William Goldman, Oscar-winning writer of movies such as The Princess Bride and All The President's Men, has passed away at the age of 87. The news was confirmed by several of his family members, including his daughter Jenny and son-in-law, Mike Pavol. Goldman's health had been failing in recent years and he passed away at his home in New York City surrounded by loved ones, of complications related to colon cancer and pneumonia, according to his family.

Though William Goldman will be remembered as one of the great screenwriters, the man never thought of himself in that way. In an interview with the New York Times in 1979 he said, "I'm not a screenwriter. I'm a novelist who writes screenplays." Indeed, Goldman did start his career as a novel writer after graduating from Columbia University in New York with a master's in English, with his first book, The Temple of Gold, earning praise. That would go on to spawn a series of novels.

It wasn't much later that William Goldman dipped his toe in the Hollywood stream, with his first screenwriting job coming in 1965 with Masquerade. He then adapted Harper in 1966 before writing his first original screenplay, which turned out to be Butch Cassidy and the Sundance Kid. The Paul Newman and Robert Redford classic cemented Goldman's status as a top-notch screenwriter, ultimately earning him a Best Original Screenplay Oscar in 1970. Goldman would go on to later adapt All The President's Men in 1976, again starring Redford, which earned him a Best Adapted Screenplay Oscar. The Academy took to Twitter to Honor Goldman following the news of his Passing.

"For decades, Oscar-winning screenwriter William Goldman shared his spirit, imagination and enduring words with us. Today, we say goodbye to a Hollywood legend."

Despite the fact that William Goldman was an in-demand screenwriter, he never left New York City. Instead, he would make his way to Los Angeles to meet with filmmakers for a couple of days at a time, then would return to his home in New York to write his scripts. Goldman continued to write novels as well. Often times, Goldman would wind up adapting his own novels for the screen. Some of the most famous examples include Michael Mann's crime drama Heat, Marathon Man, Magic and The Princess Bride. While a modest success at the time of its release, the Rob Reiner-directed movie has become a true classic and a favorite amongst cinephiles. Reiner took to Twitter to share his thoughts on Goldman's passing.

Related: Princess Bride Cast Share 30th Anniversary Secrets

"Losing Bill Goldman made me cry. My favorite book of all time is The Princess Bride. I was honored he allowed me to make it into a movie. I visited with him last Saturday. He was very weak but his mind still had the Goldman edge. I told him I loved him. He smiled & said f*** you."

One of the author's other major contributions to the screenwriting world was his book Adventures in the Screen Trade. Published in 1983, it went on to become a bestseller and is widely regarded as one of the best books ever published on the subject. Some of his other notable movie credits include the adaptation of Stephen King's Misery, A Bridge Too Far and The Stepford Wives. Be sure to check out some of the other tributes that have been paid to the late writer below. RIP, William Goldman. This news was previously reported by Deadline.

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Ryan Scott