Peter Nygard is a Finnish-Canadian businessman known as a former fashion executive. In this write-up, we will discuss details of Peter Nygard’s age, wife, net worth, children, and height.
Who is Peter Nygard?
Peter Nygard was born in Helsinki, Finland, on July 24, 1941. His parents immigrated to Deloraine, Manitoba, Canada, in 1952, when Nygard was around eleven years old. In 1964, Nygård graduated from the University of North Dakota with a business degree.
Nygard established Nygard Apparel Manufacturing Company, later rebranded Nygard International, in Winnipeg in 1967. The company’s Canadian headquarters were located on King Street in Toronto, Ontario, while its world headquarters were located in Times Square, New York, New York, United States. Times Square was also the location of Nygard’s fashion concept retail store, which opened on Friday, November 6, 2009. Nygard’s personal net-worth was estimated at $900 million in 2020.
In February 2020, the headquarters of Nygard International were raided as part of a sex trafficking investigation against Nygard by the Federal Bureau of Investigation (FBI). After these, Nygard announced that he would step down from the company and divest his ownership interest.
In March 2020, a judge said that there was no evidence Nygard had actually resigned and that he still owned 100% of the shares of the Nygard group of companies. The company filed for Chapter 15 bankruptcy in New York on March 18, 2020, and a Manitoba judge ordered a group of Nygard companies into receivership the following day. On April 30, a Canadian judge authorized an accounting firm to sell off part of the business.
In 2005, Nygard attempted to solve a parking overflow problem at Nygård Cay by installing a large concrete slab on Louis Bacon’s property. Bacon sought and obtained a court injunction to remove it. In 2007, Bacon, annoyed by the noise at Nygard’s house, installed industrial-grade speakers at the edge of his property and pointed them at Nygard’s house. From 2007 onwards, the dispute escalated to include 16 legal actions between Nygard, Louis Bacon and their associates.
In the summer of 2010, Bacon’s house was raided by Bahamian police, leading to the confiscation of the speakers. Bacon claimed it was the work of Nygard, a claim he denied. Vanity Fair reported that Nygard also used fake news sites to smear Bacon. In January 2015, Bacon filed a defamation lawsuit against Nygard over these claims.
A New York judge awarded Louis Bacon more than $203 million on May 5, 2023, in damages. The court order said that Nygard had conducted a global smear campaign over almost a decade, saying that it was “a deliberate plan by Nygard to personally and professionally destroy Bacon”.
Peter Nygard Age, How old is Peter Nygard?
Peter Nygard is 82 years old. He was born on July 24, 1948, in Helsinki, Finland.
What is Peter Nygard net worth?
Peter Nygard purchased a beach bungalow for $1.76 million in 1984. In 1987, Nygard built a 14,000-square-meter (150,000 sqft) compound at Lyford Cay in the Bahamas. On April 14, 2010, Nygard announced he was planning a $50 million renovation of Nygård Cay, which would take two years to complete and repair the damage and employ 200 construction workers. Currently, he has an estimated net worth in the region of $900 million.
Peter Nygard’s children and wife
Peter Nygard’s wife has been a topic of discussion for many who are interested in knowing much about his personal life. Nygard has ten children and eight women.