“ABBA set to reach £1 billion net worth nearly 50 years after winning Eurovision with Waterloo”

ABBA, the iconic Swedish pop group, is set to be worth £1 billion nearly 50 years after winning Eurovision with Waterloo. The band members Agnetha Faltskog, Bjorn Ulvaeus, Benny Andersson, and Anni-Frid Lyngstad, now in their 70s, are sending their London virtual concert show, ABBA Voyage, on a world tour. The group has earned a staggering £1 billion from various spin-offs, including royalties from music sales and ABBA-related theatre, film, TV and music. ABBA’s museum in Stockholm has generated £100 million since it opened a decade ago, and the majority shareholder in Mamma Mia! The Party, Bjorn Ulvaeus, combines a meal with the band’s hits, giving fans the opportunity to experience their music in a unique way. ABBA’s legacy continues with the upcoming ITV talent show, Mamma Mia! I Have A Dream, in which performers will compete to star in the ABBA musical in the West End, earning royalties for the band from the music used.