The net worth of each heir exceeds $5 billion. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Houston pitmaster goes viral after hilarious TV interview, Willie Nelson's new album is a lovely tribute to a fellow country legend, Two ocelots were photographed crossing a road in rare South Texas sighting, Turner: TEA is giving Houston ISD two optionsclose school or be taken over. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large oil storage facility on the Gulf Coast. EPCO's principal business was to provide employees, management, and administrative services to Duncan's companies, including Enterprise Products LP, Enterprise Products GP, and (until the 2010 Merger) EPE. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. Lawyer, environmental consultant. She had strong opinions about things.. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. Forbes recently listed Williams as the ninth wealthiest person in Texas. Randa Williams (ne Duncan, born 1960/1961), is an American billionaire heir to the Duncan family fortune (through Enterprise Products, which remains under family control). We are also proud ambassadors of the uncompromising Grenadier 4X4. 1 of 11. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. Forrest Wilder writes about politics and the outdoors. The four siblings are tied for the second wealthiest people in Houston. She joined the company in 1994 and took on the roles of president and CEO in 2001. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? And how much money does she have, anyways? Texas Monthly should be in good hands under her stewardship, Stein said. Theres a party going on deep in the heart of Texas. Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, according to reports. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. They have one child. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, Click here for the name of the one ticker you need. Mimi Swartz is a staff writer based in Houston. These Common Units are owned directly by The Randa Duncan Williams 2018 Family Trust (the "RDW Family Trust"), for which Ms. Williams serves as a director of an entity trustee. What Randa wants to bring is an acceleration of those investmentsto make the print magazine better than ever and extend that same level of excellence in storytelling across other platforms. The vehicle was present as a guest of honour on the quayside as the ceremony took place. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Randa Williams is marred to her husband, Charles A. Williams. She also serves on the boards of trustees for numerous charitable organizations. Randa and her siblings are among the first American billionaires to pay no estate tax on their inheritance due to a temporary repeal in the estate tax law in 2010, the year Dan Duncan died. It made for tough times for Duncan, whose business philosophy was all about growing the company. In 2018, according to the Forbes 400, Williams, along with two of her siblings. She spent two decades in, Based in the Texas capital of Austin, Texas Monthly began publishing in 1973 under the leadership of Mike Levy, who sold it in 1998 to Indianapolis-based Ennis Communications. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. Astros GM Dana Brown sees bright future for top prospect Drew Gilbert, This is how astronauts see Houston, Texas Gulf from space with unaided eyes, Roger Clemens makes surprise appearance at Astros' Spring Training, Texas lawmaker files bill to make menstrual products tax free, Proposed Texas bill would offer 12 weeks of paid family leave, Heres how you can watch 'Daisy Jones and the Six', Texas tornados destroy homes, leave 300,000 without power, Texas Republican wants to ban access to abortion websites. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. Palm Trees and Power Lines opens on March 3 in select theaters. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). As new forms of digital media have changed consumer habits and upended the advertising industry, many traditionally print-based publishing businesses have shut their doors, downsized, or consolidated. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. PACs. All rights reserved. Are insane ticket costs pricing Astros fans out of Opening Day? Texas Monthly is the latest in a series of newsrooms to be scooped up and bolstered by the deep and patient pockets of legacy media-loving billionaires. This is the way she wants to contribute to Texas, Stein said, by keeping an iconic publication going., New billionaire owner of Texas Monthly prefers background, Timeline: How battle between Houston ISD, TEA has reached the point of a looming takeover. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. Williams is now in the company of other wealthy citizens who boast legacy media crown jewels in their holdings, including: The sale is the latest in a line of transactions in which a wealthy citizen swoops in to snatch up a venerate and often faltering brand. He was right. The Hunt family, whose members are descendants of oil wildcatter H.L. Duncan Williams, who declined to be interviewed, said Tuesday that she will buy Texas Monthly, called the National Magazine of Texas, from a private equity group led by another Houstonian,. