What was Foster Friess’ web price?
Foster Friess was an American businessman, investor, and philanthropist who had a web price of $140 million. Foster Friess was identified for founding the agency Friess Associates and for being a serious benefactor of conservative and Christian causes within the U.S. Over his profession, he constructed vital wealth by way of progress‐inventory investing and used that platform each to affect public coverage and to assist youth activism aligned along with his values.
Certainly one of his extra lasting political legacies is his early assist for Turning Level USA, a company based in 2012 to advertise conservative concepts amongst school and high-school college students. Friess was among the many first to supply monetary backing for the group and served on its advisory council, serving to finance its launch and progress alongside different conservative donors. His contributions to Turning Level USA tied into a bigger sample: utilizing assets not just for electoral politics, however for shaping institutional infrastructure that would maintain conservative activism for years.
Early Life
Foster Stephen Friess was born on April 2, 1940, in Rice Lake, Wisconsin. He grew up in a rural atmosphere, the son of a cattle rancher and farmer, which instilled in him early values of self-reliance and laborious work. After highschool, he attended the College of Wisconsin, incomes a bachelor’s diploma in enterprise administration. He additionally served within the U.S. Military as an intelligence officer, an expertise that he later stated formed his self-discipline and determination making, traits that may serve him properly in investing and management.
Profession in Finance
After his army service, Friess pursued a profession in funding, ultimately founding Friess Associates in 1974. The agency grew to become identified for its growth-stock methods and managing the Brandywine Fund, amongst different portfolios. Over a long time, he cultivated a fame for figuring out firms with robust earnings progress potential. His monetary success allowed him each affect and capability for large-scale philanthropy and political giving.
(Alberto E. Rodriguez/Getty Photographs)
Political Involvement and Help for Turning Level USA
Friess was a widely known Republican mega-donor, supporting candidates and causes aligned with conservative Christian values. One significantly vital relationship was with Charlie Kirk, who based Turning Level USA in 2012. On the 2012 Republican Nationwide Conference, Kirk met Friess and persuaded him to supply seed funding for Turning Level USA. Friess is credited as one of many first main donors to the group, serving to to get it off the bottom.
Along with monetary assist, Friess served on the advisory council for Turning Level USA. His contributions, each financial and advisory, helped set up TPUSA as a well-funded youth conservative group centered on campus outreach, pupil activism, and ideological training.
Philanthropy
Friess’s philanthropic efforts had been broad: by way of his basis and private giving, he supported Christian ministries, clear water and medical initiatives overseas, training and scholarship applications, catastrophe aid, and neighborhood initiatives. He believed strongly in utilizing wealth to advance faith-based initiatives, free enterprise, and conservative cultural values.
Later Life and Legacy
Friess ran for Governor of Wyoming in 2018 however misplaced within the Republican main. He remained energetic in political giving up till his demise in 2021, together with persevering with to assist establishments and causes that mirrored his values. Friess handed away on Might 27, 2021, forsaking a legacy of enterprise success, political activism, and philanthropy. Amongst his lasting impacts is the position he performed in launching Turning Level USA—a company that has since grown into a major pressure in youth conservative activism. His early involvement with Charlie Kirk and different younger activists illustrates how strategic seed-level donor assist may help construct enduring institutional affect.
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