Scott Duncan (businessman)
| Scott Duncan | |
|---|---|
| Born |
Scott Daniel Duncan 1983 (age 32–33) |
| Residence | Houston, Texas, US |
| Nationality | United States |
| Net worth | US$4.1 billion (February 2016)[1] |
| Spouse(s) | single |
| Parent(s) |
Dan Duncan Jan Ellis |
| Family |
Randa Duncan Williams (sister) Milane Duncan Frantz (sister) Dannine Duncan Avara (sister) |
Scott Daniel Duncan (born 1983), is an American billionaire heir to the Duncan family fortune (through Enterprise Products, which remains under family control).
Early life
Scott Duncan was born in 1983, the son of Dan Duncan, the co-founder of Enterprise Products.[2] His mother is Lee Ellis.
Career
Duncan is an investor. He inherited $3.1 billion upon the death of his father along with each of his sisters inheriting the same share.[3] Due to an elimination of the estate tax for the year 2010, Duncan became the first American billionaire to pay no estate tax since its enactment.[4] In March 2014, Forbes ran a story on Yahoo; in it, Scott Duncan was detailed as now worth 6.3 Billion USD.
Personal life
He lives in Houston.[1]
References
- 1 2 Forbes: The World's Billionaires - Scott Duncan September 2013
- ↑ 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
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