Milane Frantz

Milane Frantz Biography

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. 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. He also headed mid-stream energy firms Duncan Energy Partners LP (NYSE: DEP) and Enterprise GP Holdings LP (NYSE: EPE). Duncan died aged 77 of a cerebral hemorrhage at his River Oaks, Houston home on March 28, 2010. She inherited $3.1B upon the death of her father. Due to a temporary loophole in the estate tax law for the year 2010, Duncan became the first American billionaire to pay no estate tax since its enactment. Frantz's net worth is $5.1 billion. She lives in Houston with her husband.

This webpage uses material from the Wikipedia article "Milane_Frantz" and is licensed under the GNU Free Documentation License. Reality TV World is not responsible for any errors or omissions the Wikipedia article may contain.

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