Monday 19 February 2018

Aristocrat behind Stones dies at 80

The Rolling Stones
The Rolling Stones

Nick Collins

The Bavarian aristocrat whose financial wizardry helped to turn the Rolling Stones into multimillionaires has died aged 80.

During almost four decades of handling the band's affairs, Prince Rupert zu Loewenstein, the head of a small London merchant bank, helped Mick Jagger alone amass a fortune estimated at £200m (€250m).

Prince Rupert's neat suits and distaste for rock’n’roll made him an unlikely member of the band’s entourage, but he quickly struck up a friendship with Jagger, and went on to become godfather to his son James.

Notoriously, his advice in the early 1970s prompted the band to abandon the UK for the south of France, making them Britain's first musical tax exiles.

His influence helped convince Jagger to continue touring throughout the 1980s and 1990s when relationships within the group were cooling.

Prince Rupert, the son of Prince Leopold of the royal house of Wittelsbach, said last year: “To many outsiders it must seem extraordinary that I was never a fan of the Stones' music.

“Yet I feel that precisely because I was not a fan, I was able to view the band and what they produced calmly, dispassionately, maybe even clinically.” (© Daily Telegraph, London)

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