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,

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.

Irv Gotti, the music producer who created hits for Ja Rule, Ashanti, DMX and Jennifer Lopez, has died at the age of 54. Best known as the founder of the record label Murder Inc., his signature style of blending hip-hop beats with smooth R&B melodies shaped the sound of the charts in the late 90s and early 2000s.