Foster Friess, a major Republican donor, dies at the age of 81

Foster Friess, a Wyoming businessman who founded an investment company, made a fortune and donated much of it to Republican presidential candidates and charities, sometimes cleverly, at the age of 81 on Thursday in Scottsdale, Arizona. Died in.

His tissue, Foster’s Outriders, who confirmed the death, said he was being treated at the Mayo Clinic for myelodysplastic syndrome, a disorder of blood cells and bone marrow.

On Twitter, Wyoming Governor Mark Gordon, who defeated Fries in the 2018 Republican Preliminary Round, called Fries “a strong and stable voice of Republican and Christian values.”

Fries’s run for governor was the only attempt in a major elected position. In the political arena, he was known primarily for his 2012 and 2016 campaigns for donations to the presidential election of former United States Senator Rick Santorum in Pennsylvania. After leaving, Fries became one of the first Republican megadonors to support Donald J. Trump.

But for many, the most important support provided by evangelical Christian Fries and his wife, Lynette, was to charity. The Fosters Outriders and Lynn and Foster Milling Family Foundation provide scholarships, fund the work of homeless people, and support water projects in Africa. According to his organization, Mr. Fries has donated $ 500 million in his lifetime.

The 70th birthday party in 2010 in Jackson Hall, Wyoming was legendary, where he lived for most of the year. Website In 2011, he explained:

In the party invitation, the newborn Christian Fries asked guests to identify their favorite charities that reflected the value of their favorite quotes from Galatian followers. The Law of Christ “He vowed to give the most valuable candidate $ 70,000.

When it was time to announce the winners, the Four Seasons Resort server, where the party was held, handed out envelopes to the guests.

“Fleece stood up and shouted at the lucky winner and asked the other guests to stay seated,” the account continued. “Then he sat down and waited for the mayhem.”

When people opened the envelope, someone at each table stood up and shouted, “I won!” He funded all requests at a cost of $ 7.7 million.

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

“I came from nothing,” he said. Told the New York Times In 2018, when asked if he was considered one of the “elite” he was criticizing during the governor’s election campaign. “My mother dropped out of school when she was in eighth grade to choose cotton and protect her family’s farm. My dad had a high school education.”

He graduated from the University of Wisconsin in Madison with a bachelor’s degree in business administration and served in the Army as an intelligence officer for the Guided Missile Brigade at Fort Bliss, Texas.

After working in the financial industry for several years, he founded an investment management company. Milling Associates Founded in 1974, it was quickly regarded as a prestigious stock picker. His flagship asset, the Brandywine Fund, has grown to over $ 15 billion. He sold control of Friess Associates to Affiliated Managers Group in 2001.

On the political front, Fries did more than help the candidate. In 2010, he was the founding investor of The Daily Caller, Tucker Carlson, and Neil Patel’s conservative news and opinion website.

In 2012, Fries didn’t really support Santram. A new face.

“These old veteran warhorses are having a hard time making,” he said in “Lou Dobbs Tonight.” “Doll couldn’t achieve it, McCain couldn’t achieve it. Democrats. So Gore couldn’t make it, and Kelly couldn’t make it. So the Democrats brought a new face, brought Carter out of nowhere, and Clinton out of nowhere. , Brought Obama out of nowhere. “

Later that month, when Fries asked Andrea Mitchell at MSNBC whether Santram’s remarks on “the dangers of contraception” would adversely affect his campaign, Fries made a headline. I did.

“In the old days, I used Bayer’s aspirin for contraception. Gals put it between their knees, but it wasn’t too expensive.”

Mr. Santram’s primary began strongly but declined, and Obama defeated Mitt Romney to win his second term.

In the next presidential election, Mr. Fries also initially supported Mr. Santram. In mid-2015, as the Republican territory was flooded with candidates and the level of meanness increased, he called on the candidates to “keep out of courtesy hold.”

In May 2016, Fleece upheld Trump’s allegations after Mr. Santram withdrew from the election campaign and Mr. Trump won the Republican nomination, but Trump showed the very rudeness he blamed. Admitted that he made progress — he expected that what he expected would turn into a more presidential tenor

“Donald’s strategy seems to be working,” Fries told CNN that month. “But I’m sure he’ll change.”

Fries has been in favor of Trump throughout his administration, and when Trump ran for governor, the Trump family tried to give back. President’s son Donald Jr. was a star tribute to Casper, Wyoming. He supported Mr. Trump in a paper opinion article. He was quiet himself, but offered to post to Twitter in support of Mr. Fries later in the campaign. Mr. Gordon’s victory is evidence of Mr. Trump’s vulnerability. Quoted by some, others regarded it as a more local issue.

Three weeks ago, lawyer and businessman Darin Smith claimed that Trump had “probably” won the 2020 presidential election. Announced He will challenge Wyoming Republican Congressman Liz Cheney. Was critical Mr. Trump said Fleece will chair the election campaign in the 2022 primary.

Mr. Fries’ 58-year-old wife, Lynette Estes Fries, survived him, as did his four children, Tracy, Stephen, Carrie, and Michael. Brother, Hermann. And 15 grandchildren.

Foster Friess, a major Republican donor, dies at the age of 81

Source link Foster Friess, a major Republican donor, dies at the age of 81

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