Wolfe's agent Lynn Nesbit told The Associated Press that Wolfe died in a New York City hospital.
On "The Electric Kool-Aid Acid Test", our reviewer wrote, "it is not simply the best book on the hippies, it is the essential book".
Wolfe worked as a reporter at the Springfield Union in MA and as the Latin American correspondent for the Washington Post.
Wolfe worked at The Washington Post and the New York Herald Tribune, where he developed "New Journalism", a style marked by interior monologues and eccentric language. Wolfe edited a volume of work by himself and other prominent writers of the era, including Truman Capote, Joan Didion, Hunter S. Thompson, Norman Mailer, George Plimpton, titled "The New Journalism".
The "new journalism" reporter and novelist insisted that the only way to tell a great story was to go out and report it.
Wolfe's influence is profound on American culture and its lexicon - "the right stuff", "radical chic" and "the Me Decade" (read Wolfe on all three by clicking their respective links) being but three of Wolfe's phrases which demonstrate his exceptional linguistic acumen - it will be felt for time immemorial.
Later, Wolfe published his first novel, "The Bonfire of the Vanities", in 1987, which was adapted into a film by Brian De Palma in 1990.
Wolfe was also a style icon, known for wearing a crisp white suit everywhere he went.
In a career spanning more than half a century, Wolfe wrote fiction and non-fiction bestsellers, starting with The Kandy-Kolored Tangerine-Flake Streamline Baby (1965). He is survived by his wife Sheila and son Tommy.