Musician Malcolm Young was known as a member of iconic Australian rock band AC/DC. Thanks to phenomenal success of this group, Young’s wealth reached incredible height. At the time of his death in 2017, his total net worth is about $92 million. Together with his Angus and Georgo, Young’s appeared on the list if Top 50 wealthiest families in the world with joint net worth of $225 million.
How Did Malcolm Young Get So Rich?
Malcolm was born 6 January 1953 in Glasgow, Scotland. He became a part of band The Velvet Underground. But when they broke up, Young co-founded AC/DC. He was their rhythm guitarist, backing vocalist and also a songwriter. They became legends of hard rock. Some of their memorable studio albums are High Voltage, Highway to Hell, and Fly on the Wall.
He married his girlfriend Linda. . Malcolm and Linda have two kids, Ross and Cara. In 2014, Young was treated for dementia. After that, he decided to retire permanently from his musical career.
In 2015, news got out that Malcolm is buying a luxurious waterfront real estate property in one of Sydney’s affluent suburbs, Palm Beach. He paid incredible $7.9 million (AUD 10 million) for this lovely house. That’s definitely a very nice place for retirement.
