Milane Frantz Net Worth
Milane Frantz is an American heiress with a net worth of $7 billion. She inherited her fortune from her late father, Dan Duncan, founder of Enterprise Products. Along with her siblings, Dannine Avara, Randa Williams and Scott Duncan, Milane Frantz received a stake worth $3 billion in 2010, which has more than doubled in value today.
Enterprise Products is an energy pipeline empire with over 50,000 miles of natural oil, gas and petrochemical pipelines, making it one of the most successful pipeline companies. In 2018, Fortune ranked the company as one of the 100 largest companies in America in terms of gross revenue. The company has a market cap of $64 billion and generates more than $50 billion in revenue per year.
Frantz is a member of the board of Hermann Park Conservancy in Houston and the Baylor College of Medicine Board of Trustees. Since 1998, the Duncan family has collected more than $8 billion worth of cash distributions from Enterprise. The members of the Duncan family own 700 million shares of Enterprise, with each child personally owning 8% of the company, around 175 million shares. This means when EPD pays its $0.43 quarterly dividend, each child earns $75.2 million, which is $300 million per year.
