Michael Kantakouzenos Şeytanoğlu

Michael Kantakouzenos, named Şeytanoğlu (Son of the Devil) by his enemies, and "the pillar" of the Greek nation by his adherents was a powerful Ottoman-Greek magnate noted for his immense wealth and political influence.

Michael claimed to be a descendent of the Byzantine imperial family which gave him the prestige in the society. He created his fortune in successful mercantile speculations turning then to lucrative Ottoman tax farming concessions in provinces. In his hands were also monopolies on the salt works of Anchialos, customs of Istanbuls, monopoly of the fur trade with Muscovy and others. Many of these concessions Michael has obtained thanks to close connections and support of prominent Ottoman statesmen like Grand Vizier, Sokollu Mehmed Pasha. After the Ottoman fleet was destroyed in the Battle of Lepanto (1571) he financed the construction of 60 galleys which was an extremely expensive venture. His palace in Anchialos where he lived allegedly rivaled with that of Sultan. He used his influence to control ecclesiastical affairs of the Greek Orthodox community (millet) and played an active role on the sale of church offices ranging from provincial episcopal sees to the Patriarchate of Constantinople. Power and wealth he possessed made him the object of envy and hostility. After the influence of his patron, Sokollu Mehmed Pasha declined, he became exposed to various intrigues. Accused of plotting against the Sultan, Michael was hanged from the gateway of his palace in Anchialos and his possessions were auctioned off.