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TheHollywood Reporterfirst reportedthe news on February 5.
No cause of death was given for Gotti, who had a stroke last year due to his diabetes.
In 1998, he founded Murder Inc. under Def Jam with his brother Chris.
Murder later signedAshantiand released her self-titled debut in 2002.
Federal agents raided Murder Inc. in 2003 on suspicion the label was laundering money for gangster Kenneth Supreme McGriff.
The album debuted at No.
6, a career low for Ja Rule.
In 2006, Irv Gotti found a new home for The Inc. at Universal Motown.
In 2017, Gotti created the BET seriesTales, which adapts rap songs into TV episodes.
Im smoking on dat Gotti pack, nah God bless him LOL, he wrote.
