Swedish guitarist, composer, multi-instrumentalist and bandleader,Yngwie Johann Malmsteen has an estimated net worth of $7.5 million.
Yngwie Malmsteen is arguably the most technically accomplished hard rock guitarist to emerge during the ’80s. Combining a dazzling technique honed over years of obsessive practice with a love for such classical composers as Bach, Beethoven, and Paganini, Malmsteen’s distinctively Baroque, gothic compositional style and lightning-fast arpeggiated solos rewrote the book on heavy metal guitar.
His largely instrumental debut album, Rising Force, immediately upped the ante for aspiring hard rock guitarists and has provided the major catalyst for the ’80s guitar phenomenon known as “shredding,” in which the music’s main focus was on impossibly fast, demanding licks rather than songwriting. Malmsteen released a series of albums over the course of the ’80s that, aside from slight differences in approach and execution, were strongly similar to Rising Force, and critics charged him with showing little artistic progression. He was also reviled as an egotist whose emphasis on blazing technique ultimately made for boring, mechanical, masturbatory music with no room for subtlety or emotion.