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,

The late Irv Gotti made a lasting impact on the music industry. Learn how his career influenced his net worth below.