India, Feb. 6 -- Famed music producer and record executive Irv Gotti has reportedly died at the age of 54. His death was confirmed by The Hollywood Reporter on Wednesday, February 5. Gotti's passing comes after rumours claimed he had suffered another stroke and brain bleed.

Gotti was born Irving Domingo Lorenzo Jr., and is famous for co-founding the record label Murder Inc. Records in 1998, an imprint of Def Jam Recordings. He gained producer credits for hip-hop stars like Jay-Z, DMX, Kanye West, Ja Rule, Fat Joe, Eve and more.

The circumstances surrounding Gotti's last moments have not been disclosed yet. Sources only told AllHipHop that he was "declared dead" on Wednesday morning.

Gotti, who had a history of health issues, including ...