Early Life
Milane Diane Frantz, born in 1970, is the daughter of Barbara Ann and Dan Duncan. Her father, Dan Duncan, was the co-founder of Enterprise Products Partners, a Houston-based pipeline giant. She grew up in a wealthy family and attended private schools in Houston, Texas.
Rise to Success
Milane Frantz inherited a substantial fortune after her father's death in 2010. At the time, she inherited $3.1 billion, which was a significant boost to her wealth, especially since the estate tax had been temporarily repealed. The Duncan family's investment in Enterprise Products Partners has grown significantly since then, making Enterprise Products one of the most successful pipeline companies.
Key Business Strategies
Milane Frantz is primarily an investor. The Duncan family's wealth is managed through their stake in Enterprise Products Partners, which owns over 50,000 miles of oil pipelines and the largest oil storage facility on the Gulf Coast. Enterprise Products Partners focuses on the transportation of natural gas, crude oil, and refined products. The company’s extensive pipeline network and storage facilities are key to its success.
Philanthropy
Milane Frantz is actively involved in philanthropy. She serves as a board member of Houston's Hermann Park Conservancy and is also a director of the Duncan Family Foundation.