Doeden’s portfolio: Real estate, car dealerships, bitcoin and a TIF

June 22, 2026 - 07:56

The Aberdeen businessman who jumped into the 2026 race for South Dakota governor has built a fast-growing fortune since the pandemic, with investments spanning real estate, car dealerships, and even bitcoin. His portfolio, which also includes a tax increment financing (TIF) arrangement, reflects a rapid rise in wealth that has drawn both attention and scrutiny.

Doeden's holdings include multiple commercial properties and auto dealerships across the region, sectors that saw significant gains during the post-COVID economic rebound. His foray into cryptocurrency, specifically bitcoin, added another layer of volatility and potential profit to his financial picture. The TIF, a public financing tool used to fund infrastructure improvements, has been a point of debate locally, with critics questioning whether it gave him an unfair advantage over competitors.

Supporters point to his business acumen as a sign he could bring a fresh, private-sector perspective to the governor's office. They argue his ability to navigate different markets shows the kind of leadership needed to manage the state's budget and economic development. Detractors, however, say the TIF arrangement and his rapid accumulation of wealth raise questions about transparency and whether his business interests would influence policy decisions.

As Doeden campaigns, he will likely face pressure to release detailed financial records and explain how his business dealings align with his vision for South Dakota. His wealth, built in a short time, is both a selling point and a potential liability. Voters will have to decide whether his success story represents the kind of outsider leadership they want or a concentration of power that needs closer examination.