Jacob Wayne Young was born in Renton, Washington, the youngest child of Rhonda and Michael Young, Sr. and was raised in Loveland, Colorado, and Roy, Washington, moving to San Diego, California at age seventeen with his mother. His parents divorced and his mother remarried to Edward Vasquez. He has one older brother and two sisters.
Young portrayed Rick Forrester on the CBS soap The Bold and the Beautiful from December 31, 1997 to September 15, 1999. He was nominated for a Daytime Emmy Award as Outstanding Younger Actor in a Drama Series in 1999. Young later portrayed Lucky Spencer on General Hospital for three years from February 25, 2000 until February 10, 2003. In 2001, he was named "Sexiest Soap Star" by People magazine. In 2002, he won a Daytime Emmy Award for Outstanding Younger Actor in a Drama Series for his role as Lucky Spencer on General Hospital
Young portrayed JR Chandler on All My Children from October 1, 2003 to September 23, 2011. In 2005, he was again nominated for a Daytime Emmy Award as Outstanding Younger Actor, and in 2009 he was nominated for Outstanding Supporting Actor in a Drama Series.

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