch
152:arts
128:arts
74:Rome
63:Died
38:Born
573:BMW
559:BMW
517:ZBW
259:in
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