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 50–51)
NationalityAmerican
EducationUniversity of Houston
Net worthUS$4.8 billion (August 2020)[1]
Spouse(s)
Matthew J. Frantz
​
​
(m. 2001; died 2014)​
Parents

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.[6]

Personal life

On July 28, 2001, she married Matthew J. Frantz, the son of Philip and Judy (Erhardt) Frantz.[7] He died on September 4, 2014, aged 45.[7]

She lives in Houston, Texas.[6]

References
  1. "Milane Frantz". Forbes. Retrieved August 7, 2020.
  2. Ackerman, Todd (2006-04-09). "Houston's richest man raises his profile". Houston Chronicle. Retrieved 2019-06-25.
  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
  6. "Forbes profile: Milane Frantz". Forbes. Retrieved 28 April 2020.
  7. "Matthew J. Frantz". Flint Journal. September 28, 2014. Retrieved 28 April 2020.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.