Dan Duncan
Encyclopedia
Dan L Duncan was an American
born in Center, Texas
. He was the co-founder, chairman and majority shareholder of Enterprise Products
.
Duncan donated a sculpture by Jean Dubuffet
named "Monument au Fantóme", which was at first situated in front of 1100 Louisiana Street, an office building in Downtown Houston
. It now resides in Discovery Green Park near the George R. Brown Convention Center
.
member who has been given numerous awards for his hunting trophies. In 2006, he received the SCI World Conservation Hunting Award, which requires a hunter to have hunted on six continents, and have received SCI's 13 "Grand Slam" awards, 22 "Inner Circle" awards, the Fourth Pinnacle of Achievement Award and the Crowning Achievement Award.
Duncan has 407 entries in SCI's trophy record book, including records for killing lions, elephants, leopards, rhinoceroses, a polar bear, and other animals.
law for the year 2010, Duncan became the first American billionaire to pay no estate tax since its enactment.
People of the United States
The people of the United States, also known as simply Americans or American people, are the inhabitants or citizens of the United States. The United States is a multi-ethnic nation, home to people of different ethnic and national backgrounds...
born in Center, Texas
Center, Texas
Center is a city in Shelby County, Texas, United States. The population was 5,678 at the 2000 census. It is the county seat of Shelby County...
. He was the co-founder, chairman and majority shareholder of Enterprise Products
Enterprise Products
Enterprise Products Partners L.P. is a natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004, and is a member of the Fortune 500...
.
Philanthropy
Duncan donated $75 million to Texas Children's Hospital and the Houston Museum of Natural Science, as well as $135 million to Baylor College of Medicine.Duncan donated a sculpture by Jean Dubuffet
Jean Dubuffet
Jean Philippe Arthur Dubuffet was a French painter and sculptor. His idealistic approach to aesthetics embraced so called "low art" and eschewed traditional standards of beauty in favor of what he believed to be a more authentic and humanistic approach to image-making.-Life and work:Dubuffet was...
named "Monument au Fantóme", which was at first situated in front of 1100 Louisiana Street, an office building in Downtown Houston
Downtown Houston
Downtown Houston is the largest business district of Houston, Texas, United States. Downtown Houston, the city's central business district, contains the headquarters of many prominent companies. There is an extensive network of pedestrian tunnels and skywalks connecting the buildings of the district...
. It now resides in Discovery Green Park near the George R. Brown Convention Center
George R. Brown Convention Center
The George R. Brown Convention Center opened on September 26, 1987 on the east side of Downtown Houston, Texas, United States.The center was named for the prominent Houstonian George R. Brown, an entrepreneur, civic leader and philanthropist. Brown’s Texas Eastern Corporation donated six of the 11...
.
Hunting
Duncan owned the Double D Ranch, a 5000 acres (20.2 km²) hunting property in Texas. Duncan was a Safari Club InternationalSafari Club International
Safari Club International is an international organization composed of hunters. SCI has more than 50,000 members and 180 local chapters. SCI's website displays the bannertext "Safari Club International is the Leader in Protecting the Freedom to Hunt and Promoting Wildlife Conservation...
member who has been given numerous awards for his hunting trophies. In 2006, he received the SCI World Conservation Hunting Award, which requires a hunter to have hunted on six continents, and have received SCI's 13 "Grand Slam" awards, 22 "Inner Circle" awards, the Fourth Pinnacle of Achievement Award and the Crowning Achievement Award.
Duncan has 407 entries in SCI's trophy record book, including records for killing lions, elephants, leopards, rhinoceroses, a polar bear, and other animals.
Russian hunting trip
On July 18, 2007, Duncan voluntarily appeared before a grand jury in Houston. He answered questions regarding a hunt in Russia in 2002 in which he shot and killed a moose and a wild sheep from a helicopter, which is illegal under Russian law. He admitted to his actions, but said that he did not know that his actions were illegal. His attorney said on September 12, 2007 that a grand jury had declined to bring charges against Duncan and other hunters who had been on the trip.Wealth
According to Forbes magazine, in 2007, Duncan was the richest person in the city of Houston and the 3rd richest person in Texas, with a net worth of 8.2 billion dollars (according to page 46 in the October 27, 2008 issue of Forbes, Duncan's net worth dropped from 7.6 billion on Aug 29th to 6.3 billion on October 1) . He was worth 9.0 billion at the time of his death.Death
Duncan died aged 77 of a cerebral hemorrhage at his River Oaks, Houston home on March 28, 2010. He is survived by his wife Jan, son Scott Duncan and three daughters: Randa Duncan Williams, Dannine Duncan Avara and Milane Duncan Frantz. Due to an abnormality in the estate taxEstate tax in the United States
The estate tax in the United States is a tax imposed on the transfer of the "taxable estate" of a deceased person, whether such property is transferred via a will, according to the state laws of intestacy or otherwise made as an incident of the death of the owner, such as a transfer of property...
law for the year 2010, Duncan became the first American billionaire to pay no estate tax since its enactment.