Although we’d like to believe that our elected officials are selfless public servants who put the needs of their citizens ahead of their own, the reality is that many of them make substantial sums of money from activities unrelated to politics. Three of the current governors on this list are billionaires, and one is widely regarded as the richest politician in the United States in 2023.
Doug Burgum Net Worth
Doug Burgum’s fortune was pegged at more than $1.5 billion.
Burgum began his career as an entrepreneur in 1983, when he mortgaged the farms he had inherited in order to make an investment in Great Plains Software. Burgum made a pivotal step in 2001 when he sold Great Plains Software to Microsoft for an unprecedented $1.1 billion.
After the deal closed, Burgum remained active in the business. While at Microsoft, he managed the company’s Business Solutions group and chaired the boards of both Atlassian and SuccessFactors.
Burgum also pursued a career in politics, eventually becoming North Dakota’s 33rd governor in 2016.
Doug Burgum: The Entrepreneur Who Became Governor
Doug Burgum got his start by using the equity in the farm he inherited as collateral for investments.
in an innovative software company known as Great Plains Software. Under his leadership, the company expanded into a major software developer.
After selling his company to Microsoft, Doug Burgum oversaw Microsoft Business Solutions. In addition to launching the consultancy firm Kilbourne Group, he has served as chairman of the boards at software companies Atlassian and SuccessFactors and as a co-founder of the software investment firm Arthur Ventures.
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The businessman-turned-politician announced his intention to run for governor of North Dakota on the Republican ticket. At first, Wayne Stenehjem beat him out for the endorsement of the state Republican party for governor. But in the 2016 general Gubernatorial election, he defeated Wayne and won.
Doug Burgum successfully ran for reelection in 2020, defeating Shelley Lenz, a veterinarian.
Doug Burgum declared his candidacy for president of the United States in the 2024 election on June 7, 2023.
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