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By Julia Glum
April 27, 2018
Picture taken in 1974 in Stockholm shows the Swedish pop group Abba with its members (L-R) Benny Andersson, Anni-Frid Lyngstad, Agnetha Faltskog and Bjorn Ulvaeus posing after winning the Swedish branch of the Eurovision Song Contest with their song  Waterloo . Sweden's legendary disco group ABBA announced on April 27, 2018 that they have reunited to record two new songs, 35 years after their last single. The quartet split up in 1982 after dominating the disco scene for more than a decade with hits like  Waterloo ,  Dancing Queen ,  Mamma Mia  and  Super Trouper .
Picture taken in 1974 in Stockholm shows the Swedish pop group Abba with its members (L-R) Benny Andersson, Anni-Frid Lyngstad, Agnetha Faltskog and Bjorn Ulvaeus posing after winning the Swedish branch of the Eurovision Song Contest with their song "Waterloo". Sweden's legendary disco group ABBA announced on April 27, 2018 that they have reunited to record two new songs, 35 years after their last single. The quartet split up in 1982 after dominating the disco scene for more than a decade with hits like "Waterloo", "Dancing Queen", "Mamma Mia" and "Super Trouper".
Olle Lindeborg—AFP/Getty Images

Swedish pop band ABBA announced an unlikely comeback Friday, where they will release two new songs for the first time in 35 years — and that likely means the musicians are about to come into even more money, money, money.

Gone are the days when Benny Andersson, Anni-Frid Lyngstad, Agnetha Fältskog and Björn Ulvaeus could complain “there never seems to be a single penny left for me.” Thanks to a series of financial decisions starting in the ’70s and ’80s, the band members are all pretty well off.

Lyngstad, for example, married a prince and upon his death inherited a small fortune of £75million, or about $103 million, according to the Sun. Meanwhile, Andersson is one of Sweden’s 184 billionaires — according to Veckans Affärer, he’s worth about 1.5 billion krona ($170 million).

So just how rich are they? Here’s what we know about ABBA’s finances then and now.

Then: Costumes, Clogs and Companies

The band’s early days certainly has some fascinating money stories.

For instance, ABBA is famous for wearing over-the-top outfits — think bell-bottom overalls, bright go-go boots and rhinestone-studded shirts — but there was actually a financial perk that inspired the members to wear crazy clothes. In Abba: The Official Photo Book, the band admitted that it took advantage of tax laws that let the members write off costumes as long as they were “so outrageous they could not possibly be worn on the street,” as the Guardian reported.

The band was also once paid in oil rights for a performance in the Soviet Union.

Once they blew up, ABBA developed an empire of sorts. With its manager, Stig Anderson, the band controlled several big companies, among them Polar Music International and Harlekin, according to an article from 1980 in the now-defunct magazine High Fidelity. They made money off of everything from art galleries to clogs.

Eventually, ABBA was competing with Volvo to become Sweden’s No. 1 export.

“We control 100 percent: publishing, record royalties, production money. It’s all split between the family, so you cover the costs, and after that it’s all profit,” Anderson told the magazine said at the time. “We don’t want to mix up music with money, but money always follows success and someone must take care of it.”

Now: Hating Cash But Making Bank

These days, Andersson and Ulvaeus derive a lot of income from their involvement with the London-based company Littlestar, which oversees the rights to the ABBA-inspired musical Mamma Mia! In 2015, the duo reportedly made £3.1 million, or about $4.3 million, in royalties and other dividends from the show.

Weirdly enough, Ulvaeus is actually an anti-cash crusader. After his son was robbed in 2008, he began fighting the concept of paper money as a way to shut down the market for stolen items. Ulvaeus gave up paying cash completely in 2011, according to Wired, and the ABBA museum doesn’t take it at all. There’s even a sign there with a quote from him saying, “We could and should be the first cashless society in the world.”

(Ulvaeus did, at one point, run into some trouble with tax authorities, though he ultimately cleared it up.)

The member whose net worth is hardest to pin down is Fältskog, with online estimates ranging from about $5.5 million to $200 million. However, she has spoken out about money recently, telling the Radio Times in 2014 that the band had rejected a $1 billion offer to reunite because it involved a 250-show tour.

It’s not clear how much ABBA is getting paid for its new songs this time around. But the band did say the material was recorded after the band approved a deal to tour as holograms of their younger selves. The hilariously named ABBAtars will perform on TV this year and later go on tour.

Here we go again.

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Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

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