Bjorn Ulvaeus is a Swedish musician and composer best known as a member of the ABBA supergroup. Ulvaeus and Benny Andersson continued to make music together after ABBA disbanded, and they are still working today.

Bjorn and his second wife, Lena Kallersjo, earned a sizable wealth throughout their 40 years of marriage. The pair separated earlier this year, though. So what happened between Lena and Bjorn Ulvaeus? And how did they divide their substantial wealth? Here is what he is up to right now.

On April 25, 1945, Bjorn Ulvaeus was born in Gothenburg, Sweden. His family relocated to the little village of Vastervik when he was six years old. Bjorn believed he wasn’t as popular as he wanted to be in his early years. Bjorn and his mother, whom the young child adored, got along well. Even though Bjorn’s father wasn’t as close, Bjorn still loved him.

It is believed that Ulvaeus’ musical DNA came from his musically talented father. At an early age, Bjorn received a guitar and began to play. Those around him rapidly recognized his natural talent for music, and he soon developed a passion for rock ‘n’ roll and skiffle.

He joined the West Bay Singers, a folk ensemble, at the start of the 1960s. The group’s participation in a Swedish radio talent competition in 1963 led to the discovery of the group by publisher and songwriter Stig Anderson and his partner Bengt Bernhag. The group changed its name to the Hootenanny Singers, and in 1964 they performed a tour of Sweden on traditional park stages.

Bjorn Ulvaeus was still performing in Sweden two years after his breakthrough popularity. During one of these tours, he met Benny Andersson, a member of The Hep Stars, in the little town of Falkoping.

They decided to work together going forward and compose all of their songs. They went on to collaborate to produce some of the most well-known pop songs of the 20th century.

The musicians that made up ABBA were incredibly gifted and helped shape music history. Benny and Bjorn started collaborating on songs right away and got along well. They released Isn’t It Easy To Say as the first track on their debut album, Lycka, in 1970.

Agnetha Faltskog and Anne-Frid Lyngstad, two incredibly gifted vocalists who both appeared on the record as background singers, were introduced to the pair. Benny had fallen in love with Anni-Frid, and Bjorn and Agnetha’s relationship wasn’t the only beginning to take shape inside the group.

Following the publication of Lycka in 1972, Bjorn Ulvaeus, Agnetha Faltskog, Benny Andersson, and Anni-Frid Lyngstad, four incredibly skilled musicians, started collaborating.

People Need Love was the song they recorded. However, it was only moderately successful in Sweden. The group decided to participate in Melodifestivalen, the Swedish version of the Eurovision Song Contest, and their song Ring, Ring, which helped them come third in the contest.

Ring, Ring enjoyed commercial success in many European nations, which helped the group gain prominence and ultimately took home the Melodifestivalen trophy.

They decided to compete in Eurovision the following year with a brand-new song called Waterloo, becoming the first group to win the contest. ABBA was born.

Bjorn and Lena announced their divorce earlier this year. Bjorn has a net worth of almost $300 million because of the success of ABBA and his other ventures.

When they were divorced, the press learned about the settlement. In 2013, Bjorn and Lena agreed to a post-nuptial contract that stipulated how their “matrimonial property” would be divided evenly in the case of divorce.

It’s crucial to remember that all parties engaged in a divorce should be happy with the resolution. The minimum amount of Bjorn and Lena’s joint account must always be around $20 million, as stipulated in their contract, to get an equal payout.

The agreement further stipulates that the parties must share all movables, household goods, artwork, and cars. Nobody wants a divorce, but in the end, what matters most is that both parties are happy with the outcome. I send my warmest wishes to Lena and Bjorn Ulvaeus for the future.