Milane Diane Frantz (née Duncan, born 1970) is a billionaire heir to the Duncan family fortune through
Enterprise Products
Enterprise Products Partners L.P. () is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas.
It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of th ...
, which remains under family control.
Early life
Milane Frantz was born in 1970 to Barbara Ann and Dan Duncan. Her father,
Dan Duncan
Dan L Duncan (January 2, 1933 – March 29, 2010) was an American born in Center, Texas. He was the co-founder, chairman and majority shareholder of Enterprise Products.
Early life and education
Duncan was born in 1933 in rural Shelby County, ...
, was the co-founder of Enterprise Products.
[Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten](_blank)
March 29, 2010
Career
Frantz is an investor. She inherited $3.1B upon the death of her father. Due to a temporary repeal in the
estate tax
An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died.
International tax law distinguishes between an es ...
law for the year 2010, Duncan became the first American billionaire to pay no estate tax since its enactment.
New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI
June 8, 2010 Frantz's net worth is $4.3 billion, as of April 2020.
Personal life
On July 28, 2001, she married Matthew J. Frantz, the son of Philip and Judy (Erhardt) Frantz.
References
1970 births
Businesspeople from Houston
American billionaires
American businesspeople in the oil industry
Female billionaires
Living people
Duncan family
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