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 The Rolling Stones: Britain's first musical tax exiles

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RR Phantom

RR Phantom

Location : Wasted Space
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PostSubject: The Rolling Stones: Britain's first musical tax exiles   The Rolling Stones: Britain's first musical tax exiles Icon_minitimeThu May 22, 2014 7:29 pm

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

The Rolling Stones: Britain's first musical tax exiles 1400728631703.jpg-620x349

During almost four decades of handling the band's affairs, Prince Rupert zu Loewenstein, the head of a small London merchant bank, helped Sir Mick Jagger alone amass a fortune estimated at £200 million ($365m)

Prince Rupert's neat suits and distaste for rock and roll made him an unlikely member of the Stones' entourage, but he quickly struck up a firm 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. He was instrumental in extricating the band from an unsatisfactory relationship with their former manager, Allen Klein, and his influence helped convince Jagger to continue touring throughout the 1980s and 1990s when relationships within the group were cooling.

http://www.smh.com.au/entertainment/music/aristocrat-who-made-the-rolling-stones-fortune-dies-at-80-20140522-zrkmf.html
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