Peter Nygard : Family, Net Worth, Parents, Wife, Children, Education and Controversy

Peter Nygard is a Finnish-Canadian fashion executive know all about him in this article as like his Family, Net Worth, Parents, Wife, Children, Education and Controversy

Peter Nygard : Family, Net Worth, Parents, Wife, Children, Education and Controversy
Peter Nygard
  Bio
Name Peter Nygard
Birthdate ( Age) 24 July 1941 
Place of Birth Helsinki, Finland
Nationality Finnish-Canadian
Marital Status  Married
Spouse/Partner Anna Nicole Smith (1998–2001)
Children Bianca NygårdKai Zen BickleTrey NygardXar NygårdMika NygårdJessar NygårdScarlet NygårdÅliå Nygård
Parents Hilkka NygårdEeli Nygård
Education Not Known
Profession Finnish-Canadian executive
Net Worth $900 Million
Last Update October 2021

Peter J. Nygård is a Finnish-Canadian fashion executive. In 1967, he founded Nygård International, a company that made women's apparel.

In 2020, Nygård was investigated on charges of sex trafficking, rape and racketeering charges, and resigned as chairman after the FBI raided his New York offices. Later that year, he was formally charged and was arrested on sex trafficking and racketeering charges included a charge of sex trafficking a minor.

Early Life and Family

Nygard was born on July 24, 1941, in Helsinki, Finland, to parents who immigrated to Deloraine, Manitoba, Canada in 1952.In 1964, he graduated from the University of North Dakota with a business degree

Peter Nygard Wife

Peter Nygard Married several times and he has ten children with eight women.He was previously married to Carol Knight in the  1970s. Likewise, he even dated fellow actress Anna Nicole Smith from 1998 to 2001. Interestingly, he is a father of seven children split around four different women.

Peter Nygard Net Worth

Peter Nygard a Finnish-Canadian fashion executive founded Nygard International, a company that made women's apparel has an estimated Net Worth around $900 Million in 2021.

Professional Career

Nygard apparel manufacturing company was founded in 1967 in Winnipeg, Manitoba. Its Canadian headquarters was located on King Street in Toronto, with its world headquarters in Times Square, New York.Nygards fashion concept retail store opened in Times Square in Manhattan on Friday, November 6, 2009.

On February 25, 2020, Nygard resigned as chairman of Nygard International, after its headquarters was raided by the FBI because of sex trafficking allegations against him.The company filed for Chapter 15 Bankruptcy in New York on March 18, 2020and a Manitoba judge ordered a group of Nygård companies into receivership on March 19, 2020. On April 30, 2020, a Canadian judge gave the green light to an accounting firm to sell and liquidate part of the business empire.

Controvervy

Peter Nygard has consented to extradition to the US, where he faces sex trafficking and racketeering charges, lawyers for the prosecution and defence said at a hearing on Friday.Separately, Toronto police service issued a statement saying it had an arrest warrant for Nygard on six charges of sexual assault and three charges of forcible confinement between 1987 and 2006.

Canada’s justice minister still must decide whether to extradite Nygard.US authorities accuse Nygard, 80, of using his businesses to lure women and girls in the US, Canada and the Bahamas since 1995 to sexually gratify himself and his associates – accusations he denies.The crown prosecutor Scott Farlinger told a Winnipeg courtroom that Nygard had agreed to extradition, which his lawyer, Brian Greenspan, confirmed.

Extradition allowed Nygard to mount his defence at trial in the US, Greenspan said, noting his client “has always unequivocally maintained his innocence of any wrongdoing”.Nygard appeared from jail via video link, with his long grey hair pulled back from his face, wearing a blue mask and a jacket with the collar pulled over his ears. He spoke briefly to confirm that he understood the significance of agreeing to extradition.

The court of Queen’s bench chief justice, Glenn Joyal, told Nygard his transfer could not happen for at least 30 days and he had the right to apply for bail pending the justice minister’s decision on extradition.

The minister could consider that Nygard was wanted in Canada, said Gerard Kennedy, an assistant law professor at the University of Manitoba. One option was to extradite him on the understanding that the US return Nygard to Canada to face charges, Kennedy said.

David Lametti is Canada’s justice minister, but the Canandian prime minister, Justin Trudeau, plans to name a new cabinet this month after Canada’s election.Canadian police arrested Nygard in Winnipeg in December at the US government’s request under the countries’ extradition treaty.Born in Finland, Nygard grew up in Manitoba, eventually running his namesake clothing companies and becoming one of Canada’s wealthiest people.