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 noted record executive, music producer and entrepreneur best known as the founder of Murder Inc. Records, has died, The Hollywood Reporter has confirmed. He was 54. T

Gotti died at age 54 after cofounding Murder Inc. Records with his brother, Chris, in 1998. Irv Gotti, the influential music executive who cofounded Murder Inc. Records — the label that helped launch Ja Rule,