![]() ![]() In 2010, he was a founding investor in The Daily Caller, Tucker Carlson and Neil Patel’s conservative news and opinion website. He sold a controlling interest in Friess Associates to the Affiliated Managers Group in 2001. His flagship asset, the Brandywine Fund, swelled to more than $15 billion. He graduated from the University of Wisconsin in Madison with a degree in business administration and served in the Army as an intelligence officer for a guided-missile brigade at Fort Bliss in Texas.Īfter working in finance for several years, he founded the investment management firm Friess Associates in 1974 and was soon regarded as a first-rate stock picker. “My mom dropped out of school in eighth grade to pick cotton and save the family farm. “I came from nothing,” he told The New York Times in 2018 during his campaign for governor when asked if he himself might be considered one of the “elites” he was railing against. His father, Albert, was a cattle rancher, and his mother, Ethel (Foster) Friess, was a homemaker. “Then he sat back and waited for the mayhem.”įoster Stephen Friess was born on April 2, 1940, in Rice Lake, Wis. “Friess asked the lucky winner to stand up and shout, and for the other guests to remain seated,” the account continued. When the time came to announce the winner, the servers at the Four Seasons Resort, where the party was being held, distributed envelopes to the guests. “In the invitations to the party, Friess, a born-again Christian, had asked the guests to identify their favorite charity that reflected the values of his favorite quote from Galatians: ‘Carry each other’s burdens, and in this way you will fulfill the law of Christ.’ He vowed to give $70,000 to the most worthy nominee.” His 70th-birthday party in 2010 in Jackson Hole, Wyo., where he lived much of the year, was the stuff of legend. Friess had donated $500 million in his lifetime. Foster’s Outriders and the Lynn and Foster Friess Family Foundation have provided scholarships, financed work for homeless people, supported water projects in Africa and much more. Friess, an evangelical Christian, and his wife, Lynnette, provided was to charities. Trump.īut to many, the most important support that Mr. ![]() Friess became one of the first Republican megadonors to embrace Donald J. In the political arena he was primarily known for his donations, particularly to the presidential bids of Rick Santorum, the former United States senator from Pennsylvania, in the 20 campaigns. Friess’s run for governor was his only try at major elected office. Friess “a strong and steady voice for Republican and Christian values.” Friess in the Republican gubernatorial primary in 2018, called Mr. His organization, Foster’s Outriders, which confirmed the death, said he had been receiving care at the Mayo Clinic there for myelodysplastic syndrome, a disorder of the blood cells and bone marrow. Foster Friess, a Wyoming businessman who founded an investment firm, made a fortune and gave a lot of it away to Republican presidential candidates and charities, sometimes with flair, died on Thursday in Scottsdale, Ariz. ![]()
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