Malcolm Young Net Worth

What Is Malcolm Young’s Net Worth?

At the time of his passing in late 2017, Malcolm Young, the Scottish-born Australian guitarist, boasted a substantial net worth of $100 million. This considerable wealth was primarily accumulated through his integral role as the co-founder, rhythm guitarist, songwriter, and backing vocalist of the iconic Australian rock band, AC/DC.

AC/DC’s Formation and Rise to Prominence

Malcolm Young’s musical journey commenced in November 1973 when he, at the young age of 20, laid the foundation for AC/DC. Shortly thereafter, he extended an invitation to his 18-year-old brother, Angus Young, to join the burgeoning group. As the rhythm guitarist, Malcolm assumed responsibility for the band’s overall sonic architecture, crafting numerous memorable guitar riffs and co-writing the band’s material alongside Angus. Their early performances included national tours starting in 1974, featuring singer Dave Evans.

In 1976, AC/DC made a pivotal move to the United Kingdom, embarking on an extensive schedule of international touring and recording. The band experienced a significant turning point following the tragic death of lead singer Bon Scott in 1980. They channeled their grief and creative energies into recording “Back in Black” with new singer Brian Johnson, which would become their best-selling album. AC/DC’s subsequent trajectory saw them sell over 200 million albums globally and consistently fill stadiums worldwide.

Malcolm’s unwavering commitment to AC/DC spanned from its inception in November 1973 to approximately 2014, interrupted only by a brief absence in 1988. His contributions were formally recognized in 2003 when he and the other members of AC/DC were inducted into the Rock and Roll Hall of Fame. Sadly, Malcolm’s later years were marked by the onset of dementia, forcing him to retire from performing with the band. He ultimately succumbed to the illness on November 18, 2017, at the age of 64. He was survived by his wife, Linda Young, and their two children, Cara and Ross.

Early Life and Musical Beginnings

Born on January 6, 1953, in Glasgow, Scotland, Malcolm Young was the son of Margaret and William Young. He was part of a large family that included siblings Stephen, George, Margaret, William Jr., Alex, John, and Angus. In 1963, facing the aftermath of one of Scotland’s most severe winters, 15 members of the Young family immigrated to Australia, seeking a warmer climate. They eventually settled in a semi-detached house in the Sydney suburb of Burwood.

Malcolm’s initial foray into the music scene was with the Marcus Hook Roll Band, a project initiated by his brother George and his music partner Harry Vanda. Angus Young was also a member of this band. The Marcus Hook Roll Band released its debut and only studio album, “Tales of Old Grand-Daddy,” in 1973. In the following year, Young contributed guitar work to Stevie Wright’s song “Evie,” which was written and produced by George Young and Vanda.

AC/DC’s Formation and Early Albums

In 1973, Malcolm and his brother Angus joined forces to create the rock band AC/DC. Malcolm took on the role of rhythm guitarist, while Angus became the lead guitarist. The initial lineup also included drummer Colin Burgess, bass guitarist Larry Van Kriedt, and vocalist Dave Evans. AC/DC underwent several personnel changes before releasing its first album, “High Voltage,” in Australia in 1975, followed by “T.N.T.” later that year.

The year 1976 saw AC/DC release an international version of “High Voltage,” as well as “Dirty Deeds Done Dirt Cheap” in Australia and Europe. Subsequent albums included “Let There Be Rock” and “Powerage,” the latter being the first to feature bass guitarist Cliff Williams.

Breakthrough Success and Continued Career

AC/DC achieved its breakthrough in 1979 with the release of “Highway to Hell,” which marked the band’s first entry into the Billboard 200 chart in the United States. Sadly, it was also the last album to feature vocalist Bon Scott, who passed away from alcohol poisoning in early 1980. With Brian Johnson stepping in as the new frontman, AC/DC released “Back in Black” in the summer of 1980. This album propelled the band to international stardom, ultimately becoming the second-bestselling album of all time. Specific sales figures for “Back in Black” demonstrate its monumental success, with estimates exceeding 50 million copies sold worldwide. This contributed significantly to Malcolm’s overall net worth through royalties and associated revenue streams.

