Malcolm Young Net Worth: How Much Did The AC/DC Legend Earn?

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Malcolm Young, the co-founder, rhythm guitarist, and songwriter for the legendary rock band AC/DC, left an indelible mark on the music world. His driving riffs and songwriting prowess helped propel AC/DC to global stardom, making them one of the best-selling music acts of all time.

What Was Malcolm Young's Net Worth?

At the time of his death on November 18, 2017, Malcolm Young's net worth was estimated to be around $130 million. This substantial wealth was primarily amassed through his decades-long career with AC/DC, including album sales, royalties, and extensive world tours.

Key Sources of Income

  • Album Sales and Royalties: AC/DC's albums, such as "Back in Black" and "Highway to Hell," achieved massive commercial success. Malcolm Young earned significant royalties from these sales as a key songwriter and performer.
  • Touring: AC/DC was renowned for its high-energy live performances. Touring was a major revenue stream for the band and its members, including Malcolm.
  • Songwriting Credits: Malcolm Young co-wrote many of AC/DC's biggest hits with his brother Angus Young. These songwriting credits provided a continuous stream of income through royalties.
  • Merchandise: AC/DC's merchandise, including clothing, accessories, and memorabilia, contributed to the band's overall revenue, benefiting Malcolm as a band member.

Early Life and Career Beginnings

Born on January 6, 1953, in Glasgow, Scotland, Malcolm Mitchell Young moved to Australia with his family in 1963. He started playing guitar at a young age and, along with his younger brother Angus, formed AC/DC in 1973 in Sydney. The band quickly gained a following in Australia before achieving international success in the late 1970s.

AC/DC's Rise to Fame

AC/DC's breakthrough came with the album "Highway to Hell" in 1979, which reached the top 20 in the United States. However, tragedy struck when lead singer Bon Scott died in 1980. The band rebounded with Brian Johnson as the new vocalist and released "Back in Black" in 1980, which became one of the best-selling albums of all time.

Malcolm's Impact on AC/DC

Malcolm Young's contribution to AC/DC cannot be overstated. His powerful rhythm guitar playing and songwriting formed the backbone of the band's sound. He was known for his disciplined work ethic and dedication to the band's musical direction.

Health Issues and Later Years

In 2014, Malcolm Young was diagnosed with dementia and took a leave of absence from AC/DC. He was replaced by his nephew Stevie Young. Malcolm officially retired from the band later that year. His health issues marked a challenging period for both him and the band.

Legacy

Malcolm Young's legacy as a rock icon is secure. His contributions to AC/DC helped shape the landscape of rock music. He is remembered not only for his musical talent but also for his unwavering commitment to the band. Although he is no longer with us, his music continues to inspire and entertain millions of fans worldwide. His influence on rock music remains profound, ensuring his place in music history for generations to come.

Final Thoughts

Malcolm Young's $130 million net worth reflects his successful career and lasting impact on the music industry. His hard work, talent, and dedication to AC/DC made him a legend. His story is a testament to the power of music and the enduring appeal of rock and roll.