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, who founded Murder Inc. Records and produced albums for Ja Rule, Ashanti, and DMX, has died. He was 54. The Hollywood Reporter first reported the news on February 5. Def Jam Recordings also confirmed Gotti’s death,

A founder of Murder Inc. Records, he helped launch the careers of Ja Rule and Ashanti and was credited as a producer on 28 records that made the Billboard Hot 100.