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, the co-founder of music label Murder Inc. and Grammy-winning producer behind some of the biggest names in hip-hop and R&B, has died. He was 54. Def Jam Recordings, the record label of which Murder Inc.