Yngwie Malmsteen (birth name: Lars Johan Yngve Lannerbäck) is a Swedish based guitarist as well as a bandleader, who is best recognised for initially getting fame in the 1980s on account of his neoclassical metal playing style within heavy metal. Let’s find out how much is Yngwie Malmsteen’s net worth in 2018.
Yngwie Malmsteen was born in the year 1963 in Stockholm, located in Sweden. He is known to be the third child belonging from a musical family. When he was of age ten, he has made his initial band entitled “Track on Earth”, which includes himself and one friend belonging from school performing on the drums.
When he was of age twelve, he has accepted his mom’s maiden name, i.e. Malmsten in the form of his surname, then somewhat altered it to Malmsteen as well as changed his third offered name Yngve to “Yngwie.”
When he was a teenager, he got greatly affected by classical music; specifically in the 19th century based violinist-composer named Niccolò Paganini, and even found out his greatest significant guitar influence, i.e. Ritchie Blackmore. Moreover, he too mentions Uli Jon Roth as well as Brian May as noteworthy influences.
Yngwie Malmsteen started off his career during early 1982 (when he was of age 18), when Mike Varney from Shrapnel Records, who had listened to a demo tape of him playing from 1978 entitled Demo Powerhouse, conveyed Malmsteen to the US.
Moreover, he has also played shortly with Steeler on the share of its year 1983 self-titled album, later performed along with Graham Bonnet within a band named Alcatrazz, its 1983 debut entitled No Parole from Rock ‘n’ Roll, as well as 1984 live album entitled Live Sentence.
Also in the year 1984, he has launched his initial solo album entitled Rising Force, which presented Barrie Barlow from Jethro Tull on drums and keyboard player named Jens Johansson.
During the era of the early 1990s, he has launched the albums namely Eclipse, The Yngwie Malmsteen Collection, Fire & Ice and The Seventh Sign. Notwithstanding his initial and continuous success perceived in Asia and Europe, by early 1990s heavy metal styles, like neoclassical metal as well as shredding had turned as out of fashion inside the US.
In the year 2003, he has also joined Joe Satriani as well as Steve Vai as a portion of the G3 supergroup, known as a tour depicting guitar performances. In the year 2007, he was revered in the Xbox 360 version made for Guitar Hero II. Moreover, players can get the “Yngwie Malmsteen” award through hitting 1000 or higher notes in series.
Awards & Achievements
Rising Force won him Guitar Player Magazine’s award on account of Best Rock Album, and it was too nominated for a Grammy intended for ‘Best Rock Instrumental’, attaining no. 60 right on the Billboard album chart.
Net Worth of Yngwie Malmsteen
Yngwie Malmsteen has an estimated net worth of $12 Million. He makes his fortune from his career as a guitarist and as a bandleader.
His performing style appears much similar compared to more famous “rock gods,” however he is usually regarded as a top artist within his field, as well as a true rock master playing on a technical level.
During the era of the 80s and 90s, he got high fame in Europe as well as Asia after his style of “shredding” guitar solos was developed unfashionable in the US. This guitarist’s initial solo album originated in the year 1984 and from that point onwards, he started earning high.
The album entitled Rising Force was basically considered to be an instrumental side project. However, it ultimately developed to a full-fledged solo album for him, adding to his income.
Yngwie Malmsteen persists in playing live music as well as launch successful studio and also compilation albums to the present day. His fame is high, and this can be acknowledged as in the year 2009, Time magazine mentioned him as among the 10 greatest electric guitar players of all time.