Douglas James Burgum, known as Doug Burgum, is a prominent figure in the world of business and politics.
Here at World Celebrity Net Worth, we will delve into Doug Burgum net worth 2023 and provide you with valuable insights into his financial standing. Let’s follow!
What is Doug Burgum Net Worth and Salary 2023?
According to Forbes, Doug Burgum has an estimated net worth of approximately $1.5 billion in 2023.
His wealth was primarily accumulated through his business ventures. The most notable was the sale of Great Plains Software to Microsoft for $1.1 billion in 2001.
Proposing an $18.4 billion budget in 2023 that includes $3 billion in infrastructure funding, increased workforce development funding and public employee salary raises.
Despite not being a billionaire, Burgum’s net worth still places him among the wealthiest governors in the United States. His family resides in a $5 million Governor’s mansion in North Dakota.
Doug Burgum’s Overview
Early Life
Doug Burgum was born on August 1, 1956, in the small town of Arthur, North Dakota.He is the son of Katherine and Joseph Boyd Burgum.
He attended North Dakota State University where he earned his undergraduate degree in university studies in 1978.
During his senior year at NDSU, Burgum applied to the prestigious Stanford Graduate School of Business.
Then, Burgum went on to earn his Master of Business Administration from Stanford University Graduate School of Business in 1980.
Career
Doug Burgum played a pivotal role in transforming Great Plains Software from a small startup in 1983 into an award-winning tech firm. As CEO, he led the company through its initial public offering in 1997 and its acquisition by Microsoft Corp. in 2001.
He continued to work at Microsoft as senior vice president until 2007, helping the company establish a leading position in the global business applications software industry.
In 2006, Burgum reaffirmed his passion for North Dakota by founding Kilbourne Group, a real estate development firm committed to creating smart, healthy cities through vibrant downtowns.
The company’s substantial impact on revitalizing downtown Fargo inspired his Main Street Initiative. In 2008, he co-founded Arthur Ventures, a venture capital firm that invests in ambitious, mission-driven software companies.
The success of these businesses under Burgum’s leadership has generated billions of dollars in shareholder wealth and created thousands of jobs.
Burgum’s dedication to his roots is evident through his involvement in family farm partnerships, serving as a member of Arthur Companies, Inc. It’s a diversified agribusiness company founded by his grandparents in 1906, and through a ranching partnership in the Badlands of western North Dakota. In 2009, then-Gov.
John Hoeven awarded Burgum the Theodore Roosevelt Rough Rider Award, North Dakota’s highest citizen honor, recognizing his business leadership and numerous philanthropic efforts, including the Doug Burgum Family Fund, which focuses on youth and education.
Entering the political arena, Burgum was elected as the 33rd governor of North Dakota on November 8, 2016, in his first run for political office. He was re-elected to his second term on November 3, 2020.
As governor, he has brought a business leader’s approach to diversifying the economy, creating 21st-century jobs, and revitalizing main streets.
Personal Life
In his personal life, Doug Burgum’s wife was Karen Stoker. They had three children before divorcing in 2003.
In 2016, Burgum married Kathryn Helgaas, who now serves as the first lady of North Dakota and champions the Recovery Reinvented program on addiction and recovery.
With a strong focus on business and technology, Burgum has announced his intention to run for president in 2024. Leveraging his economic record and entrepreneurial success to position himself as a compelling candidate.
Why is Doug Burgum Famous?
Doug Burgum is famous for being a successful American entrepreneur and politician. He has made significant contributions to the software industry and real estate development.
He is best known for founding Great Plains Software and establishing two more businesses: Kilbourne Group, a real estate development firm, and Arthur Ventures, a venture capital firm investing in software companies.
In addition to his entrepreneurial achievements, Burgum has served as the 33rd governor of North Dakota since 2016 and is a member of the Republican Party.
FAQs about Doug Burgum
What is Mike Pence’s net worth?
Mike Pence is an American politician who has a net worth of $4 million.
Is Doug Burgum running for president in 2024?
Doug Burgum has announced his candidacy for the 2024 presidential race.
Who is Doug Burgum?
Doug Burgum is an American entrepreneur and politician serving as the Governor of North Dakota since December 2016. He is a member of the Republican Party.
What is the name of Doug Burgum’s children?
Burgum’s three children are: Jesse Burgum, Joe Burgum, Tom Burgum.
Conclusion
In conclusion, Doug Burgum’s net worth in 2023 reflects his tremendous success and accomplishments in both the business and political spheres.
While the exact figure of his net worth in 2023 may vary, it is evident that Doug Burgum has established himself as a prominent figure with substantial wealth.
If you want to know about him, check out our website WCnetworth.com for more information. Thanks for reading!
