He wrote: "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", the band said. Thank goodness and the rock gods that that's the only thing he ever did peacefully - and that he played the guitar as though peace were a foreign concept indeed.
The group signed with Atlantic Records in 1976 - they played New York's punk mecca CBGB on their first US tour - and their reputation grew quickly as albums followed in rapid succession: "Dirty Deeds Done Dirt Cheap", "Let There Be Rock", "Power Age".
Young, along with his brother Angus, founded the legendary rock band in 1975 in Australia.
Malcolm started getting treatment during his last tour with the band from 2008 to 2010 and during which he had to relearn the very riffs he'd come up with.
His brother George died just weeks ago at the age of 70.
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"He was older than me - I always looked up to him", Angus Young said of his brother in an interview previous year with Rolling Stone Magazine, saying he was "always one to battle through".
Young's fellow musicians, as well as rock n' roll fans, voiced their condolences Saturday on Twitter. That's when it kind of, you know, hit me. In its materials, the Hall of Fame called the band's music "scorched-earth, metallic hard rock which has rarely deviated from a template of headbanging-inducing guitar riffs, flashy drums and banshee-yell vocals".
One of the founding members of AC/DC, among the best-selling bands in recorded music history, died Saturday. By 1980, AC/DC was working on what became its breakthrough album, Back in Black, when Scott died of acute alcohol poisoning. He was replaced by Brian Johnson.
AC/DC also paid tribute via their Facebook page.
After "Back in Black", the band eased into a global superstardom that would continue for the next three decades. Still, the band remained a formidable touring force and continued to pack in giant crowds across the globe, its crushing sound and simple lyrics needing no translation. Young had been living with dementia for the past three years, and his struggle with the disease saw his nephew, Stevie, take Young's spot for the band's last promotional tour in 2014.
"It is a sad day in rock and roll", van Halen wrote.
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