It had been reported that Wheatley had been ill for weeks after testing positive for Covid-19. While cause of death has yet to be officially confirmed, it had been stated from several outlets that Wheatley had died following Covid complications.
He is survived by his wife Gaynor Martin and their three children.
Having served bassist for Queensland band The Masters Apprentice in the 1960s, Wheatley founded the Wheatley Organisation in 1975 and became manager of Little River Band with John Farnham as lead singer.
Wheatley also bankrolled his own mortgage to fund Farnhams' comeback album "Whispering Jack" in 1986. This became one of the biggest selling albums in Australia and also lasted for 25 weeks at top of the charts.
John Farnham paid special tribute to Wheatley upon hearing of his passing.
“There are no words, our hearts are broken. Our love and thoughts to all who loved Glenn, especially his family…he was one of a kind, special to so many", he said.
The Masters Apprentice also paid tribute to Wheatley.
“We will miss him greatly. He has left his mark forever on Australian music", they wrote.
Wheatley also worked closely with singer Delta Goodrem, who added, “Glenn impacted the lives of so many, including mine. I will always remember him calling my family about my music after hearing a demo CD from when I was just 13 years old. What followed was many treasured memories. I am forever grateful for our time together in my early career. May he Rest In Peace. All my love and prayers are with his family at this time".
Goodrem found fame when she appeared in soap Neighbours. Her album "Innocent Eyes" also lasted 29 weeks at number one in the ARIA Albums Chart.
Singer Marcia Hines paid tribute to Wheatley, “My condolences to his wife Gaynor, and all of his family, during this ever so sad time".
"May he rest in peace".