Table of Contents
- Net Worth: $7 billion
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
Net Worth: $7 billion
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $7 billion | Not available | 1970 | Not available | Female | Not available | Heiress, Board Member | American |
Highlights
- Milane Frantz inherited an enormous fortune from her late father, Dan Duncan.
- Together with her siblings, Dannine Avara, Randa Williams, and Scott Duncan, she received a share of the family’s wealth.
- The family fortune increased significantly in recent years due to the success of Enterprise Products, founded by their father.
- Milane Frantz is a member of the board of Hermann Park Conservancy and the Baylor College of Medicine Board of Trustees.
Early Life
Milane Frantz was born in 1970 as one of the four children of Dan Duncan, who was once recognized as the richest man in Houston and the third richest man in Texas. Details about her early life, birthplace, and height are not available.
Career
Milane Frantz is primarily known as an heiress. When her father passed away in 2010, she and her siblings, Dannine Avara, Randa Williams, and Scott Duncan, inherited a massive fortune. This fortune was divided equally among them, with each child earning a stake worth $3 billion in 2010. Today, the value of their stakes has more than doubled.
Their wealth primarily comes from Enterprise Products, an energy pipeline company founded by their father. The company has over 50,000 miles of natural oil, gas, and petrochemical pipelines, making it one of the most successful pipeline companies. In 2018, Fortune ranked Enterprise Products as one of the 100 largest companies in America in terms of gross revenue. The company currently has a market cap of $64 billion and generates over $50 billion in revenue per year.
Furthermore, Milane Frantz is actively involved in the community. She serves as a board member of Hermann Park Conservancy in Houston and the Baylor College of Medicine Board of Trustees.
Personal Life
There is limited information available about Milane Frantz’s personal life. Details about her birthplace, height, and any other personal details are not disclosed or publicly available.
Net Worth Over Time
Since inheriting her stake in Enterprise Products in 2010, Milane Frantz’s net worth has significantly grown. When her father died, her share was valued at $3 billion, which has more than doubled in value. As of now, her net worth is estimated to be $7 billion.
Components of Net Worth
The primary component of Milane Frantz’s net worth is her stake in Enterprise Products. Each child personally owns 8% of the company, which amounts to around 175 million shares. The Duncan family, including Milane Frantz, holds a total of 700 million shares in Enterprise. Their wealth has also been augmented by cash distributions from the company. Since 1998, the Duncan family has collected over $8 billion worth of cash distributions from Enterprise.
Additionally, Milane Frantz’s involvement in the board of Hermann Park Conservancy and the Baylor College of Medicine Board of Trustees may provide her with other sources of income and opportunities for personal investments, further contributing to her net worth.
Please note that all net worth figures mentioned in this article are calculated using data drawn from public sources and are estimates. While efforts are made to ensure accuracy, there may be variations in the actual figures.
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