The "In Da Club" rapper took to Instagram to pay his own kind of tribute to the late Murder Inc. founder, who was a close associate of his longtime rival, Ja Rule.

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,

Gotti, who was born in Queens, is known for working with major hip-hop and R&B artists who topped the charts for decades. CBS News New York's Nick Caloway takes a look at his life and legacy.

Producer and music industry mogul, Irv Gotti, who co-founded Murder Inc. Records and helped launch the careers of Ja Rule and Ashanti, has died at the age of 54. The somber news, shared and confirmed by The Hollywood Reporter,