Mr Paul died from complications of pneumonia in New York, according to Gibson, the firm that sold his guitars.
He is credited with inventing the solid-body electric guitar, which went on sale in 1952 and contributed to the birth of rock ‘n’ roll.
He also developed other influential recording innovations such as multi-track recording and overdubbingÂ and he was credited with inventing the eight-track tape recorder.
Henry Juszkiewicz, chairman of Gibson Guitar, said: “His influence extends around the globe and across every boundary.”
Gibson president Dave Berryman said: “As the ‘father of the electric guitar’, he was not only one of the world’s greatest innovators but a legend who created, inspired and contributed to the success of musicians around the world.”