Scott Daniel Duncan (born 1983) is an American

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...

heir to the Duncan family fortune (through

Enterprise Products Enterprise Products Partners L.P. () is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of th ...

, which remains under family control).

Early life

Scott Duncan was born in 1983, the son of Billie and

Dan Duncan Dan L. Duncan (January 2, 1933 – March 29, 2010) was an American entrepreneur born in Center, Texas. He was the co-founder, chairman and majority shareholder of Enterprise Products. Early life and education Duncan was born in 1933 in rural ...

, the co-founder of

. Scott's mother died when he was five years old and his father remarried, to Jan Ellis, when Scott was six years old.Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten
March 29, 2010

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. Due to an elimination of the

estate tax International tax law distinguishes between an estate tax and an inheritance tax. An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and pr ...

for the year 2010, Duncan became the first American billionaire to pay no estate tax since its enactment. According to 2018 Forbes 400, Duncan is worth $6.2 billion, and is one of the youngest billionaires in the US.

Personal life

He lives in

Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

References

1983 births Businesspeople from Houston American businesspeople in the oil industry American philanthropists American billionaires Living people Duncan family {{Texas-bio-stub