He said: "My life was changed when I did Belly because it became one of the biggest ever blockbusters in gangster movie history. It was like a version of Scarface. So it had a major impact and did a lot for me as an actor.
Rankin also addressed the impact of Typewriter, adding: "On the music side, I got a Grammy in 1992 for a song called Typewriter. So I've come a long way, done a lot.
"The older folks know me as Louie Rankin, but the younger generation call me Teddy Bruckshot [his Belly character]."
Tributes have been paid by stars including DJ Khaled, Nas, Outlawz's Young Noble and French rapper Kalash.
DJ Khaled paid tribute to Rankkin by posting a series of images of them together on Instagram. He captioned the post: "Bless Up!"
Nas shared a heartfelt post, writing: "Louie Rankin. Great working with this man. A legend. In Belly you stole the show. “ You Wana Rump with bombaclot me??!” In @djkhaled video Nas Album Done, your presence was super live wire much needed. RIP Don Dada."
Under Nas' post, Young Noble wrote: "Rest well."
Kalash wrote on Twitter: "RIP LOUIE RANKIN, THE ORIGINAL DON DADA."
Reggae Star " Popcaan " also paid tribute to the star, writing on his Instagram page: "Legends don’t die!!!! It is very unfortunate what happen to you fam but god knows best.. rest up fada Louie your memories are forever..!!!