"Wheel of Fortune" is a song by Swedish pop group Ace of Base, and also their debut single. It was first released in the Nordics in April 1992 through Danish Mega Records as the first single from the album Happy Nation. It was re-released worldwide in April 1993 after the success of "All That She Wants".

The original version's music video was directed by Viking Nielson featuring all four original members.

The 2009 re-recording was the first and only single released by the band as a trio. For this version, the label decided not to shoot a video for the song. However, a promo video was published on 21 October 2008 on the band's official website. Similar to their 1998 single "Always Have Always Will", the video completely consists of live footage from their Redefined tour and video footage from a photoshoot. The edit used in the video is a combination of the radio and album versions, lasting at 3:15 minutes.

The 1992 version failed to reach the singles chart on its first two releases, but when it was re-released a third time in September, it eventually reached number two. After the success of "All That She Wants" in the United Kingdom, it was released as the second UK single and it reached number 20 in the UK Singles Chart in August 1993.

Prior to the official release of the song, a live version of the song entered the charts at #2 in Brazilian radio station Emboabas FM on 3 December 2007. The song entered the Radio Aachen chart in Germany at #26 on 15 December 2007. It also entered the Euro WebCharts at #5 in the last week of 2007 and eventually reached #1.

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Cover Version In 1993, Hong Kong singer Shirley Kwan covered this song in Cantonese.

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