Doug Burgum net worth is a testament to his entrepreneurial spirit and strategic business moves. As the founder of Great Plains Software, Burgum took calculated risks that paid off significantly, especially when he sold the company to Microsoft.
His journey from software entrepreneur to Governor of North Dakota has contributed to his wealth.
In this article, we’ll delve deeper into how his role at Microsoft, his investments, and his real estate ventures have built his fortune.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Douglas James Burgum |
| Popular Name | Doug Burgum |
| Gender | Male |
| Birth Date | August 1, 1956 |
| Age | 68 years old |
| Parents | Katherine and Joseph Burgum |
| Siblings | Bradley (Brother), Barbara (Sister) |
| Birthplace | Arthur, North Dakota, USA |
| Nationality | American |
| Ethnicity | N/A |
| Education | Stanford Graduate School of Business (1978–1980), North Dakota State University (1978), Stanford University |
| Marital Status | Married |
| Spouse | Kathryn Helgaas (Current), Karen Stoker (Ex-wife) |
| Children | Three (Jesse Burgum, Joe Burgum, Tom Burgum) |
| Dating | N/A |
| Net Worth | $100 million (2024 estimate) |
| Source of Wealth | Great Plains Software, Microsoft, Real Estate, Investments |
| Height | N/A |
What is the Net Worth of Doug Burgum in 2024?
Doug Burgum’s net worth in 2024 is estimated at $100 million. This fortune stems primarily from his sale of Great Plains Software to Microsoft, along with real estate investments and his role in politics.
When compared to others in similar positions, Burgum’s financial journey stands out due to his diverse business ventures.
For instance, here are some notable figures connected to his career and industries:
- Microsoft
- Steve Ballmer
- Atlassian
- Arthur Ventures
- Satya Nadella
- Kilbourne Group
- Karen Stoker
- Vivek Ramaswamy
To explore more about the wealth of public figures, check out our page on the richest U.S. politicians.
Doug Burgum Salary and Finance Overview
His Key Role at Microsoft After the Acquisition
Doug Burgum’s decision to sell Great Plains Software to Microsoft marked a significant milestone in his financial journey.
His role as Senior Vice President of Microsoft Business Solutions not only brought him a considerable salary but also an opportunity to help Microsoft grow its enterprise software division.
Burgum was instrumental in shaping the future of Microsoft’s business apps, which contributed to his impressive earnings at the company until his departure in 2007.
His Investments in Software Companies Like Atlassian
After leaving Microsoft, Burgum didn’t step away from the software industry. Instead, he strategically invested in companies like Atlassian, which significantly boosted his portfolio.
As part of Atlassian’s board of directors, Burgum’s financial foresight helped him purchase shares early on, which has since grown in value, adding millions to his wealth.
Real Estate Ventures
Beyond software, Doug Burgum ventured into real estate with the creation of Kilbourne Group, a development firm focused on revitalizing downtown Fargo.
His real estate investments, particularly in North Dakota, have made a notable impact on his financial stability.
From office buildings to community spaces, Burgum’s real estate ventures continue to diversify his income sources.
His Role as Governor and Political Achievements
Though the role of governor doesn’t usually come with a hefty salary, Doug Burgum’s position as the 33rd Governor of North Dakota played a crucial part in his public profile.This exposure has opened the door to numerous opportunities in the private sector.
His political influence and policy decisions—especially his push for carbon neutrality and innovation in North Dakota—may have an indirect influence on his financial future.
Awards and Achievements That Elevated His Profile
Burgum has received numerous accolades over the years, with one of the most prestigious being the Theodore Roosevelt Roughrider Award.
This recognition, along with honorary doctorates from North Dakota State University and University of Mary, has not only elevated his profile but also opened doors to more business and investment opportunities.
Venture Capital and Other Business Investments
Doug Burgum’s involvement in Arthur Ventures, a venture capital firm co-founded by him, demonstrates his interest in nurturing emerging businesses.
This fund, which started with $20 million, focuses on technology and life sciences, and has expanded across multiple states.
His success in venture capital is just another piece of the puzzle contributing to his multi-million-dollar fortune.
The Impact of His Political Campaigns on His Financials
Doug Burgum’s 2024 Presidential campaign saw significant spending on advertising, positioning him as a key player on the national political scene. Though the campaign was brief, his financial standing likely experienced both gains and losses during this time.
His role as a Trump advisor on energy policy after the campaign has positioned him for further opportunities.
FAQs About Doug Burgum
Where was he born?
He was born in Arthur, North Dakota.
How many children does Doug Burgum have?
He has three children from his first marriage.
Who is he married to now?
Doug Burgum is married to Kathryn Helgaas.
What company did Doug Burgum found?
He founded Great Plains Software and the Kilbourne Group.
What political position does he hold?
He is the Governor of North Dakota.
Which award did he receive?
He received the Theodore Roosevelt Roughrider Award.
What is his connection to Microsoft?
He sold Great Plains Software to Microsoft and served as a Senior Vice President there.
What role did Great Plains Software play in his wealth?
Burgum’s leadership at Great Plains Software and its eventual sale to Microsoft for $1.1 billion were key factors in his financial success.
What are Doug Burgum’s political achievements?
Burgum is the 33rd Governor of North Dakota, known for his leadership in business and technology, as well as his push for environmental initiatives like carbon neutrality.
Conclusion
Doug Burgum’s journey from a software entrepreneur to a political leader reflects his strategic approach to both business and public service. For more in-depth content on celebrity finances and updates, visit andomoney.com. Feel free to leave a comment or share your thoughts!
