American investment manager and Republican donor Foster Friess has died aged 81. We take a look at Friess’ net worth, wife Lynnette and children.
Foster Friess, a prominent GOP donor, investor and previous Wyoming governor candidate, passed away on Thursday, May 27th. He was 81 years old.
Friess became known for his philanthropic endeavors and has donated over $500 million during his lifetime, according to a press release.
The investor is survived by his wife Lynnette, their children and grandchildren.
Foster Friess has died aged 81
Foster Friess died on Thursday, May 27th, his family confirmed. Fox News reported in March this year that Friess was battling myelodysplastic syndrome, a cancer that affects the bone marrow.
His family said in a statement: “We are grateful for the wonderful life Foster lived and thankful to the many people who have shared their prayers during his illness. We know many of you mourn with us, and we will have more details soon on Foster’s funeral.”
Friess was born April 2nd, 1940 in Rice Lake, Wisconsin, where he grew up on a family farm. He studied a bachelor’s degree in business administration at the University of Wisconsin and went on to serve as president of the Chi Phi Fraternity.
Friess was a major donor behind Rick Santorum’s presidential campaign in 2012.
People who have known and worked with him have paid their respects and shared poignant tributes on social media.
What was Foster Friess’ net worth?
- An estimation of $140 million.
Celebrity Net Worth reports that Friess’ net worth was $140 million. He earned his wealth through the mutual fund manager Friess Associates.
A 2012 report by Forbes notes that he reportedly sold a 51 percent stake in his company to AMG for $247 million in 2001, although he still owned 10% of the firm. He has donated over $500 million in his lifetime, a press release announcing his death states.
Previous blogs and news outlets referred to Friess as “billionaire Foster Friess.” In 2012 interview, he told The Washington Post: “My wife came to me and said, ‘Have you been holding out on me?’ People asked, ‘So what are you — a multimillionaire?’ I like to say a billionaire wanna-be.”
Foster Friess: Wife and children
Friess is survived by his wife Lynnette, their four children and fifteen grandchildren.
They married in 1962 and set up Friess Associates in 1974.
The Friess family moved to Jackson, Wyoming, in 1992, where they continued to grow their company and support various conservative causes, as well as philanthropic and charitable foundations.