Pekka Juhani Nygard (born July 24, 1941) is a Finnish-Canadian fashion businessman and alleged rapist. Nygard International, a Winnipeg-based women’s fashion brand, was founded by him in 1967. After the Federal Bureau of Investigation (FBI) raided his company’s offices in New York City in 2020, Nygard was charged with long-term sex trafficking, rape, and racketeering. Later that year, he was charged with sex trafficking and racketeering, as well as claims of sex trafficking involving minors, and was jailed.
Nygard was charged by Toronto police in October 2021 with many counts of sexual assault and forcible confinement in instances that occurred between the mid-1980s and the mid-2000s; Nygrd has been accused of sexual misconduct since 1968.
Early Years of Peter Nygard
Peter Nygard was born in the Finnish city of Helsinki. It’s unclear when he was born. It was either 1941 or 1943 at the time. Peter’s parents, Eeli and Hikka, were bakers who moved to Canada when he was a toddler in 1952. They ended up settling in Winnipeg. Nygard earned a bachelor’s degree in business administration from the University of North Dakota in 1964.
One of his first jobs after graduating from college was as a sales manager for Jacobs Fashions’ new line of women’s jeans. Peter bought a 20% ownership in the company from its founder Nathan Jacob in 1967 with his life savings, $8,000, plus a loan. Within a few years, Peter had completely bought out Nathan and renamed the company, Tan Jay.
The success of Peter Nygard
In 1967, he started his own clothing manufacturing company, simply known as “Nygard.” They used to make sportswear when they first started out. The corporation began expanding in the United States in 1978.
The corporation is currently known as “Nygard International,” and its headquarters are located in Manhattan’s Times Square. The company has developed to become one of the world’s largest producers and suppliers of women’s clothes. The corporation has a revenue of more than $500 million every year. Nygard International is a global company with 12,000 employees and 200 retail locations in North America. Dillard’s, Walmart, Costco, and other retailers carry its merchandise.
Peter is a strong advocate for breast cancer research and has given generously to the Canadian Breast Cancer Foundation. He has also backed the Bahamas team of the Amateur Boxing Federation and helped them achieve Olympic triumph. He is thought to have ten offspring from eight different women.
Peter Nygard’s Net Worth Is Estimated to Be in The Millions of Dollars
Peter Nygard has a Net Worth of $900 Million and is a Finnish-Canadian fashion executive. He made his money as the founder and chairman of Nygard International, a women’s clothing manufacturer based in Canada. His net worth was estimated to be $750 million in 2009 by Canadian Business Magazine. At the time, he was the 70th richest Canadian in the world. Mr. Nygard’s net worth is currently estimated to be $900 million.
Peter is the owner of at least two private airplanes, both Boeing 727s with his name painted across the body.
Ten women filed a civil class-action complaint against Peter in February 2020, accusing him of rapes that allegedly occurred at his seaside property in the Bahamas. He is suspected of running a sex trafficking organization and recruiting women under the age of 16 through acquaintances (the legal age of consent in the Bahamas).
Nygard has categorically refuted the allegations, stating that they are the result of a smear campaign paid for and directed by his Bahamian neighbor, hedge fund millionaire Louis Bacon, with whom he has had a long-running rivalry.
For expensive parties, he would fly in women from all over the world. According to a New York Times investigation, he travels with a group of ladies who describe themselves as “paid girlfriends.” Nygard’s staff, according to the same probe, kept a list of over 700 ladies on hand who might be invited to parties at any time.
According to the New York Times, Peter calls women’s bottoms “toilets” and was once overheard saying, “Do you see those toilets?” while looking at a gathering of ladies with whom he had not yet had intercourse.
Personal Life of Peter Nygard
Nygard is married to eight women and has ten children. Nygard has a long history of supporting amateur sports in the Bahamas. He was the major sponsor of the Bahamas Amateur Boxing Federation team for the Continental Elite Boxing Championships invitation-only event in Quito, Ecuador, in June 2010.
Nygard was arrested in Winnipeg, Canada, on December 15, 2020, under the Extradition Act. He was in custody as of February 2021, pending extradition proceedings and possible extradition to the United States.
Nygard received Queen Elizabeth II, Diamond Jubilee Medal, in 2012. In 2002, Nygrd’s hometown of Deloraine, Manitoba, installed a commemorative plaque and named a park after him. After Nygard was jailed for sex trafficking and rape in May 2020, the park’s name was changed to Prairie Sentinels Park.
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