When she gives money, shes selective and wants to ensure it will be spent appropriately. Use Next and Previous buttons to navigate. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. His nice guy look hides the type of person his character truly is. 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. 2010 - present. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Scott B. So, who is she? The handoff of ownership becomes official June 30. 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. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. I . Forrest Wilder writes about politics and the outdoors. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. 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. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. He was dead in a week. Her father Dan Duncan became the first American billionaire to pass his fortune tax-free to his descendants due to a temporary repeal of the estate tax law in 2010. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. The gift dwarfed any previous donation to the Texas Medical Center. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. Get the Poynter newsletter that's right for you. But What Is It? Author John Graves Was a Literary Godfather to Texas Monthly, Red McCombs Turned Old San Antonio on Its Head, Attorney General Ken Paxton Agrees to Apologize and Pay $3.3 Million to Whistleblowers, Running Into Fire: The Legacy of Jeff Blackburn. Enterprise makes money from oil and gas pipelines, exports, and storage terminals, but the bulk of its growth comes through the transportation and processing of natural gas liquids unlocked by the shale drilling revolution. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. She inherited $3.1 billion upon the death of her father. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. 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. Need to know more? 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. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. But, for some, Williams might not be a household name. Available for both RF and RM licensing. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Peter Dawson is a digital reporter in Houston. We use cookies to make sure you get the most from our website. Because she regularly had to check in to a sanatorium and his father was on the road, Duncan and his brother moved in with their grandmother, a nearly blind woman who instructed them in life's lessons the Golden Rule, the value of a day's work. Hunt, sit at No. If I did it over, I'd never be this lucky again.". 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). Both his first and second wife succumbed to cancer. Texas Monthly has a new owner. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 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. At 230 metres it is longer than two American football pitches combined (eight basketball courts). My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. Breadcrumb. Enterprise Products Partners can also be reached via phone at (713) 381-6500 and via email at [emailprotected] Learn More on Randa Duncan Williams' contact information. Joe M. Bailey 1996 - present. Williams is the only one of four. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. All Rights Reserved. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. 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While 2020 has been a nightmare financially for many, some locals have cashed in. She was made chairwoman in 2013. As one of the two largest companies of its kind in the nation, Enterprise boasts more than 32,000 miles of onshore and offshore pipelines and nearly 175 million barrel equivalents of natural gas and natural gas liquids storage capacity. He liberated airlines and trucking and enabled the 1980s-1990s boom. Seaman Treasurer 1996 - present. We have the journalists and photographers and designers to do that well already, and we will continue to grow new muscles to do it in new ways. That means not only more podcasts and events and web journalism but also, he said, a new focus on selling Texas Monthly stories to producers of movies, streaming video, and TV series. City Employees Are Heading for the Exits. Handout / Texas Monthly Show More Show Less 2 of 11. More than 100 of the trophies at the Double D were bagged by Duncan's wife, Jan, a city girl and relative novice at the sport until the two married in 1989. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Both individuals are. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. The Hunt family, whose members are descendants of oil wildcatter H.L. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. It wasn't long before it was just the two of them. If you earn people's trust, you'll receive the first call when they want to make a deal.". Use our Product finder instead. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. In 1995, Duncan waged his own battle with prostate cancer. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. He was only half kidding. A year and a half later, his worth now at $6 billion, his profile raised by a $100 million gift to Baylor College of Medicine, Duncan remains one of the city's least known heavy hitters. According to its website, it has a, Dr. Patrick Soon-Shiong, the Los Angeles Times, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. EPCO, Texas Monthlys new parent company, also owns various commercial real estate and ranching ventures, as well as a substantial stake in Enterprise Products Partners. Based on Enterprise's proxy statement for the deal, the reporter calculated that "this fellow Dan Duncan" had a net worth of more than $4 billion, good for 40th in the magazine's annual ranking of wealthiest Americans. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. Randa also answers to Randa Duncan Wil, Randa D Williams, Randa L Duncan-williams, Randa Duncanwilliams and Randa Duncanwil, and perhaps a couple of other names. Lea seems disconnected from everyone and everything else around her, so when she meets Tom (Jonathan Tucker), a man twice her age, he offers a respite from the monotony/drudgery of her daily life. If youve been thirsty for a legitimately huge UFC pay-per-view event, one that bridges the gap between casual mixed martial arts fans and the hardcore, there is one on the doc for Saturday night at the T-Mobile Arena in Las Vegas. 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. Looking for a product? She previously served on the board of directors of Encore Bancshares. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. 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. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. Learn More on Enterprise Products Partners' active insiders. Randa enjoys the highest profile among the four Duncan siblings. Truth be told, there's little left for Duncan to pursue. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. When he was 3 1/2 , his mother came down with tuberculosis. Copyright 2022. 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. 30 spot with a net worth of $10.8 billion. "I was enthralled by their vivid descriptions. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Palm Trees and Power Lines is not an easy film to watch, and it often goes in directions that viewers may not want to believe. Enterprise Products Partners has a market value of $63 billion. Its now official: This will be the last season of the brilliant series about a media mogul and his family. She received . Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. "What's unique, besides your assets and staff, is your relationships. 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. 9. The journalistic integrity and quality for which Texas Monthly is known will remain unchanged as we build upon what Genesis Park has done over the past two years., Hobby praised Williams as a quiet, smart, and decisive leader. She is committed to a long-term investment, and that is a great opportunity for us to adopt a set of long-range business drivers.. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. Each has an estimated net worth of $6.2 billion. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. 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. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. 