Bloomberg Billionaires Index

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#289 Scott Duncan $5.61B

Random fact: Company sold offshore Gulf of Mexico business in 2015 for $1.5 billion.


Duncan and his three sisters control one-third of publicly traded Enterprise Products Partners, a midstream energy company. The Houston-based business has more than $50 billion in assets including almost 50,000 miles of pipelines. His father co-founded the business in 1968 and died in 2010.

As of July 21, 2017:
Last change -$7.15M (-0.1%)
YTD change +$915M (+19.5%)
Industry Energy
Biggest asset EPD US Equity
Citizenship United States
Age 33
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Scott Duncan's net worth of $5.61B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Scotgt Daniel Duncan is one of four children of Enterprise Products Partners founder Dan Duncan and his wife, Jan. Following his death in 2010, Duncan and his three sisters, Randa Duncan Williams, Dannine Duncan Avara and Milane Duncan Frantz, inherited the family trusts that make the siblings the largest shareholding group of the company.

The family's interest in Enterprise Products has collected about $3.7 billion in cash distributions since October 1998, according to data compiled by Bloomberg. These dividends have been adjusted for stock purchases taxes and appreciated with an allocation of 30 percent each in cash, U.S. bonds and large cap stocks, and 10 percent commodities. Dan Duncan died in 2010, when there was no estate tax in the U.S.

Of the 688 million units under family control, 118 million units are pledged as collateral to Citibank and Barclay's by Duncan family investment vehicles and aren't included in the net worth calculation, according to a May 31, 2016 form 13D/A filed with the Securities and Exchange Commission. Duncan is credited with a quarter of the Duncan family's unitholdings, or about 9 percent of the company.

Enterprise Products spokesman Rick Rainey declined to comment on the family members' net worth calculations.


Birthdate: 1983
Family: Unknown, No children

Scott Daniel Duncan is the youngest child of Enterprise Products Partners founder Dan Duncan, who died in 2010. With his three siblings, he splits ownership of Enterprise Products Partners, the closely held entity that controls one-third of the publicly traded company. His father founded Enterprise Products in 1968 -- with $10,000 and two fuel trucks -- as a natural gas liquids wholesaler.

He later expanded into crude pipelines, fuel storage and natural gas processing. By the time of his death in March 2010, he had parlayed that initial investment into a company with a market capitalization of about $31 billion. In the last decade of his leadership, the company delivered an annual 20 percent return on investment. Duncan had four children with his wife, Jan, who's still alive. Randa is the oldest child, followed by sisters Dannine Duncan Avara and Milane Duncan Frantz.

Duncan lives in Houston, Texas, according to public records.

  • 1968 Dan Duncan forms Enterprise as natural gas liquids distributor.
  • 1972 Enterprise constructs pipelines in Mont Belvieu, Texas.
  • 1980 Firm begins building 35,000 barrels-a-day Mont Belvieu, Texas fractionator.
  • 1982 Scott Daniel Duncan born to Jan and Dan Duncan.
  • 1998 Company sells shares in an initial public offering at $22 a unit.
  • 2004 Buys GulfTerra. Enterprise's market capitalization hits $9.4 billion.
  • 2010 Father Dan Duncan, Enterprise Products founder, dies.
  • 2015 Enterprise Products reports revenue of $50 billion for its latest year.