Virgil Runnels also known as WWE's "The American Dream" Dusty Rhodes passed away on Thursday. He was 69 years old.

WWE, in an official statement, said the former wrestler was one of "the most captivating and charismatic figures in sports entertainment history" and also a WWE Hall of Famer.

According to Huffington Post, the details of his death has not been disclosed by a family spokesperson though WWE already offered its condolences to his family saying he was "a caring husband and a creative visionary who helped shape the landscape of WWE long after his in-ring career had ended."

"Runnels became a hero to fans around the world thanks to his work ethic, his impassioned interviews and his indomitable spirit. Moreover, Runnels was a dedicated father to WWE Superstars Goldust (Dustin Runnels) and Stardust (Cody Runnels). WWE extends its sincerest condolences to Runnels' family, friends and colleagues," the WWE statement furthered.

It was added in the Huffington Post report that Runnels was a three-time NWA champion, who also became famous from the 1970s to the 1980s for his signature yellow polka dot tights. He also had a famous figure beside him, sidekick Sapphire.

Washington Post noted that his last fight was his loss against Randy Orton during the Great America Bash in 2007.

After retiring from the sport, he worked at the WWE's Performance Center in Orlando, Fla. He was, however, seen in some storylines in the sport, including an appearance last year with his sons Stardust and Goldust.

In expressing his sadness with the passing of the former wrestler, WWE broadcaster Jim Ross, who also worked with Runnels for many years, said he is heartbroken with the news since he lost  "a broadcast partner, colleague and mentor."

"He was arguably the most charismatic performer of all time. His amazing unique verbal styling will never be duplicated or exceeded. He was exactly what he portrayed on TV: A blue-collar, common man, who rose from being son of farmer to being a part of American pop culture, whose memory will live forever. Therefore, for many he was truly the American dream," added Ross.

Meanwhile, on his Twitter account, Runnels' former rival Ric Flair tagged the wrestler as his mentor.

 "Much love to your family and more respect than can ever be measured. Love you Dream," he tweeted along with a photo of him and Runnels inside the ring in their prime years and when they were still matched against each other.

Leaving a great mark in the sport, Runnels will surely be missed with the entire industry expressing their sadness over his demise. His contributions to the WWE during the years he was still active are still considered very valuable until today.