[3] Stikkan Erik Leopold Anderson was born on 25 January 1931 in Hova, Sweden,[1] the son of a single mother named Ester.

[citation needed] By the late 1960s, Anderson was the manager and producer of Björn Ulvaeus and Benny Andersson, who would become the two main songwriters of ABBA.

[6] He shared the ownership with Benny Andersson, Björn Ulvaeus and Michael B. Tretow, the main sound engineer for the company.

At the same time, he also managed the investment of funds and the enormous financial incomes of Polar Music, holding the majority of stocks.

In the mid-1980s, a considerable part of ABBA's fortune was lost by mismanagement, bad investments, high demands for tax and the rise of credit rates.

[citation needed] In 1982, Anni-Frid Lyngstad had sold all the shares in the Polar Music company given to her by Anderson, as she moved abroad.

In 1998, PolyGram was in turn sold to Seagram and merged into what is now one of the Big Three record labels, the Universal Music Group, the company that holds the rights to the entire ABBA back catalogue.

Anderson Records released Anni-Frid Lyngstad's Swedish comeback album Djupa andetag in 1996, as well as Michael B. Tretow's Greatest Hits in 1999.