Irving Domingo Lorenzo, Jr., known popularly as Irv Gotti is a famous American R and B and Hip hop music producer. He is well known as one of the founders of the controversial record label Murder Inc. Records. Now let’s have a close look at Irv Gotti’s net worth in 2018.
Irv was born on June 26, 1970, in Hollis, Queens. He is a mixture of African and Dominican heritage. He has seven older siblings.
He is married to his long-time girlfriend Debbie Lorenzo, and together they have three beautiful children, Sonny, JJ, and Angie.
There was a legal battle that required Gotti and his brother to change the name of their record label from Murder Inc. to The Inc. in 2005.
The investigation in 2003 led the FBI to carry out a raid on the offices in 2003. The troubles escalated as shootings and stabbings became a prominent part of the case. It was splashed all over the news including MTV as well as the New York Times.
Further shootings ensued in New York in the company of 50 Cent’s management company. His brother Chris was also shot as well.
Irv and his brother Chris co-founded the record label Murder Inc. Records. However, they faced a lot of legal challenges in 2003 and eventually had to rename it to just The Inc. in 2005.
He has produced multiple songs for artists like Ashanti, Charli Baltimore, DMX, Ja Rule, Vanessa Carlton, Jay-Z and Fat Joe.
He has also produced Jay-Z’s “Can I Get A…”, DMX’s “What’s My Name?” and Ja Rule’s “Holla Holla.”
Along with Rick Rubin, Stephan Jenkins and Channel 7 Gotti produced Heroes and Thieves which was the third album of Vanessa Carlton.
In 2009 The Inc. separated from Universal Records.
Irv first came into the limelight when he produced a song for Jay-Z’s debut album, Reasonable Doubt.
Venni Vetti and It’s Dark, and Hell Is Hot established Gotti’s reputation as a hit maker.
His production for Ja, for the latter’s album Rule 3:36 had a number of hits which contributed to Gotti’s fame.
Both the album above, as well as his next album Pain, Is Love had a number of chart-topping hit songs.
As a reward for his enormous success, Def Jam allowed Gotti and Murder Inc. greater liberties to establish themselves on par with record labels like Bad Boy and Roc-A-Fella.
Gotti went on to produce three hit songs in the early 2000’s: Fat Joe’s “What’s Luv?”, Ashanti’s “Foolish,” and Ja’s “Always on Time.”
In 2002, he released another album, Irv Gotti Presents The Remixes, which basically had remixes of songs he had produced with the likes of Ja and Ashanti.
Awards & Achievements
He won the Grammy Award for Best Contemporary R&B Album for “Ashanti” in 2002.
Net Worth of Irv Gotti
Irv Gotti’s net worth at $60 million. His source of revenue is from his career as a record producer for various famous artists like Jay-Z. He built up a reputation for creating groovy beats that earned the adulation of fans worldwide.
Gotti had cultivated his own persona as kind of an underworld Don. This among other factors led to the shootings and eventually the FBI investigation which put a pause on his rise in the music industry. He had to face a lot of legal hassles for this issue. However, he pulled through this controversy and continued to produce songs for the likes of Ashanti, Vanessa Carlton, and Memphis Bleek.
In spite of all the legal disputes that he has been involved in, Gotti’s reputation as a hit record Producer remains formidable.