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Rolling Stones manager Prince Rupert Loewenstein dies aged 80

Loewenstein (pictured right) is largely credited for having turned the fortune of the band from near bankruptcy to billions

Prince Rupert Loewenstein, the legendary former manager of The Rolling Stones, has died aged 80.

The Bavarian music industry veteran, full name Prince Rupert Ludwig Ferdinand zu Loewenstein-Wertheim-Freudenberg, passed away peacefully in his sleep on 20 May after suffering a long illness.

Loewenstein, who was also the band’s financial adviser, is largely credited for having turned the fortune of the band from near bankruptcy to billions when he joined them in the late Sixties.

Dubbed “the human calculator”, he remained their manager for four decades, before they parted on amicable terms in 2007.

“At the end of our conversation it was clear to me that Mick and I had clicked on a personal level,” he wrote in his memoir, A Prince Among Stones, on how a meeting with Jagger won him the coveted job.

“I certainly felt that Mick was a sensible, honest person. And I was equally certain that I represented a chance for him to find a way out of a difficult situation.  I was intrigued.

“So far as the Stones’ music was concerned, however, I was not in tune with them, far from it. Rock and pop music was not something in which I was interested. I had heard some of The Beatles’ music.

“Their music was sufficiently harmonic to be acceptable to people such as me. I only really took against rock ’n’ roll when I heard the Stones.”

“But the offer to look at the Stones’ financial situation had come at a very good time for me both professionally and psychologically.”

An aristocrat, he was born in Majorca in 1933 to Prince Leopold from the royal house of Wittelsbach.

He was, however, educated in England and studied History at Magdalen College, before going on to work in finance in London.

His funeral, which is expected to be attended by members of the band, will be held on Friday 30 May.

Loewenstein's passing follows the tragic death of L'Wren Scott, the  fashion designer girlfriend of Mick Jagger, who took her own life in March.