American hip hop and R&B record producer Irv Gotti has an estimated net worth of $60 million. He is the head and founder of The Inc. record label. Born Irving Domingo Lorenzo Jr. on June 26, 1970 in New York, he is of African-American and Dominican descent.  He is a producer and music executive who selected the stage name Irv Gotti by naming himself after John Gotti. The record label that he co-founded with his brother Chris was originally named Murder, Inc. However, after legal troubles in 2003, the company was renamed in 2005.

Gotti has produced songs for artists such as Jay-Z, Ja Rule, DMX, Ashanti, Fat Joe, Charli Baltimore, Uncle Murda, Lloyd, and Vanessa Carlton. He produced Jay-Z’s Can I Get A..., DMX’s What’s My Name?, and Ja Rule’s Holla Holla. He also co-produced Carlton’s third album, Heroes and Thieves, with Channel 7, Rick Rubin and Stephan Jenkins. It was released on October 9, 2007. In an early May 2009 interview with Angie Martinez, he stated that his label was leaving Universal Records. He was an inspiration to Nicki Minaj’s hit Moment For Life that was recently used in her Pepsi commercial as part of her Live For Now campaign. She mentioned this during a behind-the-scenes interview with TheInsider.com on the set for the ad spot.