Houston, TX

6 Superrich People from Houston

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Forbes published the list for 2021 on April 6. With a net worth of $151 billion, Musk, the CEO of Tesla and SpaceX, is ranked second in the world. In the previous year's rankings, he was ranked 31st. In this article we will take a close look at some of the richest people that live in Houston.

Dannine Avara

Dannine Avara and her three siblings inherited Enterprise Products Partners, the energy pipeline behemoth created by Dan Duncan, their late father.

Duncan, who was once Houston's wealthiest man, died of a brain hemorrhage in 2010 at the age of 77.

Enterprise Products was founded by Duncan in 1968 with $10,000 and a truck; it now operates nearly 50,000 miles of natural gas, oil, and petrochemical pipelines.

Randa Duncan Williams, Avara's niece, is the company's other sibling on the board of directors.

Robert Brockman

Brockman began his career at IBM, where he sold mainframe computing services to auto dealers before founding Universal Computer Services in 1970.

Brockman is the founding chairman of Reynolds and Reynolds, a company that sells car dealership software and services.

He invested $1 billion in seed capital in billionaire Robert F. Smith's private equity firm, Vista Equity Partners, in 2000.

Brockman was charged with evading taxes on $2 billion in capital gains by the US Department of Justice in 2020; he denies the allegations.

Brockman, an ardent fisherman, owns the Albula, a 209-foot yacht that he uses for trips to the Berry Islands near the Bahamas.

Scott Duncan

In 2010, Scott Duncan and his three older siblings also received a stake in Enterprise Products Partners, their father Dan Duncan's pipeline company.

The group, which was established in 1968, owns natural gas processing plants, oil and gas storage facilities, as well as approximately 50,000 miles of oil and gas pipelines.

Duncan and his other two brothers are not directly interested with Enterprise Products, where his sister Randa Williams works as non-executive chairman.

Milane Frantz

Milane Duncan Frantz's father, founded Enterprise Products Partners, a Houston-based pipeline company, in 1968 and took it public in 1998.

After their father died in 2010, Frantz and her three siblings inherited an interest in the company; only Randa Duncan Williams is still involved.

Enterprise Products Partners currently controls over 50,000 miles of oil pipelines as well as the Gulf Coast's main oil storage plant.

Frantz is a trustee of the Duncan Family Foundation and a board member of Houston's Hermann Park Conservancy.

Richard Kinder

Kinder is the chairman of Kinder Morgan, the largest renewable service company in the United States, which controls or manages 84,000 miles of pipeline.

Since stepping down as president of oil and commodity company Enron Corp. in 1997, he cofounded Kinder Morgan.

In June 2015, Kinder stepped down as CEO of Kinder Morgan.

In Houston, his Kinder Foundation supports education, urban green land, and quality-of-life programs.

Kinder gave $25 million to the University of Missouri in October 2015 to fund constitutional studies.

Tilman Fertitta

The Houston Rockets are owned by Tilman Fertitta. Fertitta's $2.2 billion acquisition was cleared by the NBA in October 2017.

Fertitta is also the owner of the Golden Nugget Casinos and Landry's, a hotel and entertainment business located in Texas.

Landry's Seafood House, Bubba Gump Shrimp Co., and Saltgrass Steak House are among Landry's brands.

In a $1.4 billion contract, Fertitta took Landry's private in 2010.

In September, Fertitta published his first novel, "Shut Up And Listen!" which details his experiences in the restaurant and entertainment industries.

I hope you liked this list of super-rich people with roots in Houston. What do you think these people?

Sources:

https://houston.innovationmap.com/forbes-2021-texas-billionaires-2651377372.html

https://www.forbes.com/profile/dannine-avara/?list=billionaires&sh=f3c6f6b1dd27

https://www.forbes.com/profile/scott-duncan/?list=billionaires&sh=24200fbe735a

https://www.forbes.com/profile/milane-frantz/?list=billionaires&sh=be1e1bb22121

https://www.forbes.com/profile/tilman-fertitta/?list=billionaires&sh=14a42ae9271b

https://www.forbes.com/profile/richard-kinder/?list=billionaires&sh=7a236c982f62

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