Irv Gotti, the famed hip-hop music executive from New York City, has died at the age of 54. Def Jam Recordings shared a message on social media late Wednesday night confirming his death, saying the label is "deeply saddened.

Irv Gotti, a music executive who founded Murder Inc. Records with his brother and built a hip-hop empire that produced some of the biggest rap and R&B albums of the early 21st century, has died at 54.

Hip-Hop lost a legend. Irv Gotti, the co-founder of Murder Inc., passed away at 54, and the news hit the culture hard.