⬅ # 313 Orlando Bravo|# 315 Milane Frantz

# 314 Scott Duncan 


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

# 314 Scott Duncan 


Real Time Net Worth
as of 4/20/2024
$63.4M (0.76%)
OccupationPartial Owner, Enterprise Products
Source of WealthPipelines
ResidenceHouston, Texas
Marital StatusSingle
EducationHouston Community College
Age-Adjusted Net Worth$29.9B
Scott Duncan
Scott Duncan
United States
Net worth: $8.28B

Self-Made Score 

Wealth History

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Scott Daniel Duncan was born in 1983 in the United States.
He is the son of Billie and Dan Duncan, the co-founder of Enterprise Products.
Scott's mother passed away when he was five years old, and his father remarried Jan Ellis when Scott was six.
He inherited a substantial stake valued at $3.1 billion in Enterprise Products upon his father's death.
Due to the elimination of the estate tax in 2010, Duncan became the first American billionaire to pay no estate tax.

Family and Inheritance

Scott Duncan and his three older siblings inherited a stake in Enterprise Products Partners from their father in 2010.
His sister Randa Williams serves as non-executive chairman of Enterprise Products.
While his sister is actively involved in the company, Scott and his other siblings are not.

How long would it take you to become as rich as Scott Duncan?

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 Scott Duncan'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.

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Scott Duncan 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 Scott Duncan, 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