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 famed music producer and founder of the hip-hop label Murder Inc., died. He was 54. "It is with heavy hearts that we announce the passing of our beloved father, Irving 'Irv Gotti' Lorenzo,

Irv Gotti, a music mogul who founded Murder Inc. Records and was behind major hip-hop and R&B artists such as Ashanti and Ja Rule, has died. He was 54.