Milane Frantz

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Milane Duncan Frantz
Born Milane Diane Duncan
1970 (age 47–48)
Residence Houston, Texas
Nationality United States
Net worth Increase US$ 5.3 billion (December 2016)[1][2]
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.

Early life

Milane Frantz was born in 1970. Her father, Dan Duncan, was the co-founder of Enterprise Products.[3] Her mother is Lee Ellis.

Career

Frantz is an investor. She inherited $3.1B upon the death of her father.[4] 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.[5] Frantz's net worth is $6.9 billion.[1]

Personal life

She lives in Houston with her husband.[1]

References

  1. 1 2 3 Forbes: The World's Billionaires - Milane Frantz November 2014
  2. ↑ "Milane Frantz". Forbes. Retrieved 31 December 2016.
  3. ↑ Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten March 29, 2010
  4. ↑ Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten September 22, 2010
  5. ↑ New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI June 8, 2010


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