The news was confirmed on the star’s Facebook page by his family.
“Our hearts are broken to announce that the incomparable Meat Loaf passed away tonight with his wife Deborah by his side,” a message read.
The star sold 100 million albums worldwide and also appeared in movies like Fight Club, the Rocky Horror Picture Show and Wayne’s World.
“Daughters Pearl and Amanda and close friends have been with him throughout the last 24 hours,” his family continued.
“We know how much he meant to so many of you and we truly appreciate all of the love and support as we move through this time of grief in losing such an inspiring artist and beautiful man.”
“We thank you for your understanding of our need for privacy at this time.
“From his heart to your souls…don’t ever stop rocking!”
The Dallas-born singer was born Marvin Lee Aday but also known as Michael, and got his nickname when his dad said he looked as red as meat at birth, before a high school football coach added the “loaf”.
The star was best known for his Bat Out Of Hell trilogy, which sold millions of albums worldwide.
He released a string of other albums in the late 1970s and 1980s, most notably notably Dead Ringer and Midnight at the Lost and Found.
In the 90s, his hit I’d Do Anything For Love (But I Won’t Do That) was the UK’s best-selling single of 1993 and earned him a Grammy Award.
On screen, he played Eddie in 1975 musical film The Rocky Horror Picture Show, was bouncer Tiny in 1992’s Wayne’s World, and appeared opposite Brad Pitt as bodybuilder Robert Paulsen in 1999’s Fight Club. (Courtesy BBC)