The Rolling Stones drummer was surrounded by his family at the time of his death, his publicist confirmed.
In a statement shared with PA, he said: ‘It is with immense sadness that we announce the death of our beloved Charlie Watts.
‘He passed away peacefully in a London hospital earlier today surrounded by his family.
‘Charlie was a cherished husband, father and grandfather and also as a member of The Rolling Stones one of the greatest drummers of his generation.
‘We kindly request that the privacy of his family, band members and close friends is respected at this difficult time.’
Earlier this month, it was announced that Watts was to miss the band’s forthcoming US tour.
A spokesman said at the time that he was ‘unlikely to be available for the resumption of the Rolling Stones USA No Filter Tour’ as he recovered from a medical procedure, with Steve Jordan taking his slot.
The music icon shared: ‘For once my timing has been a little off. I am working hard to get fully fit but I have today accepted on the advice of the experts that this will take a while.’
Charlie Watts joined the Rolling Stones in 1963 (Picture: PA)
Watts first met Keith Richards and Sir Mick Jagger back in 1962, and had made a name for himself in the music industry before this – but it wasn’t until the following year that he agreed to join the group.
They soon became household names, with hits including Paint It Black, (I Can’t Get No) Satisfaction and Get Off of My Cloud soaring to the top of the charts around the world.
In 1989, more than a decade after forming, the Rolling Stones were inducted into the Rock and Roll Hall of Fame.
Watts’ drumming skills were noted in particular, with the late star voted into the Modern Drummer’s Hall of Fame in 2006, joining the likes of Ringo Starr and Keith Moon.
Alongside frontman Sir Mick Jagger and guitarist Keith Richards, Watts was among the longest-standing members of the Stones, which has seen a shifting line-up of musicians including Mick Taylor, Ronnie Wood and Bill Wyman.
In June, 2004, Watts was diagnosed with throat cancer after discovering a lump on the side of his neck.