from the University of Houston. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? Randa enjoys the highest profile among the four Duncan siblings. Houston's richest man raises his profile - Chron A graduate of the University of California at Los Angeles, he previously worked for the Raleigh News & Observer, the National Catholic Register, the Los Angeles Downtown News and the San Clemente Sun-Post. Randa Williams - Biography The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. Sec Form 4 Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. It provides world class off-road capability and durability to those who depend on a vehicle as a working tool, wherever they are in the world. The net worth of each heir exceeds $5 billion. She and her 3 siblings each hold an 8% stake in the family business. Ballotpedia uses one or more of the following sources to identify each officeholder's partisan affiliation: (1) direct communication from the officeholder, (2) current or previous candidacy for partisan office, or (3) identification of partisan . 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. Need to know more? Available for both RF and RM licensing. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. Use our Product finder instead. "Major companies wanted to do business with companies with significant assets. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. | 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. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Randa Williams Duncan enjoys the highest profile among Houston's richest family. 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. Above you can find out the answers to those questions and more. On the road frequently in the early years, he still puts in 70- to 100-hour weeks when putting together a deal and admits his life's only regret is not spending more time with his four children. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. 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. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. However, the publication last changed hands in 2016 for $25 million. Forbes also ranks her as tied for the 290th richest person in the world. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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. Duncan was the first overall pick in the 1959 NFL Draft by the Green . When he was 3 1/2 , his mother came down with tuberculosis. By the time she discovers the truth about Toms life, it may be too late to go back. This is a carousel. Thanks to a routine annual physical required by banks "When you owe millions of dollars, they worry about your health," he said it was caught early and, after radical surgery with a nerve-sparing technique, he made a full recovery. Randy Duncan - Wikipedia They purchased a total of 65,350 shares worth more than $1,573,730.50. Grenadiers meet at the Pacific INEOS Grenadier naming ceremony. Since the Baylor gifts and the Forbes. While the privately held magazine doesnt publicly discuss its finances, Goodgame said the last few quarters were spent taking this great storytelling brand and extending it from print, which is still very important to us but we want to take that same storytelling out to the newer platforms where audience is growing, and where revenue is growing, and where Texans want to get their storytelling these days.. They have looked at the business through every lens. 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. Richard Kinder and 10 other Houston billionaires cash in on Forbes list 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. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Both individuals are. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. 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. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. Dave Rossman, freelance / For the Chronicle. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. Her role is complex, but the novice actor handles everything thats asked of her extremely well. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. 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.. Williams earned a Bachelor's Degree from Rice University. 2023 Celebrity Net Worth / All Rights Reserved. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Houston billionaire Randa Duncan Williams, chairwoman of midstream giant Enterprise Product Partners LP and daughter of its late founder, leads the company that has now acquired Texas Monthly. 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. 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). After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. $2.5 billion, according to our most recent tally. About Us - The Houston Zoo He later became one of the largest pipeline operators in the United States. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. By 1973, it was a $3 million company. The ship also has the potential to carry other products such as LPG and ethylene. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. For the second time in less than three years, Texas Monthly has a new owner. 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. book to class, Oops! 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. At 230 metres it is longer than two American football pitches combined (eight basketball courts). You can view The Poynter Institutes most-recent public financial disclosure form 990, Poynter ACES Introductory Certificate in Editing, The new Succession trailer, along with media news and must-read links for your weekend, Is there really a shoplifting epidemic?, Assistant Professor of Business (Accounting) - McMinnville, OR (97128), Editor & Lead Reporter - Newton, MA (02460), Executive Editor - Meriden (CT) Record Journal - Meriden, CT (06450), Associate News Editor - Seattle, WA (98109), Research Policy Reporter, C&EN - Washington, DC (20036), WUNC Podcast Producer & Host - Durham, NC (27701), Senior Copy and Content Editor - 23098 - Washington, DC (20037), Editor-in-Chief of Assembly - Washington, DC (20001), Communications Specialist - Richmond, VA (23294). Enterprise Products Partners has a market value of $63 billion. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. We are also proud ambassadors of the uncompromising Grenadier 4X4. On this Wikipedia the language links are at the top of the page across from the article title. Enter your email address below to get our daily insider buying and selling report. . She was made chairwoman in 2013. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. 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. Where does she come from? Nowhere can that be more jarring than amid the hundreds of mounted animals at his ranch house in Smithville, about 50 miles southeast of Austin. But What Is It? Palm Trees and Power Lines opens on March 3 in select theaters. Details of the transaction werent made public. 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. These 4 Houstonians cash in on Forbes' list of richest American Linda Francis Duncan (born June 25, 1949) is a Canadian lawyer and politician, and former Member of Parliament for the riding of EdmontonStrathcona in Alberta. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. 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. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. A Texas history buff owning a magazine about Texas seems like a natural fit. 