Billionaire Dan Duncan Died At 77

Enterprise Goods Partners LP on Sunday (March 28) announced that its founder, billionaire Dan Duncan, passed away at his house in Houston at the age of 77. Lead to for the death was unclear.

Enterprise Goods Partners LP is the greatest publicly traded energy partnership and a top North America provider of midstream solutions to producers and buyers of gasoline, organic gas liquids (NGLs), crude oil, refined merchandise and petrochemicals. The firm is underneath the management of a business in which Duncan was chairman. The organization is based in Houston.

In accordance to Enterprise president and CEO Michael A. Creel, the complete firm was shocked and sad prior to Duncan’s sudden death. Duncan will be “truly missed”, he explained.

In its statement on Monday, the company mentioned has not any intention of changing ownership or management of the partnerships that make up Enterprise Items.

Duncan co-founded Houston-primarily based Enterprise in 1968 and took the company public in 1998. He was also proprietor of mid-stream energy firms Duncan Energy Partners LP (NYSE: DEP) and Enterprise GP Holdings LP (NYSE: EPE).

According to Forbes Magazine, Dan Duncan is the 74th richest guy in the world in 2009 with a net worth of $ 9 billion. The lists stated that Duncan was the wealthiest resident of Houston.

Duncan had a specific enjoy for hunting. In 2002, he shot and killed a moose and a wild sheep from a helicopter, which is forbidden underneath Russian law. He admitted to his actions, but stated that he did not know that his actions were unlawful. He and other hunters on the journey were not charged.

Duncan contributed a lot to charitable activities. He donated 75 million bucks to Texas Children’s Hospital and the Houston Museum of Natural Science, as effectively as $ 135 million bucks to Baylor College of Medicine.

Dan Duncan was born on January 2, 1933 in Shelby County in Center, Texas.  He grew up with the loss of household care. His mothers and fathers, brother and siblings died when he was under 17.

Duncan got married and had four youngsters and four grandchildren.