Foster Stephen Friess was born on the 2nd April 1940 in Rice Lake, Wisconsin USA, and is a businessman and investment manager, who is probably best recognized for establishing his own company named Friess Associates. He is also known as a huge supporter of conservative Christian causes. His career has been active since 1964.
So, have you ever wondered how rich Foster Friess is, as of mid-2016? According to authoritative sources, it has been estimated that Foster counts his net worth at the impressive amount of $100 million, which has been accumulated through his successful involvement in the business industry, as an investment manager and owner of a company.
Foster Friess Net Worth $100 Million
Foster Friess is the son of a cattle dealer, and spent his childhood on the family farm. He attended Rice Lake High School, after which he enrolled at the University of Wisconsin, from which he graduated with a BA degree in Business Administration; while there, he was also the president of the Chi Phi Fraternity. He was very active in sports too, as he was a track and field athlete, and a member of the basketball college team. He was also valedictorian of his class, and was named one of the “ten most outstanding senior men”, as he entered the Reserve Officers’ Training Corps. Upon graduation, he wanted to become an infantry platoon leader, so he served at Fort Bliss, Texas as the intelligence officer for the First Guided Missile Brigade.
Foster’s professional career in the business industry began in 1964, when he started working as an investment manager at the NYSE-member firm in Wilmington, Delaware, which was controlled by the Brittingham family. Thanks to his knowledge and skills, he climbed his way up in the company, and quickly became Director of Research, increasing his net worth to a large degree.
Subsequently, Foster co-founded with his wife their own firm called Friess Associates, LLC, an investment management company. As the firm has grown in its worth, so has his net worth, and his name became well-known in the world of business. In 2001, he started a partnership with another company called Affiliated Managers Group (AMG), which added a lot to his net worth; however, the company was sold to its employees in 2013.
If to talk about his personal life, Foster Friess has been married to Lynnette Estes since 1962; the couple has has four children and eight grandchildren. In his spare time, Foster is very active in politics. Speaking about Foster’s religion, he is known in the media as a born-again evangelical Christian, and he has won numerous awards for his religious work, such as the Horatio Alger Award by the Horatio Alger Association of Distinguished Americans, Canterbury Medal from the Beckett Fund for Religious Liberty, etc.
Foster is also a noted philanthropist, known for establishing the Friess Family Foundation, which helped other charities such as Water Missions International, and he is also the founder of the Friess Family Community Campus.
