How Rich Is Peter Nygard? Net Worth, Career, Salary

Peter Nygard, a Canadian fashion magnate, gained millions before gaining a reputation as a predator for his heinous actions, including s*x trafficking and r*pe, which ultimately helped him get the big money. The new Starz documentary, Evil by Design: Exposing Peter Nygard, follows his arrest in December 2020 in Winnipeg on charges of r*pe and forced detention.

Nygard is accused of preying on women and young girls throughout the United States, Canada, and the Bahamas for more than four decades, starting in the late 1980s. According to reports, the number of persons on the list of victims might possibly approach hundreds. Nygard routinely silenced women who sought to speak out, using his wealth and power. The three-part documentary, which is set to premiere on Starz on Friday, August 12, 2022, will reveal the disgraced fashion magnate and former CEO of the multibillion-dollar corporation’s decades-long exploitation. Let’s take a look at Nygard’s life before the release of the documentary Evil by Design: Exposing Peter Nygard.

Peter Nygard’s Net Worth

Peter Nygard, a Canadian-Finnish fashion legend worth $900 million, built his wealth as the founder and chairman of the Canadian firm Nygard International, which manufactures women’s clothing. According to sources, his net worth in 2009 was believed to be $750 million, making him the 70th-richest Canadian in the world. His net worth is now estimated to be $900 million.

Peter Nygard

How did Nygard amass so much money?

Peter Nygard founded his own clothing brand, Nygard, in 1967, primarily making sports equipment until the company expanded to the United States in 1978. The company, now known as Nygard International, is headquartered in New York City’s busy Times Square. As a consequence of its success, the firm has grown to become a significant worldwide player in the women’s fashion sector, with annual sales of $500 million. Nygard International employs twelve thousand people worldwide, and the firm has two hundred retail stores in North America alone, with retailers such as Dillard’s, Walmart, Costco, and others offering the brand’s goods.

Peter is a vocal supporter of breast cancer research, in addition to making major financial donations to the Canadian Breast Cancer Foundation. He has also assisted the Bahamas Amateur Boxing Federation team and was a part of their Olympic win. He is said to have 10 children from eight different moms.

Peter Nygard

Discussing the current situation and allegations that Peter Nygard is facing

Ten women filed a civil class-action lawsuit against Nygard in February 2020, alleging him of r*pes that allegedly occurred at his oceanfront house in the Bahamas. He was accused of operating an s*x trafficking network and enlisting minor females, some of whom were under the age of 16, in his recruiting efforts. The wealthy has vehemently denied the allegations, claiming that they are the result of a hate campaign sponsored and orchestrated by his Bahamian neighbor, millionaire Louis Bacon. He also claimed that they had been in a long-running feud.

He would fly in females from all around the world to join his sumptuous events. According to a New York Times investigation, he was joined on the trip by women who referred to themselves as his “paid girlfriends.” It was also found that Nygard’s workers had a list of over 700 ladies who were available for last-minute invites to events.

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