⬅ # 314 Scott Duncan|# 316 Elisabeth DeLuca

# 315 Milane Frantz 

$8.28B

Real Time Net Worth
as of 4/20/2024
$63.4M (0.76%)

# 315 Milane Frantz 

$8.28B

Real Time Net Worth
as of 4/20/2024
$63.4M (0.76%)
OccupationPartial Owner, Enterprise Products
Source of WealthPipelines
Age54
ResidenceHouston, Texas
Marital StatusMarried
EducationMA, University of Houston
Age-Adjusted Net Worth$12.4B
Milane Frantz
Milane Frantz
United States
Net worth: $8.28B

Self-Made Score 

Wealth History

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Biography

Overview

Milane Diane Frantz (née Duncan) was born in 1970 to Barbara Ann and Dan Duncan, the co-founder of Enterprise Products.
Frantz inherited a stake in Enterprise Products upon her father's death in 2010, along with her three siblings, becoming a billionaire heiress.

Career

Milane Frantz is primarily an investor.
She inherited $3.1 billion after her father's passing.
Benefiting from a temporary repeal in the estate tax law in 2010, Frantz and her siblings were among the first American billionaires to pay no estate tax.

Personal Life

On July 28, 2001, Milane Frantz married Matthew J. Frantz.
Matthew J. Frantz passed away on September 4, 2014, at the age of 45.
Milane Frantz resides in Houston, Texas.

Philanthropy and Community Involvement

Frantz serves as a board member of Houston's Hermann Park Conservancy.
She is also a director of the Duncan Family Foundation.

How long would it take you to become as rich as Milane Frantz?

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 Milane Frantz's net worth of $8.28B.

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

Milane Frantz 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 Milane Frantz, 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