It's Vanessa, to the letter.
Thursday night, Irv (Gotti) Lorenzo celebrated his new venture with Universal Motown Records on a yacht owned by pal J.R. Ridinger. Carlton, who just signed with Gotti, is now to be called "V" instead of Vanessa.
"V is an old family nickname of Vanessa's, and Irv thought it was a practical decision to use it," explained an insider. "Vanessa says V has always been her name, so it's not really a name change."
Party guest Ja Rule arrived brandishing his own bottle of Veuve Clicquot. "I bought my own [bleep], this is like BYOB," he joked.