Peter Nygard Is Still Alive And In Prison: How Rich Is The Nygrd International Founder?

Nygard International is one of the renowned brands in the appeal industry. Unfortunately, Peter Nygard, the founder of the business, is currently in prison in his 80s. 

The police detained the fashion mogul on multiple charges following sexual misconduct and human trafficking. As a result, netizens are trying to have further insights into his crime. Many documentaries are available, but one about his current situation is yet to be aired. 

Peter Nygard Is Still Alive And In Prison: Where Is He Today?

Peter Nygard is alive at age 81 and is serving for his crimes in prison. Canadian police arrested him in Winnipeg, Manitoba, in late 2020. The detention was possible under the countries’ extradition treaty. He is still in jail after the denial of his bail by the court in January. 

 Further, he is to be extradited to the United States to face some more charges related to sexual crimes. But this will be possible only after his running criminal case is completed in Canada, as stated by ABC News. 

The Federal justice minister of Canada, David Lametti, wrote on Twitter that the imprisoned fashion mogul would be surrendered for extradition US only after proceedings against him in a Toronto court were finished. 

What Happened To Peter Nygard?

Peter was accused of many charges, including long-term trafficking, racketeering, and sexual assault. The FBI raided his office in 2020 in New York City before being charged with all the allegations. 

However, he was officially arrested later that year for racketeering and human trafficking involving minors. Toronto police also charged him with multiple counts of sexual assault. Further, he got allegedly summoned for forcible confinement for the incidents from mid 980s to mid-2000s. 

The Bahamian police started investigating six sexual assault charges against Peter on November 24, 2019. The victims were all minors. [13] On January 27, 2020, Nygard was accused of sexual assault and was the target of two different lawsuits. 

On February 13, 2020, ten women filed a class-action lawsuit in New York, accusing the fashion associate of sexually assaulting them at his Bahamas home.

Peter Nygard Net Worth 2022

As stated by Celebrity Net Worth, Peter Nygard has an impressive net worth of $900 million as a Finnish-Canadian fashion executive. He was able to earn a fortune after founding a Canadian-based women’s clothing manufacturing brand Nygard International. He was also the chairman of the business. 

Also, Canadian Business Magazine estimated his net worth was $750 million in 2009. Then it made him the 70th richest Canadian in the world. It all started in 1967 when he opened his apparel manufacturing company under his last name, Nygard. 

It started its business by producing sportswear. With time they expanded to the US in 1978. At today’s date, its main headquarter is in Manhattan’s Time Square, but the founder, Peter, is in prison. 

Nygard International generates revenue of $500 million annually and has employed over 12,000 people throughout the globe, with over 200 retail stores operating in North America. The company’s products can be found in Walmart, Costco, Dillard’s, and more. 

Peter Nygård Documentary Netflix

As many network channels documented, Peter Nygard’s documentary is already on-air. In addition, his story was shown on Amazon: Prime Video, an OTT platform similar to Netflix. 

Unseamly: The Investigation of Peter Nygard was the title of the unscripted documentary. Season one of the online series was released on 2021 and restricted to adults only.  

In the short description of the series, the series examines the accusations women had placed on him, calling themselves his victims. He was also accused of human trafficking and sexual assault on over 80 women, which he has denied. 

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