The singer, whose real name was Michael Lee Aday, died with his wife Deborah at his side. He had an extraordinary career over six decades with the Bat Out Of Hell trilogy among his most popular musical offerings.
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.
“Daughters Pearl and Amanda and close friends have been with him throughout the last 24 hours.”
Hit single I’d Do Anything For Love (But I Won’t Do That) reached number one in 28 countries and earned him a Grammy award. The rocker also played the role of Eddie in the 1975 musical film The Rocky Horror Picture Show.
In 2016 he was honoured with the Hero Award at the annual Q Awards music ceremony, which he dedicated to everyday heroes and called on people to ‘bring love back into this world’. His career spanned more than just music, with the musician also featured in a string of films including 1999’s Fight Club and 1992’s Wayne’s World.
Bat Out Of Hell was also adapted as a stage musical, which was written by long-time collaborator Jim Steinman and featured some of the musician’s best-loved hits.
Meat Loaf had spoken openly about health issues that had plagued him, notably asthma, which caused him to collapse on stage during a concert in Pittsburgh in 2011, and in 2003 he collapsed at Wembley Arena in London and was admitted to hospital. He later held a press conference in Kensington to reassure fans about his health.