⬅ # 279 Dietmar Hopp|# 281 Eric Wittouck

# 280 Dannine Avara 


Real Time Net Worth
as of 4/23/2024
-$2.4M (-0.03%)

# 280 Dannine Avara 


Real Time Net Worth
as of 4/23/2024
-$2.4M (-0.03%)
OccupationPartial Owner, Enterprise Products
Source of WealthPipelines
ResidenceHouston, Texas
Marital StatusMarried
Age-Adjusted Net Worth$8.91B
Dannine Avara
Dannine Avara
United States
Net worth: $8.91B

Self-Made Score 

Wealth History

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Early Life

Dannine Avara (née Duncan) was born in 1964 to Barbara and Dan Duncan, the co-founder of Enterprise Products.
Her father, Dan Duncan, started Enterprise Products in 1968 with $10,000 and a truck, which has now expanded to own over 50,000 miles of natural gas, oil, and petrochemical pipelines.

Inheritance and Wealth

Avara inherited $3.1 billion upon her father's death.
Formerly the richest person in Houston, Dan Duncan died in 2010 at age 77 of a brain hemorrhage.
Due to a temporary repeal of the estate tax law in 2010, Avara and her siblings became the first American billionaires to pay no estate tax since its enactment.

Family and Enterprise Products

Avara, along with her three siblings, inherited Enterprise Products Partners, the energy pipeline giant founded by their late father, Dan Duncan.
Avara's sister, Randa Duncan Williams, is the only sibling on the board of Enterprise Products.

How long would it take you to become as rich as Dannine Avara?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Dannine Avara's net worth of $8.91B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 34.07% compared to 5.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Dannine Avara is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Dannine Avara, Pipelines is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey