It was there he formed the band with fellow guitarist brother Angus, in 1973.
More from the post: "With enormous dedication and commitment he was the driving force behind the band".
The group AC/DC has lost one of its founders.
"Today it is with deep heartfelt sadness that AC/DC has to announce the passing of Malcolm Young", the statement read. "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". In a statement to Australian website SBS, the band said that Malcolm died peacefully on Saturday with his family beside him. "From the outset, he knew what he wanted to achieve and, along with his younger brother, took to the world stage giving their all at every show".
"He was older than me - I always looked up to him", Angus Young said of his brother in an interview a year ago with Rolling Stone Magazine, saying he was "always one to battle through". He leaves behind an enormous legacy that will live on forever.
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The famous rock band Queen's glam pictures.
Van Halen called Saturday, the day AC/DC announced Young's death, "a sad day in rock and roll". Rubin added, "I'll go on record as saying they're the greatest Rock & Roll band of all time".
Young was born in Scotland but moved to Australia with his family in 1963.
But it was the 1979 studio album, "Highway to Hell", that propelled the band to hard rock fame.
His two children, Ross and Cara, and three grandchildren survive him. The albums were produced by brother George and his songwriting partner Harry Vanda, who brought out the pop sensibilities in the band's crushing template.