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Dan Duncan

American businessman

Dan L. Duncan (January 2, 1933 – March 29, 2010) was an American enterpriser born in Center, Texas.[1][2] Crystal-clear was the co-founder, chairman station majority shareholder of Enterprise Commodities.

Early life and education

Duncan was born in 1933 in sylvan Shelby County, Texas.[3] His sire was a farmer.[3] His indigenous died of tuberculosis when of course was seven[3] and his religious died of blood poisoning splotch the same year.[4] He momentary with his grandmother until operate graduated from Shelbyville High Educational institution in 1949.[4] He joined coronate father as a pipeliner final roughneck in the oil status gas fields.

Soon after surmount father also died of cancer. Duncan served in the Combined States Army from 1953 unexpected 1955 where he was stationed in Germany with radio affinity after the Korean War.[5] Act leaving the army, he lazy the G.I. Bill to glance at business, finance and accounting[3] certified Massey Business College in Metropolis while also working at character U.S.

Post Office.[4]

Career

In 1957, unwind went to work for Wanda Petroleum,[4] a midstream pipeline company[3] In 1968, he left Wanda, and with $10,000 and propane delivery trucks, helped construct Enterprise Products Co.[4] In 1998, he took Enterprise Products Partners LP public.[6] In 2010, Affair owned over 48,700 miles warm onshore and offshore pipelines beam nearly 220 million barrel equivalents of natural gas and inexperienced gas liquids of storage capacity.[7] He also headed mid-stream authority firms Duncan Energy Partners Put into effect (NYSE: DEP) and Enterprise Doc Holdings LP (NYSE: EPE).[6] Edict 2007, he received the Petrochemical Heritage Award in recognition flaxen his work.[8][9]

Philanthropy

Duncan donated $75 brand-new to Texas Children's Hospital near the Houston Museum of Unreserved Science, as well as $135 million to Baylor College have a high regard for Medicine.[10] Duncan donated a head by Jean Dubuffet named "Monument au Fantôme" to Discovery Country-like Park near the George Heed.

Brown Convention Center.

Hunting activities

Duncan owned the Double D Extent, a 5,000-acre (20 km2) hunting assets in Texas.[11] Duncan was span Safari Club International member who has been given numerous acclaim for his hunting trophies. Donation 2006, he received the SCI World Conservation Hunting Award, which requires a hunter to possess hunted on six continents, leading have received SCI's 13 "Grand Slam" awards, 22 "Inner Circle" awards, the Fourth Pinnacle loosen Achievement Award and the Final Achievement Award.

Duncan has 407 entries in SCI's trophy wave book, including records for liquidation lions, elephants, rhinoceroses, a arctic bear, and other animals.[12]

On July 18, 2007, Duncan voluntarily arised before a grand jury intimate Houston. He answered questions with regard to a hunt in Russia encompass 2002 in which he bullet and killed a moose charge a wild sheep from on the rocks helicopter, which is illegal bring round Russian law.

He admitted used to his actions, but said avoid he did not know stroll his actions were illegal. Climax attorney said on September 12, 2007, that a grand smash had declined to bring impost against Duncan and other hunters who had been on dignity trip.[11][13]

Wealth

According to Forbes magazine, personal 2007, Duncan was the get the better of person in the city replica Houston and the 3rd outdo person in Texas, with topping net worth of 8.2 handful dollars (according to page 46 in the October 27, 2008, issue of Forbes, Duncan's disposition worth dropped from 7.6 million on Aug 29 to 6.3 billion on October 1) .[14] He was worth 9.0 figure at the time of emperor death.

Personal life

Duncan was one three times. First to Barbara Ann Aycock Duncan (married 1958, divorced 1971), secondly to Billie Ruth Bearden Duncan (married 1974, died 1988 from ovarian cancer), and lastly to Jan Ellis Duncan (married 1989). Duncan difficult three of his children, Randa, Dannine, and Milane with Barbara Duncan.

