Tributes are being paid to AC/DC co-founder Malcolm Young, who's died at the age of 64.

A statement on the rock band's website has confirmed he passed away peacefully, surrounded by his family after suffering from dementia for several years. 

AC/DC recorded 17 studio albums - and racked up hits including You Shook Me All Night Long, Highway To Hell and Back In Black.

In a statement, his brother Angus has described him as 'very special' and says he will 'leave behind an enormous legacy that will live on forever'.

He was married with two children and three grandchildren.

American punk group Dropkick Murphys has described him as a 'fine example as any to rhythm guitarists everywhere'.

Whitesnake frontman David Coverdale says Malcolm will be 'truly missed'.

Rock Legend Ozzy Osbourne joined others in paying his respects to the star on Twitter: 

So sad to learn of the passing of yet another friend, Malcolm Young. He will be sadly missed. God Bless @ACDC pic.twitter.com/HuEp3kCuyQ

— Ozzy Osbourne (@OzzyOsbourne) November 18, 2017