Malcolm Young Net Worth 2020, Biography, Career and Death.
Malcolm Young Net Worth 2020 – Malcolm Young is one of the founding members of the classic hard rock band ‘AC/DC’. A retired musician and songwriter, Malcolm was a quintessential pillar of the band until his retirement in 2014.
Though some may argue that Angus Young, his brother, is the main attraction during the AC/DC concert, none can deny that it is Malcolm who has given AC/DC its soul and defined its sound.
Malcolm Mitchell Young was born on January 6, 1953 in Glasglow, Scotland, UK to William and Margaret Young. He was the sixth child of his parents.
Malcolm was ten years old, when his family shifted base to Sydney, Australia. Soon, he earned the reputation as a schoolyard brawler. Leaving school, he started working as a machine maintenance engineer for a bra company.
Malcolm’s tryst with music, especially guitar started early in life. He was in school when he first picked up a guitar. Talented as he was, he soon progressed from playing acoustic guitar to an electric one, taking tips from his brother George, who was a member of the band Easybeats.
Malcolm’s health deteriorated in 2014 so much so that by April he became seriously ill and was unable to perform. Though Johnson claimed that the absence was only temporary until Malcolm’s health improved, in September, it was revealed that Malcolm had officially retired and wouldn’t be joining the band in future.
Early on in his career, Malcolm Young started playing guitar in local bands. In 1971, he joined Australian band Velvet Underground. Though the band underwent a number of line-up changes, they never quite made an impact.
In 1979, AC/DC came up with their first international breakthrough album ‘Highway to Hell’. It became the first AC/DC album to break into the US top 100, eventually reaching #17.
Following ‘Highway to Hell’, AC/DC’s popularity rose tremendously. They became known for their high-energy live performances and a string of successful albums.
In 1979, AC/DC collaborated with ‘Mutt’ Lange for a record deal. However, just when everything looked perfect, the band suffered from a major blow. Bon Scott, the band’s lead singer, died due to alcohol poisoning.
The news came in as a shock and left them jolted and traumatized. Recovering from it, they soon regrouped replacing Scott with Brian Johnson.
Keeping up with the success story, the band released their most anticipated album ‘Back in Black’ in 1980. As expected the album did give them the breakthrough and proved to be the magnum opus of their career. It was also the first project after Scott’s death and the first with Johnson as the lead singer.
Selling more than 50 million copies, it went on to become the second-highest-selling album in history. ‘Back in Black’ is included amongst the ‘greatest’ albums list. The ensuing world tour was also extremely successful and cemented their position in the global music industry.
Following the blockbuster success of ‘Back in Black’ there was no stopping AC/DC. Their next album ‘For those About to Rock We Salute You’ became the first album to reach the #1 spot at the US charts. The super successful graph met with a sudden halt in the coming years as their work failed to make an impression or create magic.
After a dull phase, AC/DC bounced back with their album ‘Blow Up Your Mind’ in 1988. The album reached the #2 position at the charts. It received positive reception from the critics and the audience alike.
Malcolm was a part of the consequent World Tour that started in February but soon he took a leave of absence. He had realized that his alcohol addiction had worsened and fearing to follow Scott’s footsteps, he backed out so as to address his drinking problems. His place in the band was temporarily filled up by his nephew, Stevie Young.
In 1994, Malcolm together with Angus and Rudd indulged in jam sessions. Consequently, they started working on their next album ‘Ballbreaker’ that was released in 1995. In 1997, they came up with ‘Bonfire’ followed by ‘Stiff Upper Lip’ in 2000.
In 2008, AC/DC came up with their first studio album since ‘Stiff Upper Lip’ titled ‘Black Ice’. The album became a phenomenal hit, debuting at #1 position in 29 countries.
It further became Columbia Records’ biggest debut album. The success of the album helped it bag a multi-platinum certification across eight countries. They followed it with their first live album—‘Live at River Plate’—in 20 years.
At the time of his death, Malcolm Young had a net worth of $100 million dollars. His nephew Stevie Young filled up Malcolm’s place permanently.
He ultimately died on November 18, 2017 at the age of 64. He is survived by his wife Linda Young and their two children, Cara and Ross.