Peter Nygard is a Canadian fashion mogul and a self-made millionaire. He is the founder of Nygard International, a company that makes women’s wear. He serves as the Chairman of the company, which is considered to be the largest fashion house in Canada. Today, Peter Nygard is one of the richest people in Canada with an estimated net worth of $994 million. He is currently ranked on the list of top 100 wealthiest Canadians, which means that he is indeed one of most financially successful people in the country.
Nygard was born in 1943 in Helsinki, Finland. He and his parents relocated to Canada in 1952, but moved to Winnipeg shortly after. He graduated with a business degree from the University of North Dakota, and since then he has been given a number of awards. It was in 1967 that Nygard decided to utilize his life savings and an additional loan to acquire 20 percent of a manufacturer of women’s clothing. A couple of years later, he had managed to acquire the entire company, renaming it to Nygard International.
Nygard is also a passionate philanthropist, and he has contributed generously to a number of charities. One of the charitable organizations he has supported is the Canadian Breast Cancer Foundation. He has also been a longtime supporter of amateur sports in the Bahamas. The business tycoon who is in his seventies has seven children.