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Doug Burgum Net Worth 2023: Here’s How Much Fortune The North Dakota Governor Holds

Douglas Burgum is the 33 governor of North Dakota and has been in this post since 2016. He is a multifaceted personality and is also an American businessman, investor, philanthropist who also is a politician.

He is a member of the Republican Party and also serves as the president of Great Plains Software. He has also revealed that he will be a candidate for the Presidential poll to be held in 2024.

Doug Burgum was born on August 1, 1956, and was raised in a small city in North Dakota named Arthur. He finished college in 1978 and graduated with an MBA degree.

He mortgaged the farmland which he had inherited and with the money laid the foundation of Great Plains Software in Fargo.

He became the President of the software firm in 1984 and under his tutelage the firm became one of the most successful large software companies.

In 2001 Doug Burgum sold the company to Microsoft for $1.1 billion. At Microsoft, he handled the department of Microsoft Business Solutions and later served as the board chairman for Atlassian and SuccessFactors.

Doug Burgum also created the Fargo-based real-estate development firm Kilbourne and is also the co-founder of Arthur Ventures, a software venture capital group.

He resided in North Dakota all his life and entered the Republican primary in the 2016 North Dakota gubernatorial election. Even though he had no political experience he managed to cause an upset when he defeated Democratic nominee Marvin Nelson by a landslide in the general election.

He was again re-elected in 2020 by a gigantic margin and later in June 2023, he filed for running in the 2024 Republican presidential nomination.

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Doug Burgum’s Political Career

Doug Burgum’s political career started in earnest in 2016 when he ran for the post of governor of North Dakota as a Republican.

He had practically no political experience and lost the state Republican party’s gubernatorial endorsement to longtime attorney general Wayne Stenehjem, He rose once again and in the primary election two months later, he defeated Stenehjem and claimed his nomination.

In the November 2016 general election, he managed to grab 75% votes and defeated his opponents, Democrat Marvin Nelson and Libertarian Marty Riske.

He was sworn in as governor on December 15, 2016, alongside running mate Brent Sanford.

Doug Burgum had set many ambitious goals and one of the goals was to make North Dakota become carbon-neutral by 2030.

Doug Burgum Net Worth

According to Doug Burgum, he wants to pursue an intelligent fossil fuel industry that emphasizes technology that aims at the use of carbon capture and storage technology to capture and sequester carbon dioxide in the state’s geologic formations.

He also supports the use of Carbon Dioxide for enhanced oil recovery, the process by which carbon dioxide is injected into depleted oil fields to boost production. He is also a great supporter of the use of technology in agriculture and emphasizes the use of agricultural practices that store carbon in the soil.

He is credited for the $25 billion in private sector investment with his eco-friendly remarks given at the annual meeting of the North Dakota Petroleum Council.

He is also credited for drastically reducing traffic deaths in North Dakota with the establishment of the Vision Zero project in partnership with the North Dakota Department of Transportation.

His push for a higher reporting threshold was crucial in bringing this drop. Burgum was reelected in 2020 with over 65% of the vote.

During his tenure as a Governor of North Dakota, he did many things that helped him create a niche as a politician who is astute and practical.

When Sanford announced his resignation as lieutenant governor in December 2023, Doug Burgum appointed Tammy Miller, his chief operating officer, to succeed Sanford. Doug Burgum Also vetoed the bill which sought to increase the speed limit of vehicles to 80 mph.

Doug Burgum Net Worth 2023

In the 2023 legislative session, he signed a bill that exempted members of the North Dakota National Guard and Reserve from paying income tax,[48] and another that provides over $500 million in tax relief.

Doug Burgum along with other North Dakota politicians also sought to sue Minnesota over a law that requires the state’s electricity to come from sources that are zero carbon dioxide emitters.

The bill was signed by Minnesota Governor Tim Walz on February 7, 2023.

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How Much Is Doug Burgum Net Worth In 2023?

Doug Burgum is the 33rd governor of North Dakota and has remained in the post since 2016 unchallenged. As already mentioned he is the board chairman of Atlassian and SuccessFactors and according to different sources, Burgum’s net worth is reported to be $1.1 billion.

FAQs

What is Doug Burgum’s political career like?

Doug Burgum’s political career started in 2016 when he ran for governor of North Dakota. He won the election and was reelected in 2020. He also announced his candidacy for the 2024 Republican presidential nomination.

What is Doug Burgum known for in politics?

Doug Burgum is known for his ambitious goals, including making North Dakota carbon-neutral by 2030 and supporting technology in agriculture. He also played a role in reducing traffic deaths in the state and signed bills for tax relief and exemptions.

What is Doug Burgum’s estimated net worth in 2023?

Doug Burgum’s estimated net worth in 2023 is reported to be $1.1 billion.

Subhashree Panda

Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

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