Malcolm Young AC/DC
Malcolm Young of AC/DC in 2010 Wikimedia/Pandemonium73

Malcolm Young, legendary Australian guitarist and AC/DC co-founder, has died aged 64. He passed on Saturday (17 November) surrounded by his family following a long battle with dementia.

"It is with deepest sorrow that we inform you of the death of Malcolm Young, beloved husband, father, grandfather and brother," a statement by the family said.

"Malcom has been suffering from dementia for several years and passed away peacefully on Saturday with his family by his bedside."

The statement continued: "Renowned for his musical prowess, Malcom was a songwriter, guitarist, performer, producer and visionary who inspired many.

"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. Nothing less would do for their fans."

Young retired from AC/DC in 2014 and was replaced by his nephew, Stevie Young.

AC/DC paid tribute to Young on their Facebook page. His brother and fellow AC/DC founder, Angus wrote: "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."

Young is survived by his wife Linda, children Cara and Ross, son-in-law Josh, three grandchildren, a sister and a brother. The family thanked fans for their "overwhelming support and heartfelt condolences" but asked for privacy "during this time of heartbreak and grief".

Fans wanting to send messages to the family are directed to the Sydney Morning Herald tribute site, which is set to be available later.