Foster Stephen Friess was an investment manager from American. He was also a leading donor to the Republican Party and Christian right causes. About his details. He was born on April 2nd in the year 1940. He was born in Rice Lake, Wisconsin. His father was a livestock dealer. He was a student at Rice Lake High School. He was the best student in his class as well as a member of the basketball and track teams.
He enrolled at the University of Wisconsin, from where he received a degree in business administration. As a college student, he worked as the president of the Chi Phi community. He was registered in the Reserve Officers’ Training Corps and has been named one of the “ten most outstanding senior men.” He was married to a fellow student Lynnette Estes in the year 1962. Later the couple had four children. He was later transformed into a personal belief in Christ. He disastrously sought the Republican candidate for the governor of Wyoming in the year 2018 election. He was diagnosed with myelodysplasia in September of the year 2020. At the age of 81, on May 27th in the year 2021, he died in Scottsdale, Arizona.
Career & Life Of Foster Friess
Foster Friess has proved to be qualified to be an infantry team leader. He was working as the intelligence officer for the 1st Guided Missile Brigade. He started his investment career by participating in the Brittingham family-operated NYSE member company in Wilmington, Delaware, where he ultimately grew to the position of Director of Research in the year 1964. Later in 1974, he and his wife introduced their own investment management company, which was named Friess Associates, LLC. In the year 2001, Friess Associates entered into a partnership with Affiliated Managers Group, which was an asset-administration firm. It enables succession management and spreads possession amongst its partners. Only a small number of hid works are referred to here.
Awards And Recognitions Received By Foster Friess
Foster Friess has won numerous awards for his religious work, which includes the Horatio Alger Award from the Horatio Alger Association of Distinguished Americans in the year 2012 and the Canterbury Medal after his work for Beckett Fund for Religious Liberty. He has also received the Adam Smith Award from Hillsdale College, the Albert Schweitzer Leadership Award from the Hugh O’Brian Youth Leadership Foundation, the David R. Jones Award for his Leadership in Charity Work, and a Medal of Distinction from the University of Delaware.
Foster Friess Net Worth
Foster Fries has an estimated net worth of 140 million dollars. He has earned his net worth from his firm known as Friess Associates. A report by Forbes in the year 2012 notes the fact that he sold 51 percent of his stake in his company to AMG, which was worth 247 million dollars in the year 2001. But he still owned 10 percent of the firm. He has donated over 500 million dollars in his lifetime, a press statement declaring his death states. In the last three weeks of March in the year 2021, he donated nearly about 78 thousand dollars to political causes, states ABC News. He once gave away 7.7 million dollars to the guests’ favorite charitable organization to celebrate his 70th birthday. He also donated 250 thousand dollars to Rick Santorum’s during the re-election campaign in the year 2006.
Friess supported a matching grant program which was to raise two million dollars for humanitarian assistance efforts for the year 2004 Indonesian tsunami and traveled to the regions which were most affected by the earthquake and tsunami. He funded another matching donation for Hurricane Katrina relief efforts which was raising more than four million dollars. His donations to the Red, White, and Blue Fund which has an amount equal to or more than 40 percent of its total assets. He also donated 100 thousand dollars to Wisconsin Governor Scott Walker to assist in the loss of the Democrats’ recall effort in the year 2011. In the year 2016, he began to support Rachel’s Challenge, which was a non-profit organization that was begun in the name of Rachel Scott. Only some of his activities are mentioned above.