Business

Foster Friess, Big Donor to Republicans, Dies at 81

Foster Stephen Friess was born on April 2, 1940, in Rice Lake, Wis. His father, Albert, was a cattle rancher, and his mother, Ethel (Foster) Friess, was a homemaker.

“I got here from nothing,” he instructed The New York Occasions in 2018 all through his advertising marketing campaign for governor when requested if he himself is maybe thought-about certainly one of many “elites” he was railing in opposition to. “My mother dropped out of college in eighth grade to select cotton and save the household farm. My dad had a highschool schooling.”

He graduated from the College of Wisconsin in Madison with a stage in enterprise administration and served throughout the Military as an intelligence officer for a guided-missile brigade at Fort Bliss in Texas.

After working in finance for quite a few years, he primarily based the funding administration company Friess Associates in 1974 and was rapidly considered a first-rate inventory picker. His flagship asset, the Brandywine Fund, swelled to better than $15 billion. He supplied a controlling curiosity in Friess Associates to the Affiliated Managers Group in 2001.

On the political side, Mr. Friess did better than assist candidates. In 2010, he was a founding investor in The Each day Caller, Tucker Carlson and Neil Patel’s conservative data and opinion website online.

In 2012 Mr. Friess supported Mr. Santorum not loads because of he agreed with all his insurance coverage insurance policies — “I attempt to discuss him out of them,” he instructed the broadcaster Lou Dobbs in February 2012 — nevertheless because of he thought the Republican Celebration needed a model new face.

Show More

Related Articles

Back to top button