Dannine Avara Net WorthReal Name: Dannine Avara
Date of Birth: 1/1/1974
Place of Birth: Houston, Texas
2017 Net Worth: $6.1 Billion
Profession: Heiress to energy pipeline company Enterprise Products
Dannine Avara Biography
Dannine Avara, born in 1974, is the daughter of Dan Duncan, who founded Enterprise Products, a pipeline company. Her father founded this company and took it public during the late 1990’s, which quickly made Avara’s father the richest man in Houston. Enterprise deals in natural gas, oil, and petrochemicals, and has an estimated 50,000 miles of pipeline. The company also has storage capacities for about 14 billion cubic feet (220 million barrels) of natural gas and also owns mid-stream energy firms Enterprise GP Holdings and Duncan Energy Partners. Enterprise Products still remains under family control. Avara inherited about $3.1 billion worth of shares in the family business when her father passed away in 2010 at the age of 77 from a cerebral hemorrhage at the family’s River Oaks, Houston mansion.
When Avara inherited her $3.1 billion, she was the first American billionaire that was not required to pay estate taxes since there had been a temporary repeal of the estate tax law for that year.
Although Avara has kept a low profile, she was targeted in a con man’s extortion scheme in 2013, along with some other super rich persons including two film producers. Avara’s sister, Randa Duncan Williams, is the non-executive Chairman of the board. Her other two siblings are also billionaires. Avara is one of the richest women in Texas, but keeps a low profile, rarely drawing attention to herself, not even through Houston’s Society pages.
Avara is married and lives in Houston, Texas. Thanks to generous earnings from her shares of Enterprise Products, she has seen her next worth almost double to an incredible $6.1 billion, which on some lists makes her the 239th richest woman in the world. Even though oil prices are falling, the oil that is being produced must still be transported, which means Avara’s earnings and net worth are certain to increase in future years.