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'People Of North Dakota Are The Norwegians Of America,' Says Kevin O'Leary—'Their Net Worth Per Capita To Be No. 1 In The US' Here's Why

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'People Of North Dakota Are The Norwegians Of America,' Says Kevin O'Leary—'Their Net Worth Per Capita To Be No. 1 In The US' Here's Why


Kevin O’Leary, the investor perhaps best known for his sharp takes on ABC’s “Shark Tank,” is betting big on North Dakota. And he believes the state is poised to take the top spot in America for wealth per person.

“I believe that the people of North Dakota are the Norwegians of America because their net worth per capita is going to be No. 1 in the U.S. soon,” O’Leary recently posted on X. “They have so much wealth in the ground and there are only 750,000 of them!”

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From Shark Tank to Statewide Investments

O’Leary’s confidence isn’t just talk. Through his Wonder Fund North Dakota, he’s managing a $45 million investment initiative focused on early-stage companies, according to the O’Leary Ventures website. The fund is part of the State Small Business Credit Initiative and aims to unlock even more private capital for local startups.

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O’Leary’s North Dakota journey began nearly a decade ago with an $80,000 investment in Fargo-based PRx Performance—one of the most successful pitches in Shark Tank history. “That really opened me up to the possibilities of what we can do in Fargo, Bismarck, and everywhere else in North Dakota,” O’Leary told Fargo INC! in 2023.

But O’Leary says the real draw is the state’s business-friendly environment. “I would never do a fund like this in New York, New Jersey, Massachusetts, or California,” he said. “Those states are uninvestable… North Dakota is very competitive, particularly now.”

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He credits the state’s pro-business policies, remote work advantages, and stable government as key factors in attracting capital. “This is a golden period for North Dakota, it really is,” O’Leary told Fargo INC!. “It’s going to come out swinging as a competitive state. It’s no longer just Texas or Florida anymore.”

Wonder Fund: Where the Money’s Going

The Wonder Fund is multisector but focused on tech, agriculture, agtech, land, and energy—especially projects that sequester carbon. O’Leary says the goal is not only to invest state money wisely, but also to attract 10 to 30 times more capital alongside it.

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Transparency is also a major part of the strategy. The fund gives state officials real-time access to detailed data on every investment. “As a fiduciary, I feel the best thing to do is to shine a light on everything,” O’Leary said.

See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — invest pre-IPO from $0.60 per share now.

The Legacy Fund Connection

O’Leary’s optimism ties into the broader financial foundation being built in North Dakota. Just like in Norway, the state’s $11 billion Legacy Fund, a sovereign wealth fund backed by oil and gas tax revenue, is designed for long-term prosperity.

With the 2024 passage of Measure No. 3, the fund became even more future-focused. Lawmakers can now access only 5% of the fund’s principal during each two-year budget cycle, down from 15%. This means more of the fund can be invested long-term, with a projected $30 million boost in earnings in just the first year.

“The Legacy Fund was created to provide financial stability and deliver sustained economic benefits for North Dakotans,” said state Rep. Glenn Bosch, vice chair of the Legacy and Budget Stabilization Fund Advisory Board.

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According to the Retirement and Investment Office website, the fund has already transferred more than $1.8 billion to the general fund over the last three budget periods, helping fund infrastructure, tax relief, and other projects. Another $601 million is set to transfer in June.

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Today in History: December 29, 1959 – Sioux ice champs North Dakota team of the year

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Today in History: December 29, 1959 – Sioux ice champs North Dakota team of the year


Today in History revisits the Tuesday, December 29. 1959 edition of the Grand Forks Herald and highlights a story on the UND Hockey team being names North Dakota team of the year.

The University of North Dakota hockey team was named “Team of the Year” after winning the NCAA Championship in a 4-3 overtime victory over Michigan State. Forward Reg Morelli was voted the tournament’s Most Valuable Player. Runner-up honors went to the Bismarck High basketball team for winning its third straight Class A title.

Sioux Ice Champs N. D. Team Of Year

By THE ASSOCIATED PRESS (as published by the Grand Forks Herald on Dec. 29, 1959)

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North Dakota hockey stock reached a peak early in 1959 when the University sextet captured the NCAA championship with a 4-3 overtime victory over Michigan State.

The feat earned the Sioux icemen the accolade of “team of the year” in the annual Associated Press poll of sports editors and sports directors.

Runner-up honors in the balloting went to the Bismarck high school basketball team, which won its third straight Class A high school title.

The St. Mary’s high school football team, which came from no- where to win the Class A grid crown, won third place.

The University hockey team had taken western championship for the first time the year before, and finished second to Denver in the 1957-58 NCAA tournament.

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As the 1958-59 campaign rolled around there were many problems to be solved if the Sioux were to maintain their position atop the college hockey world.

One by one the questions were resolved, and on March 14, at Troy, N. Y., North Dakota went into overtime to cop the coveted NCAA title.

Tremendous spirit marked the Sioux climb to the top. The North Dakota team won four games during the season in overtime, including two in the NCAA meet.

Members of the championship team included George Gratton and Bob Peabody, goalies; Ralph Lyndon, Julian Butherta, Pete Gaze- ly and Bob Began on defense; and Jerry Walford, Stan Paschke, Guy LaFrance, Art Miller, Ed Thomlinson, Joe Poole, Les Merrifield, Ron King, Bart Larson, Bernie Haley, Garth Perry and Reg Morelli, forwards.

Morelli Voted Most Valuable

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Morelli was voted most valuable player in the NCAA tourney. Morelli and Thomlinson were on the first team and Lyndon and Poole on the tournament’s second team.

