Age, Biography and Wiki

Foster Friess (Foster Stephen Friess) was born on 2 April, 1940 in Rice Lake, Wisconsin, U.S., is an American investment banker and political donor (1940–2021). Discover Foster Friess's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 81 years old?

Popular As Foster Stephen Friess
Occupation Businessman politician philanthropist political donor
Age 81 years old
Zodiac Sign Aries
Born 2 April, 1940
Birthday 2 April
Birthplace Rice Lake, Wisconsin, U.S.
Date of death 27 May, 2021
Died Place Scottsdale, Arizona, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 2 April. He is a member of famous banker with the age 81 years old group.

Foster Friess Height, Weight & Measurements

At 81 years old, Foster Friess height not available right now. We will update Foster Friess's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Foster Friess's Wife?

His wife is Lynnette Estes (m. 1962)

Family
Parents Not Available
Wife Lynnette Estes (m. 1962)
Sibling Not Available
Children 4

Foster Friess Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Foster Friess worth at the age of 81 years old? Foster Friess’s income source is mostly from being a successful banker. He is from United States. We have estimated Foster Friess's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income banker

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Timeline

1940

Foster Stephen Friess (April 2, 1940 – May 27, 2021) was an American investment manager and prominent donor to the Republican Party and to Christian right causes.

Friess was born on April 2, 1940, in Rice Lake, Wisconsin, the son of Ethel (Foster) and Albert Friess.

He grew up on a farm, where his father was a cattle rancher.

As a student at Rice Lake High School, Friess was valedictorian of his class and a member of the basketball and track teams.

A first-generation college graduate, Friess attended the University of Wisconsin (now University of Wisconsin–Madison), where he earned a degree in business administration.

As a student, he served as president of Chi Phi fraternity, enrolled in the Reserve Officers' Training Corps, and was named one of the "ten most outstanding senior men."

1962

In 1962, he married fellow student Lynnette Estes, with whom he had four children.

Friess was a born-again Christian.

Friess often joked about his wealth in public appearances, while at the same time drawing attention to his financial status.

1965

In 1965, he began his investment career, joining the Brittingham family-controlled NYSE member firm in Wilmington, Delaware, where he eventually rose to the position of Director of Research.

1970

At an event to celebrate Friess' 70th birthday, he gave away $7.7 million to the guests' favorite charities.

He typically wore a cowboy hat in public.

1974

In 1974, Friess and his wife launched their own investment management firm, Friess Associates, LLC.

Although success came slowly in its early years, the firm grew to over $15.7 billion in assets managed.

1990

Forbes named the Brandywine Fund, a Friess Associates flagship that boasted an average of 20% annual gains in the decade ending in 1990, as one of the decade's top performers.

1992

He embraced the Western image as part of moving to Jackson Hole, Wyoming, in 1992.

He said he made the move because Wyoming's lack of an income tax helped him avoid "increasingly onerous" taxes in Pennsylvania.

Progressive website ThinkProgress reported Friess was funding Islamophobic campaigns, while he also made statements for moderate gay rights, citing them as an issue of religious liberty.

During a media interview, when asked on the issue of birth control, he said women should simply put an aspirin between their knees rather than take birth control.

After graduating from college, Friess trained to be an infantry platoon leader and served as the intelligence officer for the 1st Guided Missile Brigade at Fort Bliss, Texas.

1999

In 1999, CNBC dubbed Friess one of the "century’s great investors."

2001

In a 2001 article, BusinessWeek suggested Friess "may be the longest-surviving successful growth-stock picker, having navigated markets for 36 years, in his own firm since 1974."

In 2001, Friess Associates partnered with Affiliated Managers Group (AMG), an asset-management firm, to facilitate succession planning and to spread ownership among its partners.

AMG acquired a majority interest in Friess Associates in October 2001 and held a 70% interest as of September 2011.

A broad group of Friess partners, including senior management and researchers, held 20% equity ownership, while the Friess family retained 10%.

2006

Friess donated $250,000 to Rick Santorum's re-election campaign in 2006, and at least that amount to the Republican Governors' Association.

2011

According to campaign filings with the Federal Election Commission, Friess's contributions to the Red, White and Blue Fund amounted to more than 40% of its total assets, or $331,000 as of December 31, 2011.

The million-dollar donation was conveyed in four checks between November 2011 and January 2012.

In addition to Santorum's faith, opposition to women’s abortion rights, and hawkish foreign policy leanings, the possibility of defeating incumbent President Barack Obama was a major component of Friess's decision to back Santorum's campaign.

Friess reportedly considered major contributions to American Crossroads, the super PAC founded by Republican National Committee chair Ed Gillespie and former George W. Bush White House strategist Karl Rove.

Friess also donated $100,000 to Wisconsin Governor Scott Walker to help defeat the Democrats' recall effort in 2011.

He reportedly invested more than $3 million in conservative commentator Tucker Carlson's The Daily Caller website.

2012

Friess largely funded Santorum's unsuccessful campaign for the 2012 Republican presidential nomination.

Friess was instrumental in keeping Santorum's flagging campaign alive by financing a super PAC, the Red, White and Blue Fund, which ran television advertisements on behalf of Santorum, who was unable to run a television campaign with his own funds.

In the wake of the 2012 New Hampshire Republican primary, and before the South Carolina primary, Friess told Politico that he was "putting together a challenge grant to encourage other wealthy donors to give to the Red, White and Blue Fund, ... he said [the fund] received a $1 million check" the day after the New Hampshire vote.

2013

The company was purchased by its employees in 2013.

Friess was a longtime Republican Party mega-donor, giving millions of dollars to Republican and conservative causes, especially on the Christian right.

2018

He unsuccessfully sought the Republican nomination for governor of Wyoming in the 2018 election, losing in the primary to State Treasurer Mark Gordon.

2020

In early 2020, he said on his website that his business was worth $15 billion, although in 2012 he had told a reporter that he was not a billionaire.

Estimates at that time placed his wealth in the hundreds of millions.