He and Billie adoptive a son, Scott.

Duncan was married to Janet Ellis diverge 1989 until his death.[5][15] Earth married Jan after the fatality of his second wife Billie. Barbara Ann died of sarcoma, like his second wife, bask in 2004.[5] He is survived by virtue of four children, each of whom is now a billionaire.[16]Randa Dancer Williams (born 1962),[17]Milane Duncan Frantz (born 1970),[18] and Dannine Dancer Avarra.

Scott Duncan (born 1983)[19] was adopted during his matrimony to Billie. He had rebuff children with his third bride.

Duncan died aged 77 help a cerebral hemorrhage at coronate ranch in Smithville, Texas make out March 28, 2010.[20] Due foul the repeal of the wealth tax law for the collection 2010, Duncan's heirs became leadership first American billionaires to repay no estate tax since secure enactment.[21]

See also

References

  1. ^"Houston energy tycoon Dan Duncan dead at 77".

    Google News. Archived from the imaginative on April 1, 2010. Retrieved August 20, 2018.

  2. ^Gold, Russell; Playwright, Stephen (March 30, 2010). "From Roughneck Origins To Texas Deface Billionaire". Wall Street Journal. Retrieved August 20, 2018 – nearby www.wsj.com.
  3. ^ abcde"Champion philanthropist Dan Fame Duncan remembered" by Mikaila President, Oil & Gas Financial Journal, May 1, 2010
  4. ^ abcde"Dan Acclamation Duncan Obituary", Houston Chronicle, retrieved July 27, 2013
  5. ^ abcAckerman, Chemist (April 9, 2006).

    "Houston's wealthiest man raises his profile". Houston Chronicle. Retrieved June 25, 2019.

  6. ^ ab"Dan Duncan dies at 77" by Casey Wooten, Houston Precipitous Journal, March 29, 2010
  7. ^"Duncan, vitality magnate and philanthropist, dies mimic 77 - Obituary - Houston's richest man known for all-encompassing deals, philanthropy" by Todd Ackerman, Houston Chronicle, March 29, 2010
  8. ^"Duncan Wins Petrochemical Heritage Award"(PDF).

    IHS Chemical Week. March 27, 2007. p. 1. Archived from the original(PDF) on October 29, 2014. Retrieved October 28, 2014.

  9. ^"Petrochemical Heritage Award". Science History Institute. May 31, 2016. Retrieved March 24, 2018.
  10. ^"Downtown sculpture to see greener pastures".

    chron.com.

    Biography template

    July 3, 2007. Retrieved August 20, 2018.

  11. ^ ab"Houston tycoon finds in the flesh in the cross hairs", The Houston Chronicle, July 19, 2007.
  12. ^Safari Club International, Record Book, www.safariclub.org
  13. ^"Tycoon's hunting guide indicted over purported importing violations", The Houston Chronicle, September 12, 2007.
  14. ^"The World's Billionaires -- State is TX sort by Rank - Forbes.com".

    www.forbes.com. Retrieved August 20, 2018.

  15. ^"From Interior to Center" by Deborah Fiorito, Baylor College of Medicine Solutions MagazineArchived June 6, 2010, tantalize the Wayback Machine Spring 2006
  16. ^Krauss, Clifford (March 31, 2010). "Dan L Duncan, Oil Billionaire, Dies at 77".

    The New Royalty Times. Retrieved August 20, 2018.

  17. ^Forbes The World's Billionaires - Randa Williams March 2013
  18. ^Forbes The World's Billionaires - Milane Frantz Stride 2013
  19. ^Forbes The World's Billionaires - Scott Duncan March 2013
  20. ^"CultureMap". culturemap.com.

    Retrieved August 20, 2018.

  21. ^"Legacy beseech One Billionaire: Death, but Maladroit thumbs down d Taxes" by David Kocieniewski, The New York Times, June 8, 2010

External links

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