There was a time when Peter Nygard worked in fashion. He is Finnish-Canadian. Nygard International, which he started in 1967, is his business. It is his company. Women’s clothes are made by the company. He owns a lot of land and has money in a lot of businesses. For up until February 2020, he was the CEO of Nygard International. After the FBI searched the firm’s headquarters to find out about the sex trafficking allegations against him, he resigned from the company. Several women said that he was a sex trafficker. His arrest will take place at some point in December 2020. He will be charged with sex trafficking and other crimes. People have accused Nygard, who worked for the U.S. government, of rape and sexual harassment. He has also been accused of child sex trafficking, conspiring to kill, tax evasion, and abusive labor practices, among other things.

Peter Nygard Net Worth 2020:

Peter Nygard is a business tycoon, and he started and runs Nygard International, which is owned and run by his company. The company sells billions of dollars worth of women’s clothes every year. During March 2020, the company filed for Chapter 15 bankruptcy in the state of New York. According to Canadian Business Magazine, he was the 70th richest Canadian in 2009. He had a net worth of $817 million at the time. However, he has been charged and sued for things that have hurt his business. A lot of people have sued him for things like sex trafficking and rape.

A 14,000-square-meter island called Nygard Cay was built by him in 1987. It looks like a building from the Mayan civilization because it has 3,000 square meters of space. Almost all of it was destroyed by fire in November 2009. People who have been famous have been to Nygard Cay. Some people who stayed at the property in 2009 paid $42,000 a night to stay there. It has been called a resort. In September 2018, the Supreme Court of the Bahamas took over Nygard Cay, which was owned by the United States. The Cay was taken as part of a legal fight over Nygard’s plans to dig up the seabed around his home.

There are a lot of things that will happen to his wealth by 2020.

What is Peter Nygard Famous For?

• Founder and former chairman of Nygard International.
• Arrested on sex trafficking and racketeering charges in December 2020.

Where is Peter Nygard from?

On July 24, 1941, Peter Nygard was born. Pekka Juhani Nygard is his given name. Helsinki, Finland, is where he was born. He is a dual citizen of Finland and Canada. He was born to Eeli Nygard, a father, and Hilkka Nygard, a mother. In 1952, his parents moved to Canada. His parents, bakers, started selling in Deloraine, Manitoba. The family relocated to Winnipeg, Manitoba. He is of Caucasian ethnicity and follows the Christian faith. Leo is his zodiac sign. Pirjo-Liisa Nygard Johnson is his younger sister.

His educational background includes a degree from the University of North Dakota. In 1964, he earned a business degree from the University of North Dakota.

Peter Nygard Career:

• Nygard started working for women’s clothing manufacturer, Jacob Fashions in December 1967.
• He started working as a sales manager for the company’s new jeans line.
• Peter used his life savings of $8,000 and an additional loan to purchase 20% of the company.
• Peter brought the rest of the company from Jacob’s daughters after a few years. He renamed the company, Tan Jay.
• He founded Nygard International in 1967 in Winnipeg, Manitoba. The company manufactures women’s apparel.
• The Canadian headquarter of the company is located on King Street in Toronto.
• Its world headquarter is located in Times Square, New York.
• His concept retail store opened in Time Square in Manhattan in November 2009.
• He stepped down as chairman of Nygard International in February 2020 after the FBI and NYPD raided the company’s New York headquarters in ties with sex trafficking allegations.
• The company filed for Chapter 15 Bankruptcy in New York in March 2020.
• A Canadian judge gave green light to an accounting firm to sell and liquidate part of the business empire in April 2020.

Peter Nygard Legal Issues, Lawsuits

• Peter Nygard has faced several legal issues in his life. He has been accused of abusive labor practices, tax evasion, sexual harassment, sex trafficking, conspiring to murder, and rape.
• Peter had a 12-year legal battle in New York federal court after he took over a sportswear designer’s business in New York City in 1978.
• He was charged with the rape of an 18-year-old girl by Winnipeg authorities in 1980. The girl refused to testify. It was claimed that Nygard paid her off not to testify.
• In the late 1990s, he settled sexual harassment complaints by three former employees in Manitoba.
• He battled a defamation lawsuit with Linda Lampenius from 1999 to 2001. Lampanius settled the lawsuit including a public apology in the newspaper, Ilta-Sanomat.
• He faced a lawsuit by an American couple from 2003 to 2007. The couple sued him claiming that he deceived them into accepting jobs as managers of his Bahamas estate. The case was settled in 2007.
• Nygard lost the slander lawsuit against Alma Media, the parent company of the Finnish newspaper Iltalehti. The newspaper had published an article about sex parties at Nygard’s mansion.
• He was subjected to taxes on an unreported $2 million in 2006. The Canadian tax authorities claimed he underreported $15 million in taxes.
• Nygard settled a lawsuit with his former girlfriend in 2008 who sued her for slamming a door on her hand.
• He launched a lawsuit against CBC in 2012 regarding copyright issues about private videos taken at his residence.

Arrest

• FBI was investigating Nygard in 2015 and 2017 over sex trafficking claims.
• US Department of Homeland Security investigated him in 2016.
• He was sentenced to 90 days in prison in November 2019 after he was found breaching a court order prohibiting the disclosure of emails that were stolen from a non-profit group. He was fined $150,000 as well.
• Bahamas police began investigating Nygard of six rape allegations against him in November 2019. The victims were reported under 16.
• He faced two separate sexual assault lawsuits in January 2020.
• 10 women including 8 underaged filed a class action against Nygard in New York in February 2020. They alleged Nygard that he raped them at his Bahamas residence and maintained a sex-trafficking ring as well.
• Two of his sons sued him in August 2020 accusing him of directing a known sex worker said to be “his girlfriend” to rape them.
• It was reported in December 2020 that Instagram model Suelyn Medeiros and Warren & Baram Management LLC were named as alleged co-conspirators in Peter Nygard’s alleged sex trafficking scheme in 2 separate lawsuits.
• He was eventually arrested on 15 December 2020 in Winnipeg under the Extradition Act. Earlier in February 2020, his company’s headquarters was raided by the FBI in connection to sex trafficking claims.

Peter Nygard Wife:

Peter Nygard is single right now. He has only been married once. It was in the 1970s when they married for a short amount of time. With a lot of different women. He has seven children from four different women. It’s a boy and girl family: Bianca is a girl, Xar is a boy and a girl named Scarlet, and Alia is a girl and a boy named Kai.

He has dated Anna Nicole Smith before, but she isn’t one of the women he used to date now. People say Nygar and Anna were romantically linked between 1998 and 2001. She was a model and actress at the time. Anna died in 2007 after taking too much heroin.

Peter Nygard Charities:

• Peter Nygard is known for his charitable works. He has contributed to the Canadian Breast Cancer Foundation.
• Peter has been a longtime sponsor of amateur sports in the Bahamas, including several Amateur Boxing events.
• He held the “2011 National Family Island Regatta” at Nygard Cay in April 2011. It honored Bahamian musician “King” Eric Gibson.
• He donated $10,000 to Josie Poitier, a member of Old Holy Redeemer Catholic Church, during a Passover/Good Friday breakfast/brunch in April 2011.

 Height:

Peter Nygard is approximately 1.77 m tall, or 5 feet and 8 inches tall. He weighs roughly 172 pounds, or 78 kilograms. He is of ordinary height and physique. His eyes are blue, and his hair is a greyish white tint. He has a straight sexual orientation.

Quick Facts: