Foster Stephen Friess was an American investment manager and donor to the Republican Party and Christian right organizations. In the 2018 election, he ran for governor of Wyoming as a Republican, but lost to State Treasurer Mark Gordon in the Republican primary.
Foster was named one of the “century’s great investors” by CNBC in 1999. Friess “may be the longest-surviving successful growth-stock picker, having navigated markets for 36 years, in his own business since 1974,” according to a 2001 BusinessWeek article.
Foster Friess Age, Date of Birth, Birthday, Family, what about his father, mother, where is Foster Friess from? Early life
Foster Friess was born in Rice Lake, Wisconsin, on April 2, 1940. After being diagnosed with bone marrow cancer in March of the same year, he died on May 27, 2021, at the age of 81. By nationality, he holds an American nationality and belongs to White ethnicity to learn more about him, as he was born on April 2, his zodiac sign is Aries as those who born on April 2nd fall under the zodiac sign of Aries. However, it’s not confirmed or stated officially.
When talking about his family, their details are kept private. There is no any information about his family and family background. The details about his family and family background are still under review. There is not much info regarding Foster Friess’s family background and parents on the internet as well. He is also secretive about his siblings and friends.
Foster Friess’s Career
Foster served as the intelligence officer for the 1st Guided Missile Brigade at Fort Bliss, Texas, after graduating from college and training to be an infantry platoon leader. He began his investment career in 1964, when he joined the Brittingham family’s NYSE member business in Wilmington, Delaware, where he rose to the post of Director of Research.
Friess and his wife founded Friess Associates, LLC, an investment management company, in 1974. Although success was slow in the beginning, the firm eventually grew to manage approximately $15.7 billion in assets.
Forbes named the Brandywine Fund, a flagship of Friess Associates, as one of the decade’s top performers, with an average annual gain of 20% in the decade ended 1990.
To facilitate succession planning and spread ownership among its partners, Friess Associates partnered with Affiliated Managers Group (AMG), an asset management company, in 2001. In October 2001, AMG acquired a majority interest in Friess Associates and owned a 70% interest as of September 2011.
A diverse group of Friess partners, including senior management and researchers, owned 20% of the company, while the Friess family maintained 10%. In 2013, the firm was bought by its employees.
Foster Friess Net worth, how much he has earned from his career?
When talking about Foster Friess’s Net worth, it is no doubt he has earned and has whopping amount of money. As per Wikipedia, he has net worth of $1.1 billion as of 2021. Which is obvious as he is one of the most well-known investors in the world.
Talking about his wife’s net worth, there is no information on Lynnette Estes’s actual net worth. She was, as previously said, an occasional author who wrote children’s books, as well as a well-educated person who graduated from the University of Wisconsin.
She’s also on the Board of the National Cowboy and Western Heritage Museum and serves as a Trustee for the NMWA, so she must have a sizable net worth.
Foster Friess Wife, is he married? what about children?
Following the recent death of Foster Friess, you might be interested in learning more about his wife. So, here’s all you need to know about her. Foster Friess was married to his fellow classmate Lynnette Estes. She was born in the year 1940, according to Amazon, thus her present age is estimated to be around 81. Lynette and Foster married each other in the year 1962, and they had been together for almost 58 years until Foster’s death.
They had four children together, and she is also the grandma of ten more children, through their years together. His son Steve Friess, Michael Friess, daughter Carrie Madden Friess, and an undisclosed child are their four children.
To learn more about Lynnette Estes, she is author who writes children’s books and fairy tales on occasion. She is most known for being the wife of an American former investor and prominent Republican Party donor, rather than for her occasional writing career. Lynette has been seen a lot recently after her spouse died on May 27, 2021.
Is he available on any Social media platform?
Moreover, he is actively available on social media like Instagram, Facebook and Twitter with a good fan following. You can find Foster’s Instagram account under the name @foster_friess. On his Instagram, he is followed by around 6,746 followers as of now.
He also has an official Facebook under his name with 14K Followers and you can find his Twitter account under the name @FosterFriess on which he has over 9.9k followers. He joined Twitter in January 2009. Furthermore, he also has an official website.
Where he attended his High school and University?
Friess was a first-generation college graduate who received a bachelor’s degree in business administration from the University of Wisconsin (which is now known as University of Wisconsin–Madison).
He was president of the Chi Phi fraternity as a student, enrolled in the Reserve Officers’ Training Corps, and was named one of the “ten most outstanding senior men” at the university. He married fellow classmate Lynnette Estes in 1962, and they had four children together.
Friess was valedictorian of his class and a member of the basketball and track teams at Rice Lake High School.
Friess claimed to be a devout Christian. Despite his professional success, he was dissatisfied due to a “marriage flirting with divorce and emotionally distant children,” and as a result, he became a born-again in October 1978.
People also ask
Foster Stephen Friess was an American investment manager and donor to the Republican Party and Christian right organizations, who recently died on May 27, 2021, at the age of 81 after being diagnosed with bone marrow cancer in March of the same year.
Foster Friess was born in Rice Lake, Wisconsin, on April 2, 1940. So as of 2021 and before his death, he was 81 years old.
Foster Friess was married to his fellow classmate Lynnette Estes who is an author for children’s books and fairy tales on occasion. Lynette and Foster married each other in the year 1962, and they had been together for almost 58 years until Foster’s death. They had four children together, and she is also the grandma of ten more children, through their years together. His son Steve Friess, Michael Friess, daughter Carrie Madden Friess, and an undisclosed child are their four children.
As per Wikipedia, he has a net worth of $1.1 billion as of 2021. This is obvious as he is one of the most well-known investors in the world.
At an event to celebrate his 70th birthday, Friess gave $7.7 million to the attendees’ favorite charities, which was shared among every table.
Foster Friess ‘s Body Appearance Height, Weight in 2021
Interesting facts about Foster Friess which you should be known
|Net Worth||$1.2 Billion|
|Children||Steve Friess (Son) |
Michael Friess (Son)
Carrie Madden Friess (Daughter)
and one more (undisclosed)