Milane Frantz
| Milane Duncan Frantz | |
|---|---|
| Born |
Milane Diane Duncan 1970 (age 44–45) |
| Residence | Houston, Texas |
| Nationality | United States |
| Net worth |
 US$ 5.8 billion(March 2015)[1] |
| Spouse(s) | married |
| Parent(s) |
Dan Duncan Jan Ellis |
| Family |
Randa Duncan Williams (sister) Dannine Duncan Avara (sister) Scott Duncan (brother) |
Milane Frantz (née Duncan), is a billionaire heir to the Duncan family fortune through the Enterprise Products, which remains under family control.
Biography
Frantz is the daughter of Lee Ellis and Dan Duncan who co-founded Enterprise Products Partners LP and then took it public in 1998.[2] In 2010, Enterprise consisted of over 48,700 miles of onshore and offshore pipelines and nearly 220 million barrel equivalents of natural gas and natural gas liquids of storage capacity.[3] He also headed mid-stream energy firms Duncan Energy Partners LP (NYSE: DEP) and Enterprise GP Holdings LP (NYSE: EPE).[2] Duncan died aged 77 of a cerebral hemorrhage at his River Oaks, Houston home on March 28, 2010.[4] She inherited $3.1B upon the death of her father.[5] Due to a temporary repeal in the estate tax law for the year 2010, Duncan became the first American billionaire to pay no estate tax since its enactment.[6] Frantz's net worth is $6.9 billion.[1] She lives in Houston with her husband.[1]
References
- ↑ 1.0 1.1 1.2 Forbes: The World's Billionaires - Milane Frantz November 2014
- ↑ 2.0 2.1 Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten March 29, 2010
- ↑ Houston Chronicle: "Duncan, energy magnate and philanthropist, dies at 77 - OBITUARY - Houston's richest man known for big deals, philanthropy" By Todd Ackerman March 29, 2010
- ↑ Billionaire Dan Duncan dies unexpectedly at his home
- ↑ Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten September 22, 2010
- ↑ New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI June 8, 2010