Quick Info
| Details | |
|---|---|
| Name | Doug Burgum |
| Current Age | 65 |
| Occupation(s) | Entrepreneur, Politician |
| Date of Birth | August 1, 1956 |
| Place of Birth | Arthur, North Dakota |
| Nationality | American |
| Spouse | Kathryn Helgaas Burgum |
| Children | Joe Burgum, Jesse Burgum |
| Net Worth (2024) | $200 million |
| Source of Wealth | Software, Investments |
| Ventures | Great Plains Software, Kilbourne Group |
| Ethnicity | Caucasian |
| Height | 6'2" |
| Notable Works | Transformation of Great Plains Software, Governor of North Dakota |
Early Life and Education
Doug Burgum, born on August 1, 1956, in Arthur, North Dakota, is a renowned American entrepreneur and politician. He grew up in a rural farming community, instilling in him a strong work ethic and a deep appreciation for the values of hard work and perseverance. Burgum's upbringing played a significant role in shaping his future endeavors.
Burgum pursued his higher education at North Dakota State University, where he earned a Bachelor of Science degree in university studies and a Master of Business Administration (MBA) from the Stanford Graduate School of Business. His academic background equipped him with the knowledge and skills necessary to excel in the business world.
Career and Entrepreneurial Success
Doug Burgum's entrepreneurial journey began when he co-founded Great Plains Software in 1983. Under his leadership, the company experienced remarkable growth and success, becoming a leading provider of accounting software for businesses. In 2001, Great Plains Software was acquired by Microsoft for $1.1 billion, marking a significant milestone in Burgum's career.
Following the acquisition, Burgum continued to make a name for himself in the business world through various ventures and investments. He founded the Kilbourne Group, a real estate development firm focused on revitalizing downtown Fargo, North Dakota. His visionary approach and commitment to community development have earned him widespread recognition and respect.
Political Career and Public Service
In addition to his achievements in the business sector, Doug Burgum has also made significant contributions to public service and governance. In 2016, he successfully ran for the position of Governor of North Dakota, winning the election with a strong mandate. As Governor, Burgum has focused on promoting economic growth, innovation, and fiscal responsibility, earning praise for his leadership and vision.
Burgum's tenure as Governor has been marked by initiatives aimed at diversifying the state's economy, investing in education and infrastructure, and fostering a business-friendly environment. His strategic approach to governance and his ability to bring people together to achieve common goals have been instrumental in driving North Dakota forward.
Personal Life and Philanthropy
Outside of his professional endeavors, Doug Burgum is a devoted family man and philanthropist. He is married to Kathryn Helgaas Burgum, and together they have two children, Joe Burgum and Jesse Burgum. Burgum is actively involved in various charitable causes and community initiatives, demonstrating his commitment to giving back and making a positive impact on society.
Net Worth and Legacy
As of 2024, Doug Burgum's net worth is estimated to be $200 million, primarily derived from his successful software ventures and strategic investments. His entrepreneurial acumen, leadership skills, and dedication to public service have solidified his legacy as a prominent figure in both the business and political spheres. Doug Burgum's remarkable journey serves as an inspiration to aspiring entrepreneurs and leaders, showcasing the power of vision, perseverance, and a commitment to excellence.
