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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.

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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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Four area players land on North Dakota Division A all-state team

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Four area players land on North Dakota Division A all-state team


GRAND FORKS — Four area athletes were selected to the North Dakota Division A all-state girls basketball team, which was released by the North Dakota High School Coaches Association on Tuesday.

The North Dakota Associated Press Sportscasters and Sportswriters Association will release all-state teams later this month.

Thompson’s Addison Sage led the way as a first team all-state pick, as well as receiving the division’s Outstanding Senior Athlete honor. Her coach, Jason Brend, was the Coach of the Year.

All-state second team choices from the area are Devils Lake junior Tylie Brodina, Four Winds-Minnewaukan sophomore Suri Gourd and Thompson senior Kya Hurst.

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Sage, a 5-foot-6 guard, averaged 22.3 points per game, 3.2 rebounds, 3.3 assists and 3.2 steals per game. Sage has more than 1,900 career points and holds the Tommies’ all-time scoring record.

Brodina, a 5-8 guard, averaged 18.8 points and 2.6 steals per game. She shot 82 percent from the foul line and 32 percent from 3-point range.

Hurst, a 5-6 forward, averaged 16.3 points and 9.6 rebounds per game. She added 3.7 steals and 3.5 assists per game while shooting 39.5 percent from 3-point range. Hurst has scored more than 1,600 points and grabbed more than 840 rebounds in her career.

Gourd, a 5-8 guard, averaged 26.1 points, 7.1 rebounds, 5.4 assists and 4.4 steals per game. Gourd has more than 1,600 career points in her career with two more seasons to play.

Gourd led Four Winds-Minnewaukan from a 5-17 record last season to a 16-8 mark this year.

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Miller has covered sports at the Grand Forks Herald since 2004 and was the state sportswriter of the year in 2019 (NSMA, NDAPSSA), 2022 (NSMA, NDAPSSA), 2024 (NDAPSSA) and 2025 (NDAPSSA).

His primary beat is UND football but also reports on a variety of UND sports and local preps.

He can be reached at (701) 780-1121, tmiller@gfherald.com or on Twitter at @tommillergf.





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Annabelle Weber

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Annabelle Weber


Funeral Mass for Annabelle Weber, 95, of Dickinson will be 10:00 AM, Thursday, March 12, 2026 at Queen of Peace Church with Msgr. Thomas Richter celebrating. Burial will follow at St. Joseph’s Cemetery, Dickinson. Visitation will be from 5:00 PM – 7:00 PM, Wednesday, March 11, 2026 at Stevenson Funeral Home, Dickinson, with Rosary and Vigil service taking place at 6:00 PM. Annabelle passed away Friday, March 6, 2026 at St. Benedict’s Health Center, Dickinson. Annabelle S. Weber was born on December 8, 1930, in Killdeer, North Dakota, to Frank and Eva (Kowis) Schmalz. She grew up in Killdeer and graduated from Killdeer High School in 1947. At the age of 17, Annabelle began working at Zimbrich’s Department Store in Killdeer. She later moved to Dickinson, where she worked at S&L in retail sales and spent many years at Kessel’s Bridal Shop. While working at the Esquire Steak House, she met Gerald Weber, the love of her life. The couple was united in marriage on November 1, 1954, at St. Joseph’s Catholic Church in Dickinson, where they made their home and built their life together. Annabelle was a woman who loved staying busy and caring for her family and home. She enjoyed hunting and fishing, along with hobbies such as crafts, sewing, and gardening. She was well known for keeping an immaculate home and took great pride in caring for those around her. Faith was an important part of her life. She joined the Catholic Daughters in 1957 and was active in church circles, often helping with funeral dinners and parish gatherings. Annabelle’s greatest joy was her family. Annabelle is survived by her sons, Greg (Barbara) Weber of Grand Forks, Russ (Rhonda) Weber of Dickinson; daughter, Sharon (Tony) Allen of Andover, MN; nine grandchildren, Christi (Ryan), Tiffani (Tim), Shane (Kayla), Tonya (Adam), Samantha (Scott), Kevin, Tracey (Analisa), Stacie, Tyler; 15 great-grandchildren and 1 great-great grandchild. She was preceded in death by her parents, Frank and Eva Schmalz; husband, Gerald Weber; siblings, William (Evelyn) Schmalz, Elaine (John) Buresh, and Vernon (Dolores) Schmalz; and daughter-in-law, Coleen Weber (Krance). Remembrances and condolences can be shared at www.stevensonfuneralhome.com.





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Faber: 5 takeaways from UND’s 70-62 Summit League tournament championship loss to North Dakota State

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Faber: 5 takeaways from UND’s 70-62 Summit League tournament championship loss to North Dakota State


SIOUX FALLS, S.D. — North Dakota State proved why it was the best team in the Summit League Sunday evening at the Denny Sanford Premier Center.

The Bison beat UND 70-62 in the conference tournament championship. The Fighting Hawks hung around in the second half, but couldn’t put together enough consecutive shots to retake the lead.

