Beastie Boys had sold 40 million records worldwide by 2010. In April 2012, the group was inducted into the Rock and Roll Hall of Fame. Yauch was inducted in absentia due to his illness. His bandmates paid tribute to him; a letter from Yauch was read to the audience.
Yauch died at age 47 on May 4, 2012. Upon his death, fellow musicians and artists paid tribute. Russell Simmons of Def Jam Records said that Yauch "was incredibly sweet and the most sensitive artist, whom I loved dearly". Ben Stiller tweeted that Yauch "stood for integrity as an artist". Jeff Ament of Pearl Jam said that Yauch was "a crazy talent whose contributions with his band were inspirational and consistently ground breaking". Radiohead frontman Thom Yorke wrote: "We looked up to the Beastie Boys a lot when we were starting out and how they maintained artistic control making wicked records but still were on a major label and the Tibetan Freedom Concerts they organized had a very big influence on me personally and the way Adam conducted himself and dealt with it all impressed me a lot. He was a mellow and [very] smart guy. May he rest in peace." Eminem said in an interview, "Adam Yauch brought a lot of positivity into the world and I think it's obvious to anyone how big of an influence the Beastie Boys were on me and so many others." Three days after Yauch's death, bandmate Adam "Ad-Rock" Horovitz posted a note on the Beastie Boys' Tumblr page about it, acknowledging the pain of losing Yauch and his admiration for him.