UPDATE: Wyoming businessman and Republican donor Foster Friess has confirmed that he will be running for Governor.

Friess plans to run for one term only and plans to donate his entire Governor’s salary to charities picked selected by Wyoming residents.

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The Politico website is reporting that Wyoming multi-millionaire and political donor Foster Friess will announce he is running for Governor.

K2 Radio has also heard from another source that he will make the announcement at the state Republican Convention going on in Laramie this weekend.

Friess had talked about the possibility of running for Senator John Barrasso's seat, but has apparently decided to enter the gubernatorial race instead.

Politico described his political donations in the article.

"Friess, a multi-millionnaire, made his money in investing and asset management. He has demonstrated a willingness to spend his own money on politics in the past: Friess has given millions of dollars to Republican candidates and causes over the last decade, according to federal campaign finance records. In 2012, Friess was the major donor to the super PAC supporting former Sen. Rick Santorum’s presidential campaign, giving over $1.7 million to boost Santorum's campaign.

Friess has been active in other gubernatorial races so far this year. He donated money to Nevada Attorney General Adam Laxalt, the frontrunner for the Republican nomination there, and he was listed on the finance leadership team for Rep. Ron DeSantis' gubernatorial campaign in Florida. In March, Friess penned an op-ed in USA Today in which he promised to match up to $2.5 million in donations to organizations that improve school safety and help with youth mentoring as a way to reduce gun violence."