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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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North Dakota

North Dakota lawmakers from West Fargo announce bid for reelection

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North Dakota lawmakers from West Fargo announce bid for reelection


WEST FARGO — Three incumbents from West Fargo will run for reelection to their state legislative seats.

North Dakota Sen. Judy Lee and Reps. Jim Jonas and Austen Schauer, all Republicans, announced Sunday, Dec. 14, that they would campaign to represent District 13 in the state Legislature. The district covers much of north West Fargo.

Austin Schauer.

Special to The Forum

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Lee was first elected to the North Dakota Senate in 1994. Jonas and Schauer have served in the state House since 2023 and 2019, respectively.

The three ran unopposed in the 2022 election. The next election for their seats is in 2026.

Jim Jonas, candidate for West Fargo School Board. Michael Vosburg / Forum Photo Editor
Jim Jonas.

Forum file photo

Our newsroom occasionally reports stories under a byline of “staff.” Often, the “staff” byline is used when rewriting basic news briefs that originate from official sources, such as a city press release about a road closure, and which require little or no reporting. At times, this byline is used when a news story includes numerous authors or when the story is formed by aggregating previously reported news from various sources. If outside sources are used, it is noted within the story.

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Bids awarded for construction of Highway 85

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Bids awarded for construction of Highway 85


WATFORD CITY, N.D. (KUMV) – The North Dakota Department of Transportation awarded more than 150 million dollars in bids to continue expanding highway 85 south of Watford City.

More than $83.8 million will go to Park Construction out of Minneapolis for one segment. It covers about five and a half miles south of the Long X Bridge, going through another section of the badlands. It’s expected to be a three-year project due to the rough terrain.

The next segment covers 12 and a half miles south from the badlands to the highway 200 intersection. The winning bid went to Strata out of Grand Forks for $61.7 million. It will be a two-year project.

Funding for these projects were provided by both the state and federal government.

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Griffin’s 18 lead Western Illinois past North Dakota 69-66 in OT – WTOP News

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Griffin’s 18 lead Western Illinois past North Dakota 69-66 in OT – WTOP News


GRAND FORKS, N.D. (AP) — Isaiah Griffin had 18 points in Western Illinois’ 69-66 overtime win against North Dakota on…

GRAND FORKS, N.D. (AP) — Isaiah Griffin had 18 points in Western Illinois’ 69-66 overtime win against North Dakota on Saturday.

Griffin had three steals for the Leathernecks (4-7). Karyiek Dixon scored 17 points while shooting 6 of 10 from the field and 5 for 6 from the line and added 18 rebounds. Lucas Lorenzen shot 3 for 13 (1 for 9 from 3-point range) and 7 of 8 from the free-throw line to finish with 14 points.

Eli King led the way for the Fightin’ Hawks (4-9) with 13 points, two steals and four blocks. Greyson Uelmen added 13 points for North Dakota. Garrett Anderson had 11 points and six rebounds.

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

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