Profil Financier
Donald Friese occupe actuellement le rang #2359 du classement mondial StarFortune (secteur industrie & manufacturing). Fortune nette estimée : $1.8 B ($0 sur 24h).
Donald Friese's fortune stems from C.R. Laurence, which manufactures or distributes more than 65,000 products for the glass industry.
In 2015 he sold C.R. Laurence to a big customer, Oldcastle BuildingEnvelope, a subsidiary of Irish conglomerate CRH, for $1.3 billion in cash.
Friese grew up a poor orphan in rural Pennsylvania, going to work on a dairy farm at age 12 before enlisting in the Army after high school.
After a three-year tour, he moved to California with just $125 and landed in the warehouse of C.R. Laurence, then a small distributor of supplies.
He climbed the ladder, amassing equity in the company until he owned 100%, and expanded by purchasing competitors and moving into manufacturing.
When Friese sold C.R. Laurence, he gave his employees $85 million. All 1,600 longtime workers got a bonus check -- some for more than $1 million.
Since he retired in 2018, Friese has been focusing on philanthropy through his family foundation. He has so far donated at least $60 million to the organization.