The Bismarck basketball feat of three straight state championships tied a record set by Fargo in 1922- 23-24. The Demons had an overall 21-3 record, averaged 61.6 points per game and held opponents to 49.3 per tilt on the season.

Starters were Ron Carlson and Bob Smith at forward, Rod Tjaden at center and Art Winter and Rich Olthoff at guards.

Carlson and Winter were all-west choices.

Here are “team of the year” choices, points in parenthesis:

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  1. UND hockey (37)
  2. Bismarck high basketball (24)
  3. St. Mary’s high football (16)
  4. Bottineau high basketball (11)
  5. Valley City Teachers basket- ball (10)
  6. Williston high wrestling (5)
  7. Grand Forks Legion baseball (2)
  8. Shanley high football (1)
  9. NDAC football (1).

Rite Spot Liquor Store advertisment as published on Dec. 29, 1959. Grand Forks Herald archive image.

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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40 million from Midwest to New England brace for severe winter storm

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40 million from Midwest to New England brace for severe winter storm


A storm bearing down on the Great Lakes and New England is expected to bring rain, snow, and high winds over the next few days.

A narrow band from Fargo, North Dakota south to approximately Mason City, Iowa is under a blizzard warning ahead of the storm. That includes parts of of both states as well as parts of Minnesota. Winds in the affected areas are forecast to reach 45 miles per hour and, paired with an expected 3 to 8 inches of snow, are expected to create whiteout conditions through the start of the week.

Michigan’s upper peninsula is under a blizzard warning as well. There, snowfall is expected to be between 9 inches and 2 feet, and winds are expected to reach as high as 60 miles per hour, ABC News reports.

The National Weather Service has issued winter weather advisories for parts of the northeast, from the Scranton, Pennsylvania up through Burlington, Vermont and Portland, Maine. Freezing rain is expected in that area on Sunday and Monday.

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Buffalo and Jamestown, New York, are also both under flood watches from Sunday afternoon until Monday afternoon.

A closed-for-the-season seafood restaurant at Pine Point in Scarborough, Maine. A winter storm bringing blizzard conditions, high winds, and ice accumulation began moving east across the midwest on Sunday morning, and will disrupt the Great Lakes and northeast until early Monday

A closed-for-the-season seafood restaurant at Pine Point in Scarborough, Maine. A winter storm bringing blizzard conditions, high winds, and ice accumulation began moving east across the midwest on Sunday morning, and will disrupt the Great Lakes and northeast until early Monday (Reuters)

Back in the Great Lakes region, both Cleveland and Detroit are bracing for high winds. Forecasters expect the cities will see gusts of up to 60 miles per hour on Sunday night through early Tuesday morning.

In the upper midwest, both Minneapolis and Green Bay are forecast to see between 5 to 9 inches of snow. A level 1 of 5 severe storm threat exists in a stretch from northern Indiana south into Missouri. That band includes Indianapolis, St Louis, Louisville, and Nashville. The affected region will be subject to high speed, damaging wind gusts, according to Fox Weather.

The storm began dropping snow on Sioux Falls and Fargo early on Sunday morning, and will continue to sweep east across the northern sections of the U.S. The midwest will begin to see storm conditions on Sunday afternoon, and the northeast will be affected shortly thereafter.

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People play in the snow in Central Park in Manhattan, New York

People play in the snow in Central Park in Manhattan, New York (REUTERS)
Army Black Knights fans throw snow after a touchdown during the second half of their win over the UConn Huskies in the Wasabi Fenway Bowl at Fenway Park in Boston, Massachusetts

Army Black Knights fans throw snow after a touchdown during the second half of their win over the UConn Huskies in the Wasabi Fenway Bowl at Fenway Park in Boston, Massachusetts (Getty Images)
A man shovels snow in Brooklyn, New York City

A man shovels snow in Brooklyn, New York City (Getty Images)

Road travelers in the affected regions should be wary. Parts of the I-95 corridor between Philadelphia and Boston may be made treacherous by freezing rain around 5 pm on Sunday night.

Forecasters believe that the storm system will clear by Monday night, though lake-effect snow is likely to follow in its wake for Great Lakes communities. That snow will likely continue into Tuesday and potentially Wednesday.

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In northern New England, wintry precipitation may produce up to a quarter of an inch of ice in the area. While the interior northeast is expected to receive some lake-effect snow as well, forecasters believe snowfall in the region will be lighter.

The storm comes on the heels of another winter weather system that swept across the northeast earlier this week, dropping snow on New York and New Jersey and forcing thousands of flights to be either cancelled or delayed.



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Dakota Cat Cafe cats are up for adoption

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Dakota Cat Cafe cats are up for adoption


LINCOLN, N.D. (KFYR) – Lincoln got its very own cat cafe last week.

Ashley Kneavel learned about cat cafes while visiting another state.

“I fell in love with the concept and wanted to bring something like that to North Dakota,” said Kneavel.

And so with the help of Furry Friends Rockin’ Rescue director Julie Schirado, she got to work.

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“About a year ago, I think it was, we started building this together,” said Kneavel.

Furry Friends’ role in the operation? Providing the cats. All of them are pre-vetted, meaning they are spayed and neutered and fully vaccinated.

Meaning they’re also ready for adoption.

“Instead of them sitting at a shop, they get to sit in an atmosphere that’s closely resembled to a home,” said Kneavel.

The cafe has already had three of its four-legged residents adopted.

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“It’s a great thing to see when somebody comes in and connects with them on a deep level and takes them home,” said Kneavel. “It’s just… I don’t even know how to describe it, it’s just very rewarding.”

One of her goals in the future is to install a drive-thru window.

To learn how to adopt a furry pal from the cafe, or how to book a visit, click here.



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