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. Stock photos, 360 images, vectors and videos 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 . | Peter.Dawson@chron.com | NEWS WHEN YOU NEED IT: Text CHRON to 77453 to receive breaking news alerts by text message | Sign up for breaking news alerts delivered to your email here. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. This is a carousel. Randa Duncan Williams - Director, Enterprise Products Partners Lp. 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. The vehicle was present as a guest of honour on the quayside as the ceremony took place. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. 1 of 11. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. 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. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. >>> Scroll through to see which other Houstonians made the list. Slowly but surely she falls for him, even though part of her knows the situation feels off. 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,. They have looked at the business through every lens. 2023 Celebrity Net Worth / All Rights Reserved. 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. She was elected as a board director in 2010 and as chairman in 2013. PATRICK . Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. It will also be available on VOD for home viewing. Genesis Park, a private equity company led by Houstonian Paul Hobby, bought Texas Monthly for $25 million in 2016, presumably to groom the magazine and sell it. In the last year, Enterprise Products Partners insiders bought shares 6 times. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. 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. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Randa Duncan Williams is a businessperson who has been at the helm of 5 different companies and presently occupies the position of Non-Executive Chairman for Enterprise Products Partners LP, Chairman for Enterprise Products Co., President of DLD Family Investments LLC and Chairman for EPCO Holdings, Inc. What Genesis Park brought to us was the investment needed to begin to extend our brand beyond print to the platforms where audiences and revenue are growing, Goodgame said. Through its proactive approach and long-term cooperation with both upstream and downstream customers worldwide, the company has developed into a global leading facilitator and arranger by establishment of its oceangoing shipping platform, providing diversified shipping service for Methane (LNG), Ethane, Propane and Butane (LPG), and various petrochemical gas products including Ethylene, Propylene, Butadiene etc. "I certainly never expected him to become a billionaire.". Hints and clues to help you with today's Wordle. She joined Enterprise in 1994 as vice president. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. 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. Please visitwww.enterpriseproducts.comfor more information. (The Duncans come in at No. Deck structures the film so that Lea is almost the perfect victim, someone whos alienated from those close to her and more than willing to accept someone who promises a type of escape. "I remember sitting around the campfire my first venture outside of Texas, listening to other hunters discussing their experiences in Alaska, Canada and Africa," Duncan writes in one of the short pieces he's penned on the joys of hunting. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. She and her 3 siblings each hold an 8% stake in the family business. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. That mindset has continued as a philanthropist, he said. She's very well read, independent-minded and proud of her Texas heritage.". But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon As she recalls the scene, Duncan jokes, "Great line.". Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". However, the publication last changed hands in 2016 for $25 million. 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. Fire Ants Have Unleashed Chaos in Texas for Decades. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. 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. Are ticket costs pricing Houston Astros fans out of Opening Day? Donald Trumps real net worth? She is the Chairwoman of Enterprise's board of directors. Randa Duncan Williams, a Houston billionaire and philanthropist. 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. 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. Details of the transaction werent made public. Outside Spending Groups. Medicine and education are Duncan's pet causes. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Its rattlesnake season in Texas. "Major companies wanted to do business with companies with significant assets. Heres what you need to know. Randa Williams is 61 years old and was born on 08/28/1961. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. 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. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. The ship also has the potential to carry other products such as LPG and ethylene. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. Randa Duncan Williams Vice President 1996 - present. Enter your email address below to get our daily insider buying and selling report. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. Additionally, she sits on the board of the University of Texas Health Science Center. Digital revenue has grown from 8 percent of ad sales in 2017 to 20 percent in 2019, while event sponsorship revenue has grown from 6 percent to 18 percent of the total. Theres a party going on deep in the heart of Texas. Leave them blank to get signed up. "Giving to the community is a way to make a difference. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. the Texanist, is a staff writer. He's taken more than 360 different species, including the Grand Slam of Sheep (the Dall, Stone, Desert and Rocky Mountain Bighorn) and the Big Five of Africa (elephant, rhinoceros, Cape buffalo, leopard and lion, considered the continent's most dangerous animals), both rare achievements. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. Williams earned herJuris Doctorate from the University of Houston College of Law. 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. 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. Randa Williams Duncan enjoys the highest profile among Houston's richest family. (Dave Rossman/For the Chronicle). Randa is the only one of Dan Duncan's children still involved in the family business. Acknowledging the sudden attention, he said he can't give to all the worthy causes, but does expect to continue giving big donations in the future. He later became one of the largest pipeline operators in the United States. Midstream operations, so-called because they involve the transportation, processing and storage of oil and gas, aren't as flashy as punching holes in the ground. Randa Duncan Williams is an American billionaire and the non-executive chairman of Enterprise Products Partners, the pipeline company co-founded by her late father Dan Duncan in 1968 with just a pair of propane delivery trucks. time of the 2009 Sale, by Duncan and members of his family. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. 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. . 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 . Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. 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. The EIN for the organization is 59-1630423. Where does she come from? We report on vital issues from politics to education and are the indispensable authority on the Texas scene, covering everything from music to cultural events with insightful recommendations. I remember Randa as being very engaged and politically active, Stein said. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. 13. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. The impending takeover of HISD by the TEA dates back to 2019, when Wheatley High School triggered a state law by failing to meet accountability standards for seven consecutive years. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. 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. All rights reserved. Duncan was part of an illustrious Houston philanthropic . Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company.
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