Rich investor philanthropist Friess dies at 81 | Local
Foster Friess, a part-time Jackson resident, legendary investor, philanthropist and political insider, died Thursday at his home in Scottsdale, Arizona. He was 81 years old.
The announcement came from Foster’s Outriders, the charity through which Friess has donated tens of millions of dollars to Jackson and around the world.
A statement from the Friess family said they were “grateful to the many people who shared their prayers during your illness” and that “we know that many of you mourn with us.”
No cause was given, but the Jackson Hole News & Guide reported in January that Friess was battling a cancer of the bone marrow called myelodysplasia.
In this story, Amy Moore, head of the PAWS of Jackson Hole animal charity, reacted to a surprise $ 100,000 donation from Friess and his wife Lynnette, saying, “It’s amazing to see people with this level of wealth give back to the community. . … We all almost burst into tears.
News of Friess’s death indicated that he had given over $ 500 million in his lifetime. The January News & Guide story said his donations over the past 21 years had totaled around $ 360 million.
In January, Friess gave $ 40 million by making a list of 400 people he knew and letting each of them decide how to lead $ 100,000. At least 35 of the recipients were in Jackson Hole and many more in Wyoming.
Friess was also active in conservative Republican politics, not only as a source of donations, but as a candidate. He lost the 2018 Wyoming governor’s primary to eventual Governor Mark Gordon by a margin of around 37,000 to 29,000 votes.
Friess was also an early prospect in the 2020 primary campaign for the U.S. Senator from Wyoming, which was ultimately won by Cynthia Lummis.
More information on Friess’ life will be published in the Jackson Hole News & Guide on June 2.