Irv Gotti, the famed hip-hop music executive from New York City, has died at the age of 54. His three children shared a message on his social media, writing, "It is with heavy hearts that we announce the passing of our beloved father,

Irving Lorenzo Jr.—known to the music world by his professional name, Irv Gotti—has died. Through his work, first for Def Jam Records, and then as the co-founder (with his brother Chris) of Murder Inc.

Irv Gotti, the producer and music industry mogul who launched the careers of Ja Rule and Ashanti, has died at the age of 54, according to the Hollywood Reporter and sources close to the situation. A cause of death has not been confirmed,