Fashion mogul's ageing process 'reversed'

A billionaire fashion designer says he is literally getting younger because of a stem cell treatment that reverses the ageing process.

Born in Finland but now living in the Bahamas, Peter Nygard, 70, has been taking stem cells for four years, the Bahamas Tribune reports.

"Stem cells are being used for anti-ageing and the University of Miami is doing a study about that to prove that it is true," he said.

"They are looking at me, and my markers have shown exactly that I have been actually reversing my ageing and getting younger."

The fashion mogul has invested millions in research in stem cell therapy and has been lobbying politicians to pass new legislation about it in the Bahamas.

"I started stem cells when I wanted to find a cure for my mother who I loved very much and western medicine was not able to cure her, and if I had discovered stem cells a year before, I think that she would still be here with me," he told the Freeport News.

He is now building a stem cell research facility in the Bahamas.