Doug Burgum was born on August 1, 1956, and raised in the small farming community of Arthur, North Dakota. His parents, Katherine Burgum and Joseph Burgum, were involved in farming and instilled in him a strong work ethic from an early age. Burgum attended North Dakota State University (NDSU) and received his undergraduate degree. His interest in business and technology led him to pursue an MBA at Stanford University, further cementing his path to entrepreneurial success.
Profession
Doug Burgum's career has been marked by significant accomplishments in technology and real estate. After graduating from Stanford University in 1980, Burgum joined global management consulting firm McKinsey & Company. However, his entrepreneurial spirit soon brought him back to North Dakota.
Great Plains Software
In 1983, Burgum invested in Great Plains Software, a small startup focused on accounting software. He joined the company as a member of the early management team and played a key role in its growth. Under his leadership, Great Plains Software expanded its product offerings and customer base to become a leading provider of business software solutions. In 1997, the company went public, further improving its financial position.
Microsoft acquisition
In 2001, Microsoft acquired Great Plains Software for $1.1 billion. This acquisition marks a major milestone in Burgum's career, establishing him as a prominent figure in the technology industry. Following the acquisition, Burgum served as senior vice president of Microsoft, leading the Business Solutions group until his departure in 2007.
Kilburn Group
After leaving Microsoft, Burgum founded Kilbourne Group, a real estate development company focused on revitalizing downtown Fargo, North Dakota. The company's mission is to create vibrant urban spaces that foster community engagement and economic growth. Through Kilbourne Group, Burgum has played an important role in transforming Fargo's downtown area, bringing new life to historic buildings and promoting sustainable development.
Political career
In 2016, Doug Burgum entered politics and ran for governor of North Dakota. Burgum campaigned on a platform of economic diversification, education reform and government efficiency, leveraging his business acumen and commitment to innovation. He won the election and took office in December 2016.
interpersonal relationships
Doug Burgum's personal life is as dynamic as his professional life. In 1981, he married his first wife, Karen Stoker, and they have three children: Jesse, Joe and Tom. The couple divorced in 2003.
In 2016, Burgum married Kathryn Helgaas, a successful entrepreneur and executive in her own right. Catherine has been a supportive partner, accompanying him on many public and private engagements. The couple's bond was further strengthened by their shared interest in community development and philanthropy.
real estate
Doug Burgum's real estate investments through the Kilbourne Group have had a significant impact on Fargo's urban landscape. The company's projects aim to preserve historic buildings while introducing modern amenities and promoting economic growth. Some notable projects include the renovation of the iconic Fargo Theater and the conversion of the former Strauss Costumes Building into a mixed-use space.
Kilbourne Group’s commitment to sustainability and community engagement is evident in its approach to property development. The firm's projects often incorporate green building practices, public spaces and local art to create a sense of place and belonging for residents and visitors.
net worth
Doug Burgum's net worth is estimated to be approximately $1.1 billion, thanks in large part to the successful sale of Great Plains Software to Microsoft and his subsequent investments in real estate and politics. His investments in technology and real estate have produced handsome returns, making him one of the wealthiest men in North Dakota.
age
As of 2024, Doug Burgum is 67 years old. His age did not slow him down and he continued to aggressively pursue his business and political careers with the same enthusiasm and energy that he had in his early career.
Philanthropy and community involvement
In addition to his professional achievements, Doug Burgum is dedicated to philanthropy and community service. He donated generously to a variety of causes, including education, health care and the arts. Burgum's contributions have supported NDSU scholarships, the expansion of the Sanford Health System and numerous cultural initiatives in Fargo.
His philanthropic efforts reflect his belief in the power of community and the importance of giving back. Burgum’s leadership in the public and private sectors stems from a desire to create positive change and improve the lives of those around him.
in conclusion
Doug Burgum's rise from a small-town boy in North Dakota to a billionaire entrepreneur and influential political leader is a testament to his determination, vision, and unwavering commitment to innovation and community development. His career spans multiple industries, each with significant achievements and contributions. As Burgum continues to lead North Dakota into the future, his legacy as a transformational leader and dedicated public servant is firmly established.
Whether working in technology, real estate, or politics, Doug Burgum embodies the qualities of a true leader: resilience, creativity, and a deep sense of responsibility to his community and beyond. His story inspires aspiring entrepreneurs and public servants, showing that through hard work and vision, it is possible to have a lasting impact on the world.