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Doug Burgum net worth: How North Dakota governor made his millions

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Doug Burgum net worth: How North Dakota governor made his millions


Analysts think Doug Burgum could be named as former President Donald Trump’s running mate, sparking widespread interest in the North Dakota governor’s life, career, background and finances.

The 67-year-old has governed the state since 2016, but before entering politics he was a well-known businessman and led a software company that was acquired by Microsoft for more than $1 billion. Other business interests boosted his bank balance too; he spent millions on his own White House bid last year, briefly trying to run against Trump before dropping his plans and throwing his weight behind the former president.

Now Burgum’s name has been cited by several political commentators compiling lists about who may be chosen as Trump’s for Republican vice presidential candidate and bookmakers have said the odds are firmly in his favor. Being awarded the role would automatically create a favorite for the 2028 Republican nominee for president if Trump were to win and complete his second allowed term.

North Dakota Governor Doug Burgum visits “The Big Money Show” at Fox Business Network Studios on June 13 in New York City. Burgum could be named as former President Donald Trump’s running mate, sparking widespread…


Steven Ferdman/Getty Images

With just weeks to go until the GOP convention, political news outlet The Hill said Burgum was in the top three “most likely” contenders, along with senators J.D. Vance of Ohio and Marco Rubio of Florida.

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Business magazine Forbes estimated last November that Burgum is a worth $100 million “at least.” The magazine said he is worth much more than his financial disclosures would suggest, though, because some of his riches are likely to have been disbursed in trusts for his three grown children.

The governor had relatively humble beginnings, working in his family’s grain elevator business through school and college at North Dakota State University, then becoming a chimney sweep before entering an MBA program at Stanford University.

Following the $1.1 billion sale of Great Plains Software in 2001 to the tech giant, Burgum became a senior vice president at Microsoft and was awarded more than 1.7 million Microsoft shares, which then were worth roughly $100 million, according to Forbes. He later left the firm and over the coming decades sold stock regularly as well as undergoing a costly divorce from his first wife, meaning that today the Microsoft stock is just a tiny fraction of his overall portfolio and is worth up to a $1 million.

But Burgum branched out into a string of other business ventures. He has also worked in real estate development and venture capital.

Some analysts have said money is a key factor playing to Burgum’s advantage because he appears to have been modeled in Trump’s own image. He has “two things Trump wants: a fat wallet and thick hair,” Bloomberg columnist and former political reporter Patricia Lopez joked in an opinion piece on Sunday.

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While the Associated Press said: “Trump likes rich people. North Dakota’s two-term governor is most definitely rich.” Burgum and his wife, Kathryn, who are said to be extremely friendly with Trump and his team, would bring “money and rich friends to the table.”

Burgum has remained tight-lipped about the VP situation, but he has been a regular face on TV screens as he campaigns for Trump.

Trump told reporters in Philadelphia this weekend that he had chosen who he wanted to join him on the Republican ticket for November’s election but added that he had not yet revealed his choice to anyone.

Newsweek has reached out to Burgum via the governor’s office seeking further information and comment.

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Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.



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North Dakota Outdoors: Look back at ND spearfishing

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North Dakota Outdoors: Look back at ND spearfishing


Submitted Photo
Decoying a pike isn’t the same as decoying ducks or holding a draw on a deer. Photo by Ashley Peterson, NDGF.

Have you ever been darkhouse spearfishing for pike? It’s relatively new compared to most outdoor recreation, having started a mere 25 years ago, but for those who have taken the opportunity it’s hard to compare.

I remember the first time I went spearfishing at Spiritwood Lake. Sitting still in a darkhouse was like nothing I’d ever done before. I’m no expert but when the first northern drifted into the decoy as I sat undetected, I locked up. Not surprisingly, I missed it.

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Maybe it’s close to the thrill of calling turkeys into a decoy? Others might describe the rush like sitting undetected in a tree stand archery hunting for deer. I can attest it’s a rush of its own unique draw.

Decoying a pike isn’t the same as decoying ducks or holding a draw on a deer. None of those take place in the middle of a frozen lake with nothing but ice and cold water between you and the pike.

If you’ve ever watched a pike come in and attack a decoy, it’s incomparable. To get to that point is not easy. The combination of cold, snow and dark could be why the popularity of darkhouse spearfishing hasn’t, and likely never will, rival the sun, waves and water of summer fishing?

Looking at last year’s spearfishing statistics prove how a warmer winter with poor ice conditions results in lower participation and success.

