Malcolm Young Net Worth: The Story Behind His Rock Empire
See how Malcolm Young Net Worth grew to $100M through decades of success with AC/DC, global hits, and music royalties.
Oct 30, 202575 Shares7.5K Views
From the first fiery chord he struck with AC/DC in 1973, Malcolm Young helped define hard rock history through his raw riffs and solid rhythm. He was a founding member and became the band’s driving force behind the scenes. In 2014 he stepped away from AC/DC due to ill health, and his nephew Stevie Young took over his role. His funeral was held at the Catholic St Mary’s Cathedral in Sydney, showing that his family had strong links to the church.
Early Life
Malcolm Mitchell Young was born on January 6, 1953 in Glasgow, Scotland. His father was William Young and his mother was Margaret Young. In 1963, when Malcolm was ten years old, his family moved from Scotland to Sydney, Australia. Music was a big part of his household: Malcolm later said that all the males in his family played instruments.
Career
Malcolm Young co-founded the rock band AC/DC in 1973 with his younger brother Angus Young. He took charge of rhythm guitar and backing vocals, and from the start he also helped craft the band’s signature sound and straightforward rock style.
Over the years Malcolm was central in writing many of AC/DC’s iconic songs, shaping albums like “High Voltage” and “Back in Black,” which went on to worldwide success. In 1988 he stepped away from touring to deal with alcohol issues, and his nephew Stevie Young filled in for him for a time.
In 2014 Malcolm retired from the band for health reasons, and Stevie Young became his official replacement. Even after his retirement, materials he had written or recorded earlier continued to be used by AC/DC on later albums, keeping his influence alive in their work.
Death
Malcolm Young passed away on 18 November 2017 at the age of 64. His death came after a long fight with dementia, and he died peacefully with his family by his side in Elizabeth Bay, New South Wales.
Malcolm Young Net Worth
At the time of his death in 2017, Malcolm Young had an estimated net worth of about US $100 million. He earned this wealth mainly through his long career with AC/DC, one of the best-selling rock bands in history. His income came from album sales, global tours, and royalties from hit songs he co-wrote, such as “Highway to Hell” and “Back in Black.” He also earned money from merchandise, music licensing, and AC/DC’s continued success even after his retirement.
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