Dan Duncan’s profile picture

Dan Duncan

Dan Duncan’s profile picture
Net worth 2018: $9 Billion
Industry: Energy
Country: United States
BirthDay: 2 January 1933
Sigh: Aquarius
Died On: 28/03/2010
Children: 4
Education: Massey Business College
BIOGRAPHY

Dan Duncan was bornon 2 January 1933 in United States. Profits pumping for pipeline prince despite fall in energy prices. Shares of Enterprise Products Partners LP and Enterprise GP up 35% and 70% respectively since last winter; stocks pay big dividends. Grew up in poverty in rural Texas; lost mother, brother at age 7. Raised by grandmother: "Do the best you can every day. " Cofounded Enterprise Products 1968; met customers' delivery needs with 2 trucks. Today firm presides over more than 48,000 miles of oil and gas pipelines. Agreed to merge EPP with pipeline outfit Teppco Partners in July. Decorates walls of Texas ranch with heads of animals he's killed. Has donated $270 million to medical research and education in the past 5 years.

NET WORTH STATISTIC
2010

$9 Billion

2018

$9 Billion

TIMELINE
2010

Due to the repeal of the estate tax law for the year 2010, Duncan became the first American billionaire to pay no estate tax since its enactment

2008

2 billion dollars (according to page 46 in the October 27, 2008 issue of Forbes, Duncan's net worth dropped from 7

2007

According to Forbes magazine, in 2007, Duncan was the richest person in the city of Houston and the 3rd richest person in Texas, with a net worth of 8

2006

In 2006, he received the SCI World Conservation Hunting Award, which requires a hunter to have hunted on six continents, and have received SCI's 13 "Grand Slam" awards, 22 "Inner Circle" awards, the Fourth Pinnacle of Achievement Award and the Crowning Achievement Award

2002

He answered questions regarding a hunt in Russia in 2002 in which he shot and killed a moose and a wild sheep from a helicopter, which is illegal under Russian law

1998

In 1998, he took Enterprise Products Partners LP public

1962

He is survived by four children, each of whom is now a billionaire: Randa Duncan Williams (born 1962), Milane Duncan Frantz (born 1970), Dannine Duncan Avara (born 1974), and Scott Duncan (born 1983)

1957

In 1957, he went to work for Wanda Petroleum, a midstream pipeline company In 1968, he left Wanda, and with $10,000 and two propane delivery trucks, helped found Enterprise Products Co

1955

Army during the Korean War and when he returned in 1955, using the G

1933

Duncan was born in 1933 in rural Shelby County, Texas

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