Greg Power fisheries division chief highlights a few notes:

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– 3,109 individuals registered – 2,018 residents, 1,091 nonresidents from 29 states including 716 from Minnesota (23%); despite an open winter, the number of registrants were similar to the previous winter, which was greatly impacted by extreme cold weather and snowfall.

– 9,181 northern pike were harvested, the lowest number since 2010-11 and less than one-third of that harvested in 2017-18 (the record year).

– Average spearer was 42.8 years old and 88% were male.

– Survey respondents indicated participation in DHSF on a record 138 water bodies (up 32 from 2021-22).

– DHSF effort of the top 15 lakes accounted for nearly 75% of the effort with Sakakawea accounting for about 35% of the total effort (which basically equaled the effort of the next 10 water bodies).

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– Top 14 lakes accounted for more than 73% of the DHSF pike harvest with Sakakawea accounting for 28% of the total harvest. The top four waters (Sakakawea, Devils Lake, Twin (LaMoure) and Horsehead lakes) accounted for 56% of the total pike harvest.

– Median and mean weights of the largest pike reported harvested by respondents were 10 and 10.5 pounds respectively. These metrics are the highest ever recorded.

– 2022-23 was the first winter that the taking of walleye (in addition to pike and rough fish) during DHSF was legal for Devils Lake, Stump Lake and the Missouri River System including lakes Sakakawea and Oahe. For this past winter (23-24), the following number of spearers harvested the following number of walleye: Sakakawea (88 spearers and 218 walleye), Devils Lake (26 spearers and 54 walleye), Missouri River (three spearers and three walleye) and Stump Lake(one spearer and one walleye).

2024-25 ND darkhouse spearing

Individuals required to possess a valid fishing license (age 16 and older) to darkhouse spearfish must first register online at the North Dakota Game and Fish Department website, gf.nd.gov.

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Darkhouse spearing is allowed for all anglers with a valid fishing license and for youth under age 16.

Northern pike and nongame fish are the only legal species statewide, while walleye can be speared at Stump Lake and the Devils Lake complex south of U.S. Highway 2 and the Missouri River System (including lakes Oahe and Sakakawea and the Missouri River) up to the first tributary bridge.

Spearers and anglers are reminded that materials used to mark holes must be in possession as soon as a hole greater than 10 inches in diameter is made in the ice.

Registration and full details can be found on the Game and Fish Department’s website.



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Nelson County farmer credited with saving men from freezing to death after crash

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Nelson County farmer credited with saving men from freezing to death after crash


MCVILLE, N.D. — Nobody knows the land around North Dakota better than farmers, and that knowledge proved critical after a bizarre car crash in Nelson County.

Sheriff Kurt Schwind said an unnamed farmer’s help was lifesaving after rescue crews called off an initial search for the occupants of the vehicle and nearly halted a second one.

If the second search had been called off, Schwind said, two men likely would have frozen to death.

County dispatch received the call about the crash around 6 a.m. on Dec. 9; the caller became disconnected.

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“Says he was sleeping, he was in the car with a couple guys, he was sleeping, woke up they were gone, the vehicle was crashed so he started walking,” Schwind said.

The call came from a refurbished phone, so officers were not able to call the person back, but a cellphone ping brought them to the farmstead.

Bodycam footage obtained by WDAY shows a Nelson County sheriff’s deputy talking with the farmer, who was curious about all of the police activity on his property.

After searching for about an hour and a half, police called off the search until sunrise.

“It was so dark and we had some blowing snow and stuff like that, so it was really hard to see anything at that point,” Schwind said.

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When the sheriff returned after sunrise, the farmer showed him something.

“That’s when the landowner realized that this gate had been broken through,” Schwind said.

The tracks the farmer and police followed for a half-mile through a cow pasture were still visible days later. A wire fence was also driven through. It led investigators to the top of a ravine, and several hundred feet below, they spotted a four-door car.

“How they got through there with that BMW is amazing, because we had to use four-wheel drive, and we struggled getting down there,” Schwind said.

At about the same time, Schwind found the man who called 911. He had climbed the ravine and sought shelter in some hay. He had no shoes or coat. He told police he was alone.

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“He was in bad shape. As soon as I got him into my vehicle, he had uncontrollable shivering; he was very incoherent,” Schwind said.

As the sheriff raced the man to the hospital, the farmer, who had stayed at the top of the ravine, made another key discovery.

