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Scott Duncan – Billionaire

 REAL TIME NET WORTH — as of 4/19/17

$5.5 B
Scott Duncan and his three older siblings inherited a stake in their late father Dan Duncan’s pipeline firm Enterprise Products Partners in 2010. The company owns natural gas processing plants, oil and gas storage facilities and 49,000 miles of pipelines. Like his two siblings Dannine Avara and Milane Frantz, Duncan is not actively involved in the business.Their sister Randa Duncan Williams serves as non-executive chairman of the board. Scott Duncan is one of the youngest billionaires in America.

Scott Duncan is the brother of Danine Avara, Milane Frantz and Randa Williams who all received a massive sum of tax-free inheritance from their father. They are the children of the late Dan Duncan, the entrepreneur and founder of Enterprise Products Company who died in 2010.

Dan Duncan was once considered as the richest man in Houston and the third richest man in Texas with his $12.4 billion pipeline empire. Today, the company owns more than 50,000 miles of pipelines for natural oil, petrochemicals and gas. Last year, each of Dan Duncan’s children received an additional $1 billion on their wealth as the company’s shares increased by around 24%. As of November 2015, Scott Duncan’s net worth is estimated at $4.4 billion as of January 2016, according to Forbes.

Randa Williams Net Worth: Randa Williams is an American heiress who has a net worth of $7.2 billion. Fifty-two year old Randa Williams is the eldest of the four children of the late entrepreneur Dan Duncan, founder of Enterprise Products. The massive fortune was divided between the four siblings: Dannine Avara, Randa Williams, Milane Frantz and Scott Duncan; whose income increased when the company’s shares elevated by almost 24% last year. Holding a J.D from the University of Houston Law Centre, Williams practiced law with Butler & Binion and Brown, Sims, Wise & White, and now she served as Non-Executive Chairman of Enterprise Products, an energy pipeline company with over 50,000 miles of gas, natural oil and petrochemical pipelines. Moreover, Williams is a part of numerous Huston-based charities such as Manned Spaceflight Education Foundation, the Ballet Foundation and many more.

Source:
1. forbes

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