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. "When you have as much happen to you as has happened to me in my lifetime, it has to have an effect," said Duncan, a Baylor College of Medicine board member since 2003. Bring on the Shiplap. FC Barcelona head coach Xavi Hernandez has spoken more on his team's 'sensational' defensive performance against Real Madrid in the Copa del Rey semi-final first leg ahead of his team's clash with Valencia in La Liga on Sunday. And she intends to provide them., She wants to own it forever, added Brown. (The Duncans come in at No. Fleeing for Your Life? Astros GM Dana Brown sees bright future for top prospect Drew Gilbert, This is how astronauts see Houston, Texas Gulf from space with unaided eyes, Roger Clemens makes surprise appearance at Astros' Spring Training, Texas lawmaker files bill to make menstrual products tax free, Proposed Texas bill would offer 12 weeks of paid family leave, Heres how you can watch 'Daisy Jones and the Six', Texas tornados destroy homes, leave 300,000 without power, Texas Republican wants to ban access to abortion websites. Members of St. Theresa Catholic Church in Memorial Park, the couple say they're shy, more comfortable working behind the scenes than in the limelight. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. [8], She lives in Houston with her husband, and they have one child.[7]. Williams is the only sibling involved in running the family business. Its now official: This will be the last season of the brilliant series about a media mogul and his family. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Alice Walton isnt the only Texan whos a member of the Walton dynasty. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. The four children of pipeline mogul Dan Duncan Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara, and Scott Duncan inherited a $10 billion estate from their father when he died in 2010. He was dead in a week. "What's unique, besides your assets and staff, is your relationships. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Copyright 2022. In that and a subsequent horrific scene, Deck is unflinching with the camera, placing it in a single location and rarely cutting, even when things get supremely uncomfortable. In his later years, his drive to succeed turned to the philanthropic world. Hailed by some for the vision to focus on natural gas decades before it overtook oil as a hot commodity, by others for the perseverance to survive the industry's ups and downs, Duncan instead attributes much of his success to chance. "I certainly never expected him to become a billionaire.". Houston pitmaster goes viral after hilarious TV interview, Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, Willie Nelson's new album is a lovely tribute to a fellow country legend, Two ocelots were photographed crossing a road in rare South Texas sighting, Turner: TEA is giving Houston ISD two optionsclose school or be taken over. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. In January 2019, Hobby hired Dan Goodgame, a veteran magazine editor and correspondent (most notably at Time magazine) whod most recently worked as a communications executive at the San Antoniobased cloud computing company Rackspace, to be the new editor-in-chief. 11 on the Forbeslist.). She previously served on the board of directors of Encore Bancshares. Dave Rossman, freelance / For the Chronicle. Williams is the only one of four. Dan Duncan needs no reminder. Randa Williams lives in Houston, TX; previous city include La Porte TX. He was only half kidding. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. His eldest daughter, Randa Duncan Williams, acknowledges that he wasn't around that much, but she said that wasn't uncommon among her circle of friends. On HoustonChronicle.com:Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, "I have been an avid Texas Monthly reader since I was a teenager," Williams, who will control the magazine through Enterprise Partners Co., said in a statement. Willie Nelson pays lovely tribute to another country legend, Rare photos show 2 ocelots crossing South Texas road, Mayor: HISD has two optionsclose school or be taken over. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Duncan's daughter, Williams, has an 8-year-old son who received assistance at the institute in coping with his dyslexia and improving his reading skills. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. Texas Monthly has won 13 National Magazine Awards, and editors have included William Broyles Jr., later a successful screenwriter, and Evan Smith, co-founder of The Texas Tribune. Their net worth: $247 billion. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. The four children of pipeline mogul Dan Duncan - Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara, and Scott Duncan - inherited a $10 billion estate from their father when he died in . Slowly but surely she falls for him, even though part of her knows the situation feels off. According to its website, it has a paid circulation of 300,000 and is read monthly by 2.1 million people, or one out of 10 Texas adults. