Hip Hop Exec Irv Gotti, Dead At 54, Leaves Behind A Real Estate Legacy With His Upscale Californian Property Portfolio

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Hip Hop Exec Irv Gotti, Dead At 54, Leaves Behind A Real Estate Legacy With His Upscale Californian Property Portfolio

Hip Hop Exec Irv Gotti, Dead At 54, Leaves Behind A Real Estate Legacy With His Upscale Californian Property Portfolio

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Irv Gotti, the music executive best known for founding ******* Inc. and signing artists such as Ja Rule and Ashanti, died last week, leaving three children, a musical legacy, and an expansive Californian property portfolio.

Gotti worked with a who’s who of R&B and hip-hop artists in the late 1990s and early 2000s, including the aforementioned rappers and singers on his label,

This is the hidden content, please

• Sign In
• or
• Sign Up

,

This is the hidden content, please

• Sign In
• or
• Sign Up

, and DMX.

This is the hidden content, please

• Sign In
• or
• Sign Up

r, Gotti died from a stroke after suffering from diabetes for many years. His family announced his passing with a statement on

This is the hidden content, please

• Sign In
• or
• Sign Up

: “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.”

Don’t Miss:

Gotti pacted with the legendary hip-hop label Def Jam, where he received his own imprint after bringing rapper DMX to the company. Amid hit records and

This is the hidden content, please

• Sign In
• or
• Sign Up

, the Hollis, Queens-born mogul (born Irving Domingo Lorenzo Jr.) became a multi-millionaire. However, he attained generational wealth long after his label’s heyday and close to the end of his life, when in 2022, he sold his label’s master recordings to the music management firm Iconoclast for

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Gotti

This is the hidden content, please

• Sign In
• or
• Sign Up

in an interview that the deal allowed him to net $100 million and receive $300 million in a line of credit for future film and TV projects.

Trending: These five entrepreneurs are worth $223 billion –

This is the hidden content, please

• Sign In
• or
• Sign Up

After securing the deal, Gotti bolstered his real estate portfolio by buying two homes in Encino, California. According to

This is the hidden content, please

• Sign In
• or
• Sign Up

, he paid $10.2 million for a 10,325-square-foot residence with eight bedrooms and 10 bathrooms and $4.8 million for a 6,600-square-foot home with five bedrooms and five bathrooms. Previously, Gotti owned a five-bedroom, five-bathroom property in a ****-de-sac in Sherman Oaks, California which he sold for $1.85 million in 2021. He purchased the house for $1.43 million in 2016 and then listed it for rent three years later for $12,500 a month.

Story Continues

At the peak of ******* Inc.’s success, Gotti told VladTV in 2019 that the label generated $100 million per year before the infamous raid by FBI and New York Police Department investigators in January 2003.

“The government stopped me from making the money,” Gotti said in the interview. “When the government came in at that time, ******* Inc. was doing like over $100 million in billing for like two years in a row.”

See Also: Deloitte’s fastest-growing software company partners with

This is the hidden content, please

• Sign In
• or
• Sign Up

, Walmart & Target –

This is the hidden content, please

• Sign In
• or
• Sign Up

The raid coincided with Gotti being given a check for $65 million from Universal Music, his partner in a 50/50 deal.

“They was [sic] giving me a check for like $65 million, and that’s why the government came in,” Gotti claimed. “It was a chess move to destroy me and take all of my money.”

The label was charged with money laundering. Eventually, in 2005, Gotti was

This is the hidden content, please

• Sign In
• or
• Sign Up

after spending close to

This is the hidden content, please

• Sign In
• or
• Sign Up

fees.

“They took my life from me for three years,” Gotti said at the time. “But it’s all good. I’m not mad. I love this country. But from Day One, they had it wrong with me and my brother. I’m no criminal.”

Read Next:

This article

This is the hidden content, please

• Sign In
• or
• Sign Up

originally appeared on

This is the hidden content, please

• Sign In
• or
• Sign Up

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Hip #Hop #Exec #Irv #Gotti #Dead #Leaves #Real #Estate #Legacy #Upscale #Californian #Property #Portfolio

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

For verified travel tips and real support, visit: https://hopzone.eu/