{{Short description|American billionaire heir}} {{Infobox person | name = Milane Duncan Frantz | image = | alt = | caption = | birth_name = Milane Diane Duncan | birth_date = {{birth year and age|1970}} | birth_place = | education = University of Houston | occupation = | known_for = | spouse = {{marriage|Matthew J. Frantz|2001|2014|end=d.}} | father = Dan Duncan | mother = Barbara Ann Duncan }}
'''Milane Diane Frantz''' (née '''Duncan''', born 1970) is a billionaire heir to the Duncan family fortune through Enterprise Products, which remains under family control.
==Early life== Milane Frantz was born in 1970 to Barbara Ann and Dan Duncan.<ref>{{Cite web|url=https://www.chron.com/news/houston-texas/article/Houston-s-richest-man-raises-his-profile-1488160.php|title=Houston's richest man raises his profile|last=Ackerman|first=Todd|date=2006-04-09|website=Houston Chronicle|access-date=2019-06-25}}</ref> Her father, Dan Duncan, was the co-founder of Enterprise Products.<ref name="bizjournals.com">[http://www.bizjournals.com/houston/stories/2010/03/29/daily7.html Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten] March 29, 2010</ref>
==Career== Frantz is an investor. She inherited $3.1B upon the death of her father.<ref>[http://www.bizjournals.com/houston/stories/2010/09/20/daily27.html Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten] September 22, 2010</ref> Due to a temporary repeal in the estate tax law for the year 2010, Duncan's children became the first American billionaires to pay no estate tax since its enactment.<ref>[https://www.nytimes.com/2010/06/09/business/09estate.html?ref=business&_r=0 New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI] June 8, 2010</ref> Frantz's net worth is $4.3 billion, as of April 2020.<ref name="Forbes">{{cite web|title=Forbes profile: Milane Frantz |url=https://www.forbes.com/profile/milane-frantz/|website=Forbes|accessdate=28 April 2020}}</ref>
==Personal life== On July 28, 2001, she married Matthew J. Frantz, the son of Philip and Judy (Erhardt) Frantz.<ref name="Flint Journal">{{cite news |title=Matthew J. Frantz |url=https://obits.mlive.com/obituaries/flint/obituary.aspx?n=matthew-j-frantz&pid=172579113 |accessdate=28 April 2020 |work=Flint Journal |date=September 28, 2014}}</ref> He died on September 4, 2014, aged 45.<ref name="Flint Journal"/> She lives in Houston, Texas.<ref name="Forbes"/>
==References== {{Reflist}} {{Portal|Texas}} {{Authority control}}
{{DEFAULTSORT:Frantz, Milane}} Category:1970 births Category:Businesspeople from Houston Category:American billionaires Category:American businesspeople in the oil industry Category:Living people Category:Duncan family Category:American female billionaires
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