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. Charles Butt is chairman and CEO of the H-E-B grocery chain, based in San Antonio and parent company of Dallas-based Central Market. One example is Houstons Duncan family, with a net worth of $22 billion, who once again appear on the annual Forbes ranking of America's richest families. Williams holds a bachelors degree from Rice University and a J.D. Fire Ants Have Unleashed Chaos in Texas for Decades. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. The gas and oil company is still under family control. Leave them blank to get signed up. The brass at Enterprise Products was busy finalizing a blockbuster transaction in the summer of 2004, when Forbes magazine called with a question about the company's chairman. Written and directed by Jamie Deck, with help from co-writer Audrey Findlay, the film is profoundly difficult to watch, as viewers are witness to a slow-motion train wreck that they are powerless to stop. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Named after the rugged off-road vehicle, the Pacific INEOS Grenadier is a 99,000 CBM VLEC (Very Large Ethane Carrier) and is the latest ship to join the INEOS fleet. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. 14. Duncan said he didn't dwell on his grief in those days, he explains, a young child's concept of life and death wasn't what it is now. Like her father, Randa stays out of the spotlight. Built in Jiangnan, China and operated by Pacific Gas, the Pacific INEOS Grenadier ismade of approximately 18,000 tonnes of steel and 40,000 metres of piping. Theyre not looking at it that way. Astros GM Dana Brown has more praise team's top prospect, This is what Houston looks like from space, MLB legend makes surprise appearance at Astros' Spring Training, Meet the Astros prospect tearing up Spring Training, Report: Houston ranked No. Theyre looking at it the way you look at something you love and that you want to build and that youre going to be patient with.. Enter your email address below to get our daily insider buying and selling report. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Details of the transaction werent made public. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. Investors are already flocking there for a chance at 1,000%+ returns. In addition to a more robust web presence, Texas Monthly has introduced new podcasts and new live events such as Texas Monthly LIVE and the annual EDGE: The Texas Monthly Festival. Randa Duncan Williams, a Houston billionaire and philanthropist. the Texanist, is a staff writer. After Wanda was sold in 1968, Duncan decided to go out on his own. Even during the evilest (aka most devastatingly effective) moment of the film, he never raises his voice or threatens Lea in any way, which somehow makes the aftermath even worse. Theres An App for That. Randa Duncan Williams, heiress of an oil and gas fortune and a native Texan, chairs the holding company that announced today its purchase of The National Magazine of Texas. It was previously owned by Genesis Park, a private equity firm also in Houston. Learn More on Enterprise Products Partners' active insiders. Randa Duncan Williams. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . Randa enjoys the highest profile among the four Duncan siblings. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. When she gives money, shes selective and wants to ensure it will be spent appropriately. She loves Texas Monthly as much as anybody ever did. In 1995, Duncan waged his own battle with prostate cancer. A week later, he became ill with fever and chills. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. Looking for a product? In its 2020 budget year, Walmart racked up revenue of $524 billion and the company continues to rack up riches for heirs of the retail giants founders. The ship also has the potential to carry other products such as LPG and ethylene. Both Goodgame and Brown expressed great hopes for the companys future under Williams. The children Dannine Avara, Scott Duncan, Milane Frantz, and Randa Williams inherited a tax-free $10 billion share of their father's estate following his death in 2010, when the so . Whats Up With All the Kangaroos on the Loose in Texas? All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Dan Duncan founded Enterprise Products Partners in 1968. "People sometimes ask me if I had to do it over again, would I do something different," said Duncan, reflecting on his career during a recent return flight from his ranch. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. In a business environment where journalists at many publications have become accustomed to hearing that theyll have to produce more content across more platforms with fewer resources, its great news, Goodgame said, that Williams aims to build on the work of Genesis Park and boost long-term investments in Texas Monthlys editorial staff, subscription marketing, and other key areas. Despite it all, Duncan built a $15 billion company in an esoteric part of the natural gas industry known as midstream, between exploration and end-use. