He "passed away peacefully with his family by his bedside."
April 2014, Malcolm AC/DC had announced Malcolm would take a break from the band. Later in September the band revealed Malcolm had dementia. Malcolm's nephew, Stevie Young, toured and recorded with the group in his place.
Malcolm's last appearance with his band was in 2010 in Bilbao, Spain
Angus had told Rolling Stone there had been signs, his brother's condition was deteriorating for at least six years, even before the 2008 album Black Ice was made. Also Malcolm was having problems with his memory and concentration.
As The New York Times noted in 2008, "Since 1991, when Nielsen SoundScan started tracking music sales, this Australian band has sold 26.4 million albums, second only to The Beatles in catalog sales, and more than The Rolling Stones or Led Zeppelin."
AC/DC was inducted into the Rock & Roll Hall of Fame in 2003
On AC/DC website posted:---------
Today it is with deep heartfelt sadness that AC/DC has to announce the passing of Malcolm Young.
Malcolm, along with Angus, was the founder and creator of AC/DC.
With enormous dedication and commitment he was the driving force behind the band.
As a guitarist, songwriter and visionary he was a perfectionist and a unique man.
He always stuck to his guns and did and said exactly what he wanted.
He took great pride in all that he endeavored.
His loyalty to the fans was unsurpassed.
As his brother it is hard to express in words what he has meant to me during my life, the bond we had was unique and very special.
He leaves behind an enormous legacy that will live on forever.
Malcolm, job well done.
Malcolm is survived by his wife, Linda, and their children Ross and Cara.
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