AC/DC sustained its success with 1981’s “For Those About to Rock,” which became their first album to reach the number one spot in the US. Following these significant achievements, AC/DC experienced a relative commercial setback with “Flick of the Switch,” released in 1983. That album was followed by 1985’s “Fly on the Wall” and 1988’s “Blow Up Your Video.”

The early 1990s witnessed a major commercial resurgence for AC/DC with the album “The Razors Edge,” which spawned the hit singles “Thunderstruck” and “Are You Ready.” Five years later, the band released “Ballbreaker,” which marked the return of drummer Phil Rudd. After another five-year hiatus, AC/DC released the album “Stiff Upper Lip,” the last one to be produced by George Young. Following an even longer break, AC/DC released their 15th studio album, “Black Ice,” in 2008. It became the band’s biggest chart success since “For Those About to Rock” 27 years earlier, and was the second-bestselling album of the year. It was also the last AC/DC album to feature Malcolm Young, who retired in 2014 due to the onset of dementia.

Illness, Retirement, and Death

Following the conclusion of AC/DC’s Black Ice World Tour in 2010, Malcolm Young received a diagnosis of lung cancer. Fortunately, treatment was successful, and the cancer was removed. Later, in the spring of 2014, Young’s health deteriorated significantly, compelling him to cease performing. He officially retired from AC/DC later that year and was replaced by his nephew Stevie. It was reported that he had been diagnosed with early-onset dementia and was residing in a nursing home to receive full-time care.

Malcolm Young passed away from the illness in November 2017 at the age of 64. His older brother George had passed away just a few weeks prior. Tributes poured in from prominent figures in the rock music community, including Ozzy Osbourne, Eddie Van Halen, Alice Cooper, and Billy Idol. These tributes underscored his profound influence on the genre and the respect he commanded from his peers. Royalties from AC/DC’s extensive discography continue to contribute to his estate, solidifying his lasting legacy and contributing to the ongoing financial stability of his family. While specific royalty figures are not publicly disclosed, industry estimates suggest substantial annual earnings from album sales, streaming, and licensing agreements. These ongoing revenue streams further illustrate the enduring impact of Malcolm Young’s contributions to AC/DC and their long-term financial implications.

Malcolm Young’s Enduring Legacy

Malcolm Young’s $100 million net worth at the time of his death reflects not only his musical talent but also his business acumen and dedication to AC/DC. His contributions to the band’s songwriting, guitar riffs, and overall sound played a pivotal role in their global success. The enduring popularity of AC/DC’s music ensures that his legacy will continue to inspire and enrich the lives of music lovers for generations to come.

The specific breakdown of Malcolm Young’s net worth can be attributed to several key factors:

• Music Royalties: As a primary songwriter and performer for AC/DC, Malcolm Young received substantial royalties from album sales, streaming services, and licensing agreements. Albums like “Back in Black” continue to generate significant revenue.
• Touring Revenue: AC/DC’s stadium tours were a major source of income. As a key member, Malcolm received a portion of the band’s earnings from ticket sales, merchandise, and other related revenue streams.
• Publishing Rights: Malcolm co-owned the publishing rights to AC/DC’s extensive catalog of songs, providing a steady income stream through licensing for films, television, and other media.
• Investments and Assets: Like many successful musicians, Malcolm likely made investments in real estate, stocks, and other assets, further contributing to his overall wealth.

The specific details of his investments and assets remain private. However, it is reasonable to assume that Malcolm Young managed his wealth wisely, ensuring a secure financial future for his family.

Malcolm Young’s role in AC/DC’s success is undeniable, and his net worth is a testament to his talent, hard work, and dedication to the band. His legacy as a rock icon and a founding member of one of the world’s most successful rock bands will endure for years to come.