The outspoken former team owner and F1 television pundit had been battling aggressive prostate cancer, and he died in the early hours of Thursday (20.03.25).
His family said in a statement: "It is with profound sadness that we announce the passing of Eddie Jordan OBE, the ex-Formula 1 team owner, TV pundit and entrepreneur.
"He passed away peacefully with family by his side in Cape Town in the early hours of 20 March 2025."
Jordan found rare success as an independent team owner, as they won four grand prix in 15 years.
He sold the team in 2005, and later became a pundit for BBC Sport and Channel 4.
His family continued: "Eddie and Jordan Grand Prix were known for their rock and roll image, bringing a fun and exciting element to F1, as well as consistently performing above their weight.
"Many successful F1 drivers owe their career breaks to Eddie, and world champions including Michael Schumacher and Damon Hill drove for him.
"EJ brought an abundance of charisma, energy and Irish charm everywhere he went. We all have a huge hole missing without his presence.
"He will be missed by so many people, but he leaves us with tonnes of great memories to keep us smiling through our sorrow."
Current F1 chief executive Stefano Domenicali has paid tribute to Jordan after the sad news.
He wrote in a statement: "We are deeply saddened to hear about the sudden loss of Eddie Jordan.
"With his inexhaustible energy he always knew how to make people smimle, remaining genuine and brilliant at all times.
"Eddie has been a protagonist of an era of F1 and he will be deeply missed.
"In this moment of sorrow, my thoughts and those of the entire Formula 1 family are with his family and loved ones."