He suffered a stroke earlier this month and passed away at home on Saturday morning, a statement on the organisation's website said.
The annual counterculture festival sees up to 70,000 people gather in Nevada's Black Rock Desert.
It features giant interactive art installations and a huge wooden man that is burnt at the end of the event. "Larry was never one for labels. He didn't fit a mould; he broke it with the way he lived his life," Burning Man CEO Marian Goodell wrote.
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