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Rolling Stones moneyman Rupert Loewenstein dies
Question of the Day
LONDON (AP) - He was the prince who helped make the Rolling Stones as rich as kings.
Prince Rupert Loewenstein, the band’s former business manager, helped the Stones churn their musical talent into mountains of gold. He died Tuesday at age 80 in a London hospital after suffering from Parkinson’s disease, friend Hugo Vickers said Thursday.
Loewenstein saw the Stones through their labyrinthine legal dispute with Klein, masterminded their year of tax exile in the south of France in the 1970s and oversaw their transformation from a rackety rock group to a formidable money-making machine that pioneered the lucrative mega-tour with the “Steel Wheels” extravaganza in 1989.
Born in Majorca in 1933, Loewenstein studied medieval history at Oxford University before becoming a stockbroker and banker. Vickers said, despite their very different backgrounds, Loewenstein and Jagger “absolutely clicked,” and the prince became closely involved in the band members’ lives.
Despite his close relationship with the band, Loewenstein always insisted he didn’t like rock ‘n’ roll. He said that distance let him view the band’s affairs “calmly, dispassionately, maybe even clinically - though never without affection.”
Loewenstein worked with the band until 2007 and last year published a memoir, “A Prince Among Stones.”
Jagger was not amused, telling a newspaper, “I don’t think your ex-bank manager should be discussing your financial dealings and personal information in public.”
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