It was the Hawks’ first Summit League championship appearance since 2020, capping off a resurgent season for a program ravaged by the transfer portal.

Despite losing top-end talent like Treysen Eaglestaff and Mier Panoam, UND reloaded through key transfer portal additions, the emergence of redshirt freshman guard Greyson Uelmen and the return of senior guard Eli King.

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The Hawks finished the 2025-26 season with an 18-17 overall record.

Here are five takeaways from the loss.

King ends collegiate career on a high note

King left it all on the court in his final three games as a Hawk.

He logged 40 minutes against NDSU. King was only off the court for two minutes against St. Thomas and four minutes against Denver.

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King lived up to his billing as the Summit League Defensive Player of the Year throughout the postseason. He also averaged 15.3 points per game in the tournament.

“We were so fortunate to get him at North Dakota,” head coach Paul Sather said. “The daily example that guy brings as far as how you treat people, how you go about your work, how you show up — he’s usually the first on the floor every day. He plays the most minutes for us. … He just smiles at adversity.

“He’s a special young guy. I’m going to think of him when I’m 75 years old, thinking about all the young people you get a chance to be a part of and coach, and I’m going to see a guy that’s probably doing really well in life, and I’m going to just be so grateful I got a chance to spend some time coaching. Eli’s going to be alright.”

Here’s what an emotional King had to say after Sunday’s loss.

“The last three years have been a blast,” King said. “Built a bunch of relationships that will last forever. Coaching staff, all the players, all the great teammates I’ve had, community support from Grand Forks. It’s been awesome. The last three years, basketball-wise, I enjoyed every second of it, had a lot of ups and downs.”

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College basketball teams rarely look the same from year to year. That’s just the state of the sport right now, especially at the mid-major level.

UND is going to miss its seniors.

King was the only returning starter from last year and truly seemed to be the heart and soul of the team.

Garrett Anderson averaged 10.3 points per game, and his lengthy frame was pivotal on defense. Reggie Thomas seemed to always give a boost of energy off the bench, providing scrappy defense while averaging 4.8 points per game.

That being said, there are certainly building blocks for the future. That is, if they don’t enter the transfer portal this offseason.

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Uelmen, the former walk-on, averaged 18.6 points per game in a breakout season. Redshirt sophomore Zach Kraft carved out a role in the starting lineup, providing 42.5% shooting from 3-point range and improved defense.

Junior center Josh Jones became an essential piece of the starting lineup, providing physicality, defense and a frame that the Hawks just don’t have anywhere else on the roster.

Junior forward George Natsvlishvili, freshman guard Anthony Smith III and freshman forward Marley Curtis each provided the occasional pop from the bench when needed.

“You hope so, right?” Sather said when asked if this season was something to build on. “That’s the goal. Every year right now, you kind of start with a new team. Just being real — free agency starts. But we’re to the point now where you smile at it and you wish the best for young people that are trying to do things in life that are changed (compared to) what they were 10 years ago, five years ago.

“You really take a year and you start in June, when you get them all on campus, and you try to make the most out of that time. And it’s not perfect, but it’s kind of like speed dating in a way. I don’t know what that’s like, I’ve never done it, but you don’t get to have everybody for four years or three years or even two years sometimes. But the time you have with them, make the most of it. Have the joy with it and love it. And even on the hardest days, because I’m telling you, this was a team that there were some days where we had to really be on these guys. We got some young guys that got to continue to grow and get better, but they just really responded, and their example of it was awesome.”

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Kraft put up his best performance in months against NDSU.

He shot 5-for-9 from the field and finished with 19 points. Only Uelmen scored more, finishing with 24.

It was Kraft’s first double-digit point total since Feb. 19. He nearly reached his previous career high of 22 points.

Kraft scored 13 points in the second half. He nailed a 3-pointer with 3 minutes, 6 seconds to go to kick off a 9-0 run for UND.

Offensive rebounds sting again

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North Dakota State collected 12 offensive rebounds and scored 12 second-chance points in the win over the Hawks.

UND managed to survive against St. Thomas while giving up 14 offensive rebounds in the tournament semifinals.

This time around, it stung.

“A game like that, where you’re not making the shots that we have been or that were just right there, we can’t be giving them extra possessions like that,” Sather said.

What opposing coaches had to say about Sather and the program

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Head coach David Richman had positive words for Sather and his program after the Bison’s championship win.

“Paul Sather did a terrific job this year, terrific job,” Richman said. “You’ve got a guy like Eli King, the competitive spirit, and Greyson, and the tournament that they had. So I know there’s Bison people that don’t want to hear me talk about UND, but I’m glad to talk about a guy and a program that does things the right way. And Paul Sather does a lot of great things.”

Likewise, St. Thomas head coach John Tauer voiced his respect after the Tommies’ loss in the semifinals.

“Credit to North Dakota, they played incredibly,” Tauer said. “They’ve been really good all season. Paul does a tremendous job with his team and those guys.”





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