he became one of the richest and most influential financiers in Central Europe. The first major investor in the series production of aircraft. In 1914, he purchased the German aircraft company Hansa- und Brandenburgische Flugzeugwerke, which employed Ernst Heinkel as its chief designer. Acquired a majority holding in Austro-Daimler with its chief designers Puch and Porsche. Press "czar" and sponsor of the arts (financed Max Reinhardt and helped him to organize the Salzburg Festival). After a series of setbacks, his financial empire broke up in 1926. He retired to Switzerland, then to Milan 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 Josip Broz Tito in Yugoslavia. When Tito refused to pay his commission, Castiglioni succeeded in getting Yugoslavian assets in Italy worth millions sequestered. In 1916, he was awarded the Franz Joseph Order with ribbon on the Military Service Cross for his services to aviation and in 1918 with the St-Georges Order for his achievements in the war material production. Castiglioni became rich in ventures during the period of inflation, acquiring a majority interest in Alpine Montan AG. The Austrian aviation company Österreichische Luftfahrtsgesellschaft was founded by him. BMW influence 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 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. 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 (Deutsche Bank, Disconto, Bankhaus Hagen etc.). A consortium led by the Deutsche Bank and the Diskonto-Gesellschaft purchased the BMW