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 53–54) |
| Nationality | American |
| Education | University of Houston |
| Spouse |
Matthew J. Frantz
(m. 2001; died 2014) |
| Parents |
|
Early life
editMilane 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
editFrantz 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
editOn 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]
References
edit- ^ 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
- ^ a b "Forbes profile: Milane Frantz". Forbes. Retrieved 28 April 2020.
- ^ a b "Matthew J. Frantz". Flint Journal. September 28, 2014. Retrieved 28 April 2020.