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. I knew about her passion for the brand, Hobby said, and it was a logical conclusion that she would be interested., From that point on, the sale process involved a rigorous review of the business by Williamss team, Brown said. The family fortune has more than doubled . Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 30 spot with a net worth of $10.8 billion. For further information please visit: www.ineosgrenadier.com, Media ContactsRichard Longden (Richard.longden@ineos.com) 0041 21 627 7063 or 0041 7996 26123Andrew McLachlan (andrew@mediazoo.tv) 07931 377162Alex Williams (alex.williams@mediazoo.tv) 07793 207325. Profession. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". The diligence process has been exhaustive, and they believe in Texas Monthly., Terms of the deal, which is set to close on June 30, 2019, were not disclosed. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Both individuals are Houstonians. Medicine and education are Duncan's pet causes. Ms. Williams disclaims beneficial ownership of the Common Units owned directly by the RDW Family Trust, except to the extent of her pecuniary interest therein. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. She joined Enterprise in 1994 as vice president. The partnerships assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. About Enterprise Products:Enterprise Products Partners L.P. (NYSE: EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. That's what makes me emotional.". It wasn't long before it was just the two of them. Williams earned herJuris Doctorate from the University of Houston College of Law. Scott B. She was named executor of her fathers estate when he died. Shes very well read, independent-minded and proud of her Texas heritage.. INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. Enterprise went public in 1998, creating a master limited partnership, and began making monster transactions $7 billion worth in the next six years when some big companies ran into post-Enron financial trouble and needed to dump some midstream assets. 1 most stressful city for U.S. workers, To get these special tacos, drive out to the Houston Ship Channel, Principal fired for reading 'I Need a New Butt!' Stock photos, 360 images, vectors and videos The Grenadier 4X4 combines British spirit and design with German engineering rigour. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. That requires resources. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. She received . FC Barcelona head coach Xavi Hernandez and president Joan Laporta are not currently seeing eye to eye on the potential sale of misfit winger Raphinha this summer, according to reports. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. Hobbys tenure as chairman of Texas Monthly also saw some tumult, including several high-profile staff departures and accusations of editorial impropriety in early 2018, when then editor-in-chief Tim Taliaferro was alleged by the Columbia Journalism Review to have agreed to an arrangement in which the dating app Bumble would pay for social media promotion for a Texas Monthly cover story about Bumble founder Whitney Wolfe Herd. Born with a hearing defect in both ears, he speaks very softly, with a clipped Southern accent and difficulty pronouncing his r's and l's. At No. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. 13. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. But it's easy to give. Site designed and developed by The MTM Agency. Shes a trained lawyer, a Texas history buff, a devoted mother, a billionaire heiress and the chairwoman of the largest Houston company that isnt a household name. The experience and those of his loved ones made a lasting impression. The Natural Gas Pipelines & Services segment stores and transports natural gas. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. A major philanthropist like her father, she has focused much of her giving on medicine, education, the arts and cultural institutions, such as the Houston Zoo and the Houston Museum of Natural Science. She is one of four children of the late oil billionaire and philanthropist Dan Duncan, who founded Houston-based Enterprise Products Partners, a publicly traded midstream energy company. Randa enjoys the highest profile among the four Duncan siblings. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. They purchased a total of 65,350 shares worth more than $1,573,730.50. As she recalls the scene, Duncan jokes, "Great line.". In February this year we launched the Pacific INEOS Belstaff, then the worlds largest ethane carrier, and today alongside our highly anticipated Grenadier 4X4 we have added the second of the worlds largest VLECs to our growing fleet.. The way it played out is poetic.. She is the Chairwoman of Enterprise's board of directors. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Randa Duncan Williams and her husband live in Houston, of course. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon Enterprise Products Partners' insider roster includes Graham Bacon (COO), Carin Barth (Director), Richard Boss (EVP of Accounting), W. Fowler (Co-CEO), John Rutherford (Director), AJ Teague (CEO), and Randa Williams (Director).
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