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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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Wheeler-Thomas scores 21 as North Dakota State knocks off Cal State Bakersfield 80-69

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Wheeler-Thomas scores 21 as North Dakota State knocks off Cal State Bakersfield 80-69


BAKERSFIELD, Calif. (AP) — Damari Wheeler-Thomas’ 21 points helped North Dakota State defeat Cal State Bakersfield 80-69 on Thursday.

Wheeler-Thomas had three steals for the Bison (8-3). Markhi Strickland scored 15 points while shooting 6 of 11 from the field and 3 for 6 from the free-throw line and grabbed five rebounds. Andy Stefonowicz went 4 of 7 from the field (3 for 4 from 3-point range) to finish with 13 points.

Ron Jessamy led the way for the Roadrunners (4-7) with 18 points, six rebounds, two steals and four blocks. CJ Hardy added 13 points. Jaden Alexander also recorded eight points and two steals.

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.



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Scientists discover ancient river-dwelling mosasaur in North Dakota

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Scientists discover ancient river-dwelling mosasaur in North Dakota


Some 66 million years ago, a city bus-sized terrifying predator prowled a prehistoric river in what is now North Dakota. 

This finding is based on the analysis of a single mosasaur tooth conducted by an international team of researchers from the United States, Sweden, and the Netherlands. 

The tooth came from a prognathodontine mosasaur — a reptile reaching up to 11 meters long. This makes it an apex predator on par with the largest killer whales.

It shows that massive mosasaurs successfully adapted to life in rivers right up until their extinction.

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The mosasaur tooth was found in 2022 in the Bismarck Area, North Dakota. Credit: Melanie During 

Isotope analysis

Dating from 98 to 66 million years ago, abundant mosasaur fossils have been uncovered in marine deposits across North America, Europe, and Africa.

However, these marine reptile fossils have been rarely found in North Dakota before. 

In this new study, the large mosasaur tooth was unearthed in a fluvial deposit (river sediment) in North Dakota. 

Its neighbors in the dirt were just as compelling: a tooth from a Tyrannosaurus rex and a crocodylian jawbone. Interestingly, all these fossilized remains came from a similar age, around 66 million years old. 

This unusual gathering — sea monster, land dinosaur, and river croc — raised an intriguing question: If the mosasaur was a sea creature, how did its remains end up in an inland river?

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The answer lay in the chemistry of the tooth enamel. Using advanced isotope analysis at the Vrije Universiteit in Amsterdam, the team compared the chemical composition of the mosasaur tooth with its neighbors.

The key was the ratio of oxygen isotopes. 

The mosasaur teeth contained a higher proportion of the lighter oxygen isotope than is typical for mosasaurs living in saltwater. This specific isotopic signature, along with the strontium isotope ratio, strongly suggests that the mosasaur lived in a freshwater habitat.

Analysis also revealed that the mosasaur did not dive as deep as many of its marine relatives and may have fed on unusual prey, such as drowned dinosaurs. 

The isotope signatures indicated that this mosasaur had inhabited this freshwater riverine environment. When we looked at two additional mosasaur teeth found nearby, slightly older sites in North Dakota, we saw similar freshwater signatures. These analyses show that mosasaurs lived in riverine environments in the final million years before going extinct,” explained Melanie During, the study author.

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Transformation of the Seaway

The adaptation occurred during the final million years of the Cretaceous period.

It is hypothesized that the mosasaurs were adapting to an enormous environmental shift in the Western Interior Seaway, the vast inland sea that once divided North America.

Increased freshwater influx gradually transformed the ancient sea from saltwater to brackish water, and finally to mostly freshwater, similar to the modern Gulf of Bothnia. 

The researchers hypothesize that this change led to the formation of a halocline: a structure where a lighter layer of freshwater rested atop heavier saltwater. The findings of the isotope analyses directly support this theory.

The analyzed mosasaur teeth belong to individuals who successfully adapted to the shifting environments. 

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This transition from marine to freshwater habitats (reverse adaptation) is considered less complex than the opposite shift and is not unique among large predators. 

Modern parallels include river dolphins, which evolved from marine ancestors but now thrive in freshwater, and the estuarine crocodile, which moves freely between freshwater rivers and the open sea for hunting.

Findings were published in the journal BMC Zoology on December 11.



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North Dakota highway rollover crash caught on camera

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North Dakota highway rollover crash caught on camera


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North Dakota highway rollover crash caught on camera



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