Irv Gotti of Murder Inc. Records Has Died; What Was His Net Worth?

Music producer and executive Irv Gotti has died at age 54. 

Gotti, whose real name was Irving Domingo Lorenzo Jr., was the founder of Murder Inc. Records and had worked with artists such as Ashanti, DMX, and Ja Rule. His family confirmed his death in a statement on Instagram. 

“It is with heavy hearts that we announce the passing of our beloved father, Irving ‘Irv Gotti’ Lorenzo, on February 5, 2025. Surrounded by family and friends, he departed this world, leaving behind a legacy that will forever resonate in the hearts of those who knew him and the countless lives he touched,” they wrote. “Our dad was an incredible man, a true visionary who transformed the hip-hop industry and changed the game for artists and fans alike. His passion for music and dedication to his craft inspired many, and his contributions will continue to influence future generations.”

Tributes to Gotti swiftly poured in on social media. Ja Rule shared a black and white photo of Gotti along with the caption, “Love you…” on his Instagram. 

Def Jam Recordings – where Gotti began his career in A&R before founding Murder Inc. in 1998 – said in a statement that his contributions “helped pave the way for the next generation of artists and producers,” adding that Gotti’s “creative genius and unwavering dedication to the culture birthed countless hits, defining an era of music that continues to resonate with fans worldwide.”

Irv Gotti’s net worth estimated at $25 million

Gotti’s career took a hit in the early 2000s when the FBI investigated Murder Inc. due to its alleged links to drug trafficker Kenneth “Supreme” McGriff. In 2005, Gotti was acquitted of all charges. More recently, he expanded his work to include TV, producing the BET show Tales, which aired in 2017. Celebrity Net Worth estimated his net worth at $25 million. 

In 2022, Gotti sold a 50% stake in his label’s masters to Iconoclast for $300 million, noted Complex. He later defended his decision not to give artists control over their own masters. 

“When people talk about the masters…and they’re like, ‘Oh you should give your artists their masters.’ No, because that’s how I make my money,” Gotti told Drink Champs (via AfroTech). “Like Ja, Ashanti, millions of dollars they make every year [from their shows]. I don’t get a dime of that. I don’t get one f***ing penny of that.”

“The only thing that I have that I can sell to get me a check is those masters,”he added. “And you wanna take that from me?”

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