Milane Frantz
Milane Diane Frantz (née Duncan, born 1970) is a billionaire heir to the Duncan family fortune through Enterprise Products, which remains under family control.
Milane Duncan Frantz | |
|---|---|
| Born | Milane Diane Duncan 1970 (age 49–50) |
| Nationality | American |
| Education | University of Houston |
| Net worth | US$4.3 billion (August 2019)[1] |
| Spouse(s) | Matthew J. Frantz (m. 2001; his death 2014) |
| Parent(s) | Dan Duncan Barbara Ann Duncan |
| Family | Randa Duncan Williams (sister) Dannine Duncan Avara (sister) Scott Duncan (brother) |
Early life
Milane Frantz was born in 1970 to Barbara Ann and Dan Duncan.[2] Her father, Dan Duncan, was the co-founder of Enterprise Products.[3]
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 $4.3 billion, as of April 2020.[1]
Personal life
On July 28, 2001, she married Matthew J. Frantz, the son of Philip and Judy (Erhardt) Frantz.[6] He died on September 4, 2014, aged 45.[6]
She lives in Houston, Texas.[1]
References
- "Forbes profile: Milane Frantz". Forbes. Retrieved 28 April 2020.
- Ackerman, Todd (2006-04-09). "Houston's richest man raises his profile". Houston Chronicle. Retrieved 2019-06-25.
- Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten March 29, 2010
- 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
- "Matthew J. Frantz". Flint Journal. September 28, 2014. Retrieved 28 April 2020.