Scott Daniel Duncan is an entrepreneur and the heir to the fortunes of the Duncan family. He inherited his father, Dan Duncan, after his death in 2010.
Full Name : Scott Daniel Duncan
Born : 1983 in Houston, Texas, US
Father : Dan Duncan
Mother : Lee Ellis
Spouse(s) : Jennifer Boyer
Nationality : American
Occupation : Businessman
Net worth : According Forbes 5.5 billion USD (in 2017)
7 Facts About American billionaire Scott Duncan :
1. Source of Worth
After the death of his father, Duncan inherited $3.1 billion of his father’s estate through the Enterprise Product. His three sisters, Randa Duncan Williams, Milane Duncan Frantz, Dannine Duncan Avara also inherited the same amount from fortune.
2. Net Worth
Currently, Duncan is estimated to worth $6.3 billion according to Forbes. In 2010, he became the first American billionaire to avoid the payment of estate tax after the elimination of estate tax was introduced that year.
Scott Duncan is basically an investment of which most is in the family business. Despite his huge interest in the company, Duncan is involved in running of the affairs of the businesses.
4. Personal Life
Scott Duncan married Jennifer Boyer in 2017. The couple currently resides at Houston. He loves to go on hunting and fishing.
5. Charity Works
Scott Duncan and his family have been involved in several philanthropic works. They have made donations to medical causes including M.D. Anderson Cancer Centre, Baylor College of Medicine, Texas Children’s Hospital, Texas Medical Hospital and the Houston Museum of Natural Science. He was appointed a director of Confluence Health in 2015.
6. About Enterprise Product
Founded in 1968, Enterprise Products consist of gas and crude storage facilities and natural gas processing plant based in Houston, Texas. His sister Randa Williams is a non-executive chairman of Enterprise Products. However, Scott and his other two sisters are not involved in the business.
7. What is Worth can buy
According to a publication on Bloomberg Billionaire index, Scott Duncan’s worth can buy him 4.43M troy ounces of gold and 88.0M barrels of crude oil. His worth is equivalent to 0.0298 percent of the GDP of the United States and 0.104 percent of the total wealth of the 500 richest people in the world among others.