Gunman On The Loose: Ludacris' Manager Chaka Zulu Shot After Argument In Parking Lot Turns Deadly

At the time of this post, police do not have a suspect in custody. While law enforcement has not commented on Zulu's status after confirming he survived the shooting, a source told Variety his "condition is critical but stable."

Atlanta's Mayor Kasim Reed also weighed in on the situation, confirming Zulu's status.

"We are fortunate to report that Chaka Zulu is in stable condition and recovering," he said after the shooting. "The family thanks everyone for their well wishes and prayers, and asks for their privacy at this time.”

Atlanta police Lt. Germaine Dearlove revealed more information about the incident, stating, "We have three persons shot at the location. One deceased and two are in hospitals as a result of a dispute in the parking lot."

While the hunt for the gunman is still underway, law enforcement revealed they have surveillance video of the scene that they hope will help them identify the shooter.

Zulu and his brother, Jeff Dixon, founded the record label with Ludacris in 1998. In 2008, they signed a deal with Def Jam Records, expanding their clientele even more.

Ludacris has not spoken out about Zulu's shooting or condition. The rapper proved they were thick as thieves earlier this year when the record honcho was honored by the NBA’s Atlanta Hawks with “Forever 404 Honors.”