Milane Frantz Explained

Milane Duncan Frantz
Birth Name:Milane Diane Duncan
Nationality:American
Education:University of Houston
Father:Dan Duncan
Mother:Barbara Ann Duncan

Milane Diane Frantz (née Duncan, born 1970) is a billionaire heir to the Duncan family fortune through Enterprise Products, which remains under family control.

Early life

Milane Frantz was born in 1970 to Barbara Ann and Dan Duncan.[1] Her father, Dan Duncan, was the co-founder of Enterprise Products.[2]

Career

Frantz is an investor. She inherited $3.1B upon the death of her father.[3] Due to a temporary repeal in the estate tax law for the year 2010, Duncan's children became the first American billionaires to pay no estate tax since its enactment.[4] Frantz's net worth is $4.3 billion, as of April 2020.[5]

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.[5]

Notes and References

  1. Web site: Houston's richest man raises his profile. Ackerman. Todd. 2006-04-09. Houston Chronicle. 2019-06-25.
  2. http://www.bizjournals.com/houston/stories/2010/03/29/daily7.html Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten
  3. http://www.bizjournals.com/houston/stories/2010/09/20/daily27.html Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten
  4. https://www.nytimes.com/2010/06/09/business/09estate.html?ref=business&_r=0 New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI
  5. Web site: Forbes profile: Milane Frantz . Forbes. 28 April 2020.
  6. News: Matthew J. Frantz . 28 April 2020 . Flint Journal . September 28, 2014.