“He got his binoculars out and saw him sitting in the trees,” Schwind said of another man.

It took rescue crews nearly an hour to rescue the second man. According to WDAY StormTRACKER meteorologists, the wind chill was below zero.

“I think if the landowner wouldn’t have met me back over here, that we would have been recovering as opposed to finding,” Schwind said.

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The sheriff said the men were traveling from Grand Forks to Devils Lake, but it’s unclear how long they were in the ravine and how they ended up several miles off the main road.

“They both had phones that had charges left in them,” Schwind said. “For some reason, they didn’t call — they only called that one time and didn’t call again.”

While WDAY News was talking with the sheriff for this story, a deputy found a jacket, boots and phone a couple hundred feet from where the first man was found in the hay. What looked like methamphetamine was found in a pill container in the jacket pocket.

The Nelson County Sheriff’s Office plans on presenting the farmer with an award for his lifesaving help.

The Sheriff’s Office is still investigating to determine if the men will face charges.

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McVille is about 67 miles southwest of Grand Forks.

Matt Henson is an Emmy award-winning reporter/photographer/editor for WDAY. Prior to joining WDAY in 2019, Matt was the main anchor at WDAZ in Grand Forks for four years.





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North Dakota sets new population record as state approaches 800,000 residents

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North Dakota sets new population record as state approaches 800,000 residents


BISMARCK — North Dakota’s population count is gaining momentum as it reaches a record of 796,568 in 2024, an increase of over 7,500 people since last year and more than 2% since 2020, according to census data.

According to population estimates released Thursday, Dec. 19, by the

U.S. Census Bureau,

Cass County exceeded the 200,000-resident mark by 945 people and Burleigh County hovered over 100,000 residents with a count of 103,107.

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The two counties combined accounted for over 58% of the state’s growth in the last year.

“People continue to discover North Dakota’s abundant job opportunities, low taxes, strong education and health care systems, and unmatched quality of life with world-class outdoor recreation, hunting and fishing,” Gov. Kelly Armstrong said in a Thursday release.

The release also noted a net population increase of more than 18% since 2010, calling North Dakota one of the fastest-growing states in the country, though the Midwest overall had the lowest net population increase.

Regional population changes in 2024.

Contributed / U.S. Census Bureau

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Most of the 43 states that grew in 2024 were southern states.

North Dakota’s population rise is part of a nationwide trend the Census Bureau attributes broadly to international migration and “natural increase” — when births outnumber deaths.

North Dakota had a natural increase of 2,725, with 6,867 deaths and 9,592 births in 2024.

While the state lost nearly 300 people to domestic migration, it gained 5,126 people by international migration for a net gain of 4,835 people moving into the state in 2024.

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121924.PopulationChangeByState

Population change by state in 2024.

Contributed / U.S. Census Bureau

The U.S. population surpassed 340 million and grew by nearly a full percent between 2023 and 2024, the highest growth in decades, according to U.S. Census Bureau data. Nearly 84% of the nation’s 3.3 million new residents are associated with international migration.

Natural increase accounted for about 15.6% of national growth in the U.S. in 2024, with 519,000 more births than deaths — up from the historic low in 2021 when births outpaced deaths by 146,000.

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“An annual growth rate of 1.0% is higher than what we’ve seen over recent years but well within historical norms,” Census Bureau Demographer Kristie Wilder

said in a Thursday release.

“What stands out is the diminishing role of natural increase over the last five years, as net international migration has become the primary driver of the nation’s growth.”

Since the last Census release, the bureau adjusted its migration estimate to account for a “notable” increase in “non-U.S.-born immigration” — the number of refugees, people released by U.S. Border Patrol and by those held on parole by the U.S. Customs and Border Protection Office of Field Operations.

As a result, the 2024 international migration totals appear inflated in retrospective comparison to totals from previous years.

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North Dakota officials see “legal immigration” as an opportunity to address statewide workforce shortages,

as recent population growth isn’t enough to fill the state’s nearly 30,000 job vacancies.

“We look forward to working with the state Legislature in the upcoming session to set North Dakota up for even greater success and population growth, including addressing much-needed property tax reform and relief,” Armstrong said in the Thursday release.

Peyton Haug

Peyton Haug joined The Forum as the Bismarck correspondent in June 2024. She interned with the Duluth News Tribune as a reporting intern in 2022 while earning bachelor’s degrees in journalism and geography at the University of Minnesota Duluth. Reach Peyton at phaug@forumcomm.com.
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