Scott Duncan, born in 1983, is an American businessman with a net worth of $7.2 billion. He is the heir to the Duncan family fortune, which stems from Enterprise Products Partners L.P, a company based in Houston, Texas, specializing in natural gas and crude oil pipelines. Scott is the sole son of Dan Duncan and Lee Ellis. Following its public offering in 1998, Enterprise managed nearly 50,000 miles of pipelines and significant storage capacity for natural gas and gas liquids by 2010. After his father’s passing due to a cerebral hemorrhage in 2010, Scott inherited a portion of the fortune alongside his three sisters, benefitting from the absence of estate tax that year. Currently residing in Houston, Scott remains unmarried.
Scott Duncan inherited a big fortune after his dad died in 2010. The money was split among him and his three siblings: Dannine, Randa, and Milane. Initially, each got $3 billion, which has doubled since. Their family business ranked top 100 in America by Fortune in 2018 for revenue. The company is now worth $64 billion, making over $50 billion yearly. Since 1998, they received over $8 billion in cash from the business. Together, they own 700 million shares, with each having an 8% stake of about 175 million shares. When the company pays its $0.43 dividend per share quarterly, each child gets around $75.2 million every quarter and $300 million yearly.
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Duncan Scott Net Worth
Scott Duncan is expected to have a net worth of $7.8 billion in 2024, which establishes his significant presence in the financial sector. His wealth mainly comes from his ownership in Enterprise Products Partners, the family business. His brothers and sisters also have substantial wealth, adding to the family’s riches. Scott is frequently likened to other prominent individuals in the energy sector because of the substantial value of his assets.
Duncan Scott Net Worth Details
FACT
DETAIL
Real Name
Scott Daniel Duncan
Popular Name
Scott Duncan
Gender
Male
Birth Date
1983
Age
41
Parents
Dan Duncan (Father), Lee Ellis (Mother)
Siblings
Randa Williams, Milane Frantz, Dannine Avara
Birthplace
Houston, Texas
Nationality
United States
Ethnicity
N/A
Education
Houston Community College
Marital Status
Single
Sexual Orientation
Straight
Wife/Spouse
Jan
Children
4
Dating
N/A
Net Worth
$7.8 billion
Source of Wealth
Pipelines
Category
About Duncan Scott Net Worth
Scott Daniel Duncan, an American billionaire, is the heir to the esteemed Duncan family fortune. Hailing from a lineage of wealth and prosperity, Scott Daniel Duncan has made a name for himself as a prominent figure in the business world. With his vast resources and influence, he continues to uphold the legacy of the Duncan family while also forging his path in various industries. His entrepreneurial spirit and keen business acumen have solidified his position as a successful businessman and a respected member of society.
Scott Duncan and his three elder siblings inherited a notable portion of their father Dan Duncan’s pipeline company, Enterprise Products Partners, after his passing in 2010. With the estate tax exemption in place that year, each sibling obtained an inheritance of approximately $3.1 billion, enabling them to increase their wealth without major tax obligations.
Enterprise Products Partners: A Family Legacy
Founded in 1968 by Dan Duncan, Enterprise Products Partners has expanded significantly in the energy industry, boasting a vast network of natural gas processing plants, oil and gas storage facilities, and more than 50,000 miles of pipelines. This infrastructure has played a crucial role in the wealth accumulation and growth of the Duncan family.
Financial Performance of Enterprise Products Partners
Duncan’s wealth significantly relies on the financial success of Enterprise Products Partners, a company with an annual revenue surpassing $50 billion and a market capitalization of $64 billion. Since its initial public offering, the Duncan family has received more than $8 billion in cash distributions from the company. Scott Duncan’s yearly earnings benefit greatly from these dividends along with other sources of income.
The Duncan Siblings: Roles and Contributions
Randa Williams is the non-executive chairman of Enterprise Products, whereas Scott and his other siblings are not actively involved in the company, highlighting the differing levels of participation and input among the Duncan siblings in the family business.
Investments and Personal Wealth Management
Scott Duncan is recognized for his strategic investments, which have strengthened his financial position. His education from Houston Community College has shaped his wealth management strategy, allowing him to make well-informed investment choices. While details about his personal investments are not extensively revealed, it is clear that they are instrumental in preserving and increasing his wealth.
The Duncan Family’s Impact on the Oil and Gas Industry
The Duncan family, via Enterprise Products Partners, has made a significant mark on the oil and gas sector. Their innovations encompass notable progress in natural gas processing and storage, along with a vast network of pipelines. These initiatives have established Enterprise Products as a frontrunner in the energy industry, shaping industry norms and procedures.
Major Achievements
Information about Scott Duncan’s major achievements is not provided in the given context.
Awards & Achievements
Information about Scott Duncan’s awards and achievements is not provided in the given context.
Personal Life & Legacy
Information about Scott Duncan’s personal life and legacy is not provided in the given context.
Trivia
Information about trivia related to Scott Duncan is not provided in the given context.
Timeline
1888
Scott Duncan (footballer) is born.
1937
Scottie Duncan begins his baseball career.
1940
Scottie Duncan ends his baseball career.
1975
Scott Duncan (footballer) dies.
1983
Scott Duncan (businessman) is born.
Faq
What is Scott Duncan’s current net worth?
Scott Duncan’s current net worth is $7.69 billion.
What is Scott Duncan’s current global rank among billionaires?
Scott Duncan holds the 354th position globally among billionaires.
What is Scott Duncan’s current ranking within the United States?
Scott Duncan holds the 141st position in United States.
What was the change in Scott Duncan’s net worth compared to the previous year?
Scott Duncan’s net worth increased by 891.06 million dollars compared to the previous year 2023, when his net worth was 6.80 billion dollars.
What is the recent change in Scott Duncan’s net worth?
Scott Duncan’s net worth decreased by 13.53 million dollars recently, a 0.18% decrease, with his net worth standing at 7.69 billion dollars.
What are Scott Duncan’s main sources of wealth?
Scott Duncan’s main source of income comes from Pipelines.
