Peter Nygard is fashion designer and founder of Nygard International, a Winnipeg based company. He was rated as the 70 th richest canadian by Canadian Business Magazine.
In 2020 He resigned as chairman in 2020 after the FBI raided the company headquarters as part of its investigation into multiple women’s allegations of sex trafficking against him.
In 2021, he was charged by Toronto police for his sexual assaults, rapes.
Peter Nygard was born on 24 July , 1941 in Helsinki. His real name is Pekka Juhani Nygard. He did his graduation in business from Univesity of North Dakota .
Nygard began working as a sales manager for Jacob Fashions, a woman’s clothing manufacturer. A few weeks later, Nygard used his life savings of $8,000 and a loan to buy 20% of the company from the founder, Nathan Jacob. Several years later, Nygard purchased the remainder of the company from Jacob’s daughters and renamed it Tan Jay.
Nygard, a clothing manufacturing company, was founded in Winnipeg, Manitoba in 1967. Its Canadian headquarters are now located in Toronto, Ontario, and its global headquarters are located in Times Square, New York.
Nygard built a 150,000-square-foot (14,000-square-meter) compound on Lyford Cay in the Bahamas in 1987. On November 10, 2009, a fire partially destroyed it. The architecture of the Cay is influenced by the Mayan civilization. One of the major structures is a 32,000-square-foot grand hall with a 100,000-pound glass ceiling.
Nygard announced on April 14, 2010, that he was planning a $50 million renovation of Nygard Cay that would take two years to complete and repair the damage and would employ 200 construction workers. However, the Bahamian prime minister’s office rejected his construction application, citing improper property expansion through intentional accretion of land over the seabed.
The Supreme Court of the Bahamas seized Nygard Cay on September 28, 2018, as part of a legal battle over Nygard’s efforts to dredge the sea floor around the estate.
The New York Times was caught up in the feud between Peter Nygard and Louis Bacon in September 2019.
On November 15, 2019, a Bahamas judge sentenced Nygard to 90 days in prison and fined him $150,000 for violating a court order prohibiting the disclosure of emails stolen from a non-profit group.
On November 24, 2019, Bahamas police began an investigation into six rape allegations levelled against Nygard. (All of the alleged victims are under the age of 16.)
Nygard stepped down as chairman of Nygard International on February 25, 2020, after their headquarters were raided in connection with sex trafficking allegations.
On March 18, 2020, the company filed for Chapter 15 bankruptcy in New York, and on March 19, 2020, a Manitoba judge placed a group of Nygard companies under receivership.
On the 30th of April, 2020 A Canadian judge has authorised an accounting firm to sell and liquidate a portion of its business empire.
Peter Nygard was married to model Anna Nicole Smith, an American model, actress and television personality. But after three year of marriage they wrap up their relationship. They had crossed paths in the year 2001. And on February 8, 2007, at the age of 39, she breathed her last. Her death was caused by an accidental overdose of the drug.
Peter Nygard had ten children with various ladies. Patricia Bickle and Kaarina Pakka are two of Peter Nygard’s children’s mothers. Former model Kaarina Pakka filed a child support case in 2002 and was eventually successful. Angelica Szczepaniak is another lady on the list.
Bianca Nygard, Alia Nygard Daneault, Kai Zen Bickle Nygard, Mika Nygard, Jessar Nygard, Scarlet Nygard, Xar Nygard, and Trey Nygard are some of his children’s names.
Suelyn Medeiros was the last girlfriend with whom Peter Nygard was romantically engaged before his arrest. She is a former Playboy model and supermodel. Suelyn Medeiros was the last girlfriend with whom Peter Nygard was romantically engaged before his arrest. She is a former Playboy model and supermodel.
Age, Height, Weight
Peter Nygard is 81 year old man as of today’s date 26 May 2022. He stands 5 ft 8 inches tall and weight is 80 kg around.
Net Worth and Salary of Peter Nygard
As per sources his monthly income atleast 10 million.His estimated net worth is $900 million as of year 2022. He also sponsored Amateur Boxing Federation of the Bahamas team.