Scott Duncan (businessman)

Scott Daniel Duncan (born 1983), is an American billionaire heir to the Duncan family fortune (through Enterprise Products, which remains under family control).

Scott Duncan
Born
Scott Daniel Duncan

1983 (age 37–38)
NationalityAmerican
EducationHouston Community College[1]
Net worthUS$3.9 billion (March 2020)[1]
Parent(s)Dan Duncan
Billie Duncan
FamilyRanda Duncan Williams (sister)
Milane Duncan Frantz (sister)
Dannine Duncan Avara (sister)

Early life

Scott Duncan was born in 1983, the son of Billie and Dan Duncan, the co-founder of Enterprise Products. Scott's mother died when he was five years old and his father re-married Jan Ellis Duncan when he was six.[2][3]

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.[4] 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.[5] According to 2018 Forbes 400, Duncan is worth $6.2 billion, and is one of the youngest billionaires in the US.[6]

Personal life

He lives in Houston.[1]

References
  1. "Forbes profile: Scott Duncan". Forbes. Retrieved 21 March 2020.
  2. Ackerman, Todd (2006-04-09). "Houston's richest man raises his profile". Houston Chronicle. Retrieved 2019-06-25.
  3. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten March 29, 2010
  4. Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten September 22, 2010
  5. New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI June 8, 2010
  6. "Forbes 400 2018". Forbes. Retrieved 2018-10-12.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.