Monday, April 05, 2010

Dan Duncan, Billionaire Philanthropist, Dies at 77

As we baby boomers reach retirement age, the daily headlines often carry reports and tributes about the passing of luminaries like Dan Duncan of Texas who made a difference in the world during our lifetime.
March 30 (Bloomberg) – Dan L. Duncan, the Texas pipeline billionaire who gave hundreds of millions of dollars to hospitals, museums and wildlife associations, died March 28 at his home in Houston. He was 77. | During the past four decades, Duncan parlayed $10,000 and two fuel trucks into a trio of publicly traded entities with a combined market value of $29.2 billion. The biggest of the three, Enterprise Products Partners LP, returned 20 percent a year during the past decade, compared with 1 percent annual losses for the Standard & Poor’s 500 Index. Houston-based Enterprise said the cause of Duncan’s death was unknown. via Dan Duncan, Billionaire Philanthropist, Dies at 77 (Update1) – BusinessWeek

Affinities: Philanthropy

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