Peter J. Nygård was born on July 24, 1941 in Helsinki, Finland. He was rated the 70th richest Canadian by Canadian Business Magazine in 2009 with a net worth of USD 817 million. In 1987, Nyg Swedish built a 14,000-square-metre compound at Lyford Cay in the Bahamas.
About Peter Nygård in brief
Peter J. Nygård was born on July 24, 1941 in Helsinki, Finland. He was rated the 70th richest Canadian by Canadian Business Magazine in 2009 with a net worth of USD 817 million. He resigned as chairman in February 2020 after FBI raided company headquarters in its investigation of sex trafficking accusations against him by multiple women. The company filed for Chapter 15 Bankruptcy in New York on March 18, 2020 and a Manitoba judge has ordered a group of NyGård companies into receivership on March 19, 2020. In 1987, Nyg Swedish built a 14,000-square-metre compound at Lyford Cay in the Bahamas.
The house has been featured in the Lifestyles of the Rich and Famous television series and has been described as a resort with guests paying USD 42,000 a night in 2009 to stay there. Prominent figures have visited Nygard Cay over the years include Michael Jackson, George H. W. Bush, Robert De Niro, and Prince Andrew, Duke of York. On September 28, 2018, the Supreme Court of the Bahamas seized the property as part of a legal battle surrounding Nyg Norwegian’s efforts to dredge the sea floor around the estate.
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This page is based on the article Peter Nygård published in Wikipedia (as of Dec. 21, 2020) and was automatically summarized using artificial intelligence.