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. Learn More on Enterprise Products Partners' active insiders. She had strong opinions about things.. Fleeing for Your Life? Texas Monthly's New Owner - Texas Monthly In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. Report Date Eligible Voters2 Registered Voters Percent . My signaling was always, Lets complete the process of change first. Early this year, he said, the company retained Goldman Sachs to assist in a potential sale and identified multiple potential bidders who could be good stewards of the brand for the long term. Its now official: This will be the last season of the brilliant series about a media mogul and his family. Although they werent born into exorbitant wealth, Duncan Williams and her three siblings are tied as the second-wealthiest Houstonians with a net worth of more than $6 billion each, according to Forbes magazine. Lawyer, environmental consultant. 4 Houstonians cash in on Forbes' list of richest American families 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. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Breadcrumb. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. 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,. Williams was quoted in a release as saying, My family is delighted to provide the resources to support this iconic Texas institution which is nationally recognized for its editorial flair.. He thought that such a new business niche could make him a profitable living. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Forbes recently listed Williams as the ninth wealthiest person in Texas. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . These 4 Houstonians cash in on Forbes' list of richest American The Director DefendantRanda Duncan Williams, O.S . Within a year, Enterprise completed the first facility of its now-mammoth complex near the salt domes at Mont Belvieu, 25 miles east of Houston. 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. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. The companys annual sales are around $28 billion. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. She also serves on the governance and capital projects committees. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. 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. From age 8 until 17, by bus or train, all alone, he would journey around the country trips he said gave him a breadth of experience, the view that the world is a nice place, the confidence to approach and relate to people. Whats Up With All the Kangaroos on the Loose in Texas? She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. 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. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. Sec Form 4 Site designed and developed by The MTM Agency. Duncan had four adult children, each of whom is also a billionaire. But it's easy to give. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. Duncan started Enterprise Products in 1968 with $10,000 and a truck; now it owns over 50,000 miles of natural gas, oil and petrochemical pipelines. About Pacific Gas:Pacific Gas(Hong Kong)Holdings Limited is dedicated itself to provide integrated and yet competitive shipping services for a full range of clean energy and its derivatives by products in the international market, with offices located in Hong Kong, Shanghai, Singapore, and Mumbai. Each has an estimated net worth of $6.2 billion. The breakthrough started in the late '90s. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. 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. This website is published by INEOS on behalf of its businesses. 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. 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. She's very well read, independent-minded and proud of her Texas heritage.". For the second time since 2016, Texas Monthly magazine is getting a new owner. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. 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). 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. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. She loves Texas Monthly as much as anybody ever did. The next summer, he began traveling to visit his father wherever he was working. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. 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 . Duncan was part of an illustrious Houston philanthropic . Texas Monthly has a new owner. 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. Albert & Margaret Alkek Foundation - President's Message Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. 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. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". [5][6], Williams is a member of the board of trustees for the Houston Zoo, was a member of the board of trustees for the Houston Museum of Natural Science since 1995 and its chairman. Randa Williams is 61 years old and was born on 08/28/1961. Albert & Margaret Alkek Foundation - Board and Staff I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. The Natural Gas Pipelines & Services segment stores and transports natural gas. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. 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. We use cookies to make sure you get the most from our website. Here are the 15 richest people in Texas, according to Forbes He liberated airlines and trucking and enabled the 1980s-1990s boom. She sits on the board of the University of Texas Health Science Center where a clinic is named after her father at the Children's Learning Institute. His children Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara and Scott Duncan inherited a $10 billion estate from Dan when he died in 2010. This is a carousel. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. 25 Richest Families in America | Stacker Russias War On Ukraine: Daily News And Information From Ukraine, Todays Wordle #623 Hint, Clues And Answer For Saturday, March 4th, WWE SmackDown Results: Winners And Grades As Rhodes And Reigns Finally Face Off, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. "I tell them no. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Major Williams Republican Democratic Los Angeles 2012-2022 Orange 2012-2022 Orange 2021-2022 2012-2021 San Diego 2018-2022 Sonoma 2012-2018 Lassen 2012-2022 . "The thing about Dan is that he's so down-home and humble that when you first meet him, it'd be easy to get the impression he's just one of the guys," said Bill Waldheim, president of Duke Energy Field Services, one of Duncan's competitors. 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. When she gives money, shes selective and wants to ensure it will be spent appropriately. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. (Dave Rossman/For the Chronicle). 8. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. "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. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Both individuals are Houstonians. 2023 Forbes Media LLC. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. And she intends to provide them., She wants to own it forever, added Brown. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. time of the 2009 Sale, by Duncan and members of his family. The handoff of ownership becomes official June 30. Dan Duncan, who died in 2010, left the fortune he amassed as the co-founder and chairