Doug Burgum Net Worth: How Much is He Worth in 2024?

Do you want to know American Businessman and current governor of North Dakota Doug Burgum Net Worth? and How Much is He Worth in 2023?

In this article, we will share all the information about Doug Burgum Net Worth, Bio, Salary, Career, Nationality, etc…

So, without further ado, let’s begin.

Doug Burgum Net Worth 2023

Doug Burgum‘s net worth is estimated at around $1.5 billion in 2023. Burgum is the 33rd Governor of North Dakota and has held that position since 2016. Bergam is a successful businessman and entrepreneur. 

Bergum’s wealth has been accumulated through his business ventures and investments. He is a major shareholder of several companies, including Great Plains Capital, a private equity firm.

Bergum is also a philanthropist and has donated millions of dollars to various charities. He founded the Burgum Family Foundation, which supports education, healthcare, and other causes.

Doug Burgum Salary and Earnings

Doug Burgum’s official salary as Governor of North Dakota is $135,360 annually. However, they also generate significant profits from their ventures and investments.

As a result of his developments and investments, Bergum has an estimated net worth of $1.5 billion. This means that your official salary as governor is a relatively small portion of your total income.

In addition to his salary and earnings, Bergum also receives benefits such as travel expenses and government vehicles as governor. They also have the opportunity to earn extra income through lectures and other activities.

Doug Burgum Biography and Early Life

 

Name	Douglas James Burgum
Known as	Doug Burgum
Place of birth	Arthur, North Dakota, United States
Date of birth	August 1, 1956
Age	67 years old
Father’s name	Joseph Boyd Burgum
Mother’s name	Katherine (née Kilbourne) Burgum
Occupation	Businessman, investor, philanthropist, politician
Nationality	American
Political party	Republican
Salary	$135,360
Net worth (2023)	$1.5 billion

Doug Burgum was born in Arthur, North Dakota, on August 1, 1956. He is the son of a farmer and a homemaker. He grew up on a farm and graduated from Arthur High School in 1974.

Burgum attended North Dakota State University, where he studied business administration. He graduated with a bachelor’s degree in 1978. Burgum married Kathryn Helgaas Burgum. They both have two sons, Joe and Tom. The Burgums live in Fargo, North Dakota.

How did Doug Burgum Make Money?

As we have mentioned above, Doug Burgum makes money from a variety of businesses, including:

Great Plains Software

Bergum, the co-founder of Great Plains Software 1983. The company developed business software for small and medium-sized businesses. Great Plains Software was bought by Microsoft in 2001 for $1.1 billion.

Kilbourn Group

Kilbourn Group was founded by Doug Burgum in 1997. Focused on commercial and residential development, this real estate company is owned by D. Burgum.

Arthur Ventures

Burgum co-founded Arthur Ventures in 2002. Arthur Ventures is a private equity firm that invests in early-stage technology companies. So when that company grows in the market, they make a profit.

SuccessFactors

Burgum invested in SuccessFactors, a human capital management software company. SuccessFactors was then bought by SAP in 2012 for $3.4 billion.

Doug Burgum Career

Burgum began his career as a consultant for the Chicago-based firm McKinsey & Co. after he graduated from Stanford. Soon after, he joined a software company called Great Plains Software in 1983 after investing $250,000 in seed capital.

He became president in 1984 after buying the rest of the company with financing from his family.

After the sale, Bergum was hired as head of business solutions for Microsoft and stayed with them until 2007. Satya Nadella, the current CEO of Microsoft, has credited Bergum with “Inspiring me to find the soul of Microsoft.”

Doug Burgum Nationality

Doug Burgum has American Nationality. He was born in North Dakota State. Burgum Studied there. He married there.

FAQs

What is Doug Burgum Net Worth?

Doug Burgum net worth is estimated at $1.5 billion. He made money through various business ventures, including Great Plains Software, Kilbourn Group, and Arthur Ventures.

What is Doug Burgum’s political party?

He is a member of the Republican Party. He has served as the 33rd Governor of North Dakota since 2016.

What is Doug Burgum’s educational background?

He graduated from North Dakota State University in 1978 with a degree in business administration.

What is Doug Burgum’s family life?

He is married to Catherine Helgas Burgum. They have two sons, Joe and Tom. Bergum lives in Fargo, North Dakota.

What are Doug Burgum’s hobbies?

He enjoys hunting, fishing, and spending time with his family.

What are Doug Burgum’s greatest achievements?

He is a successful businessman and politician. He has significantly contributed to North Dakota’s economy and energy industry. Burgum is also a philanthropist and has donated millions of dollars to various charities.

What are Doug Burgum’s plans?

He is committed to serving as Governor of North Dakota and continuing to work on economic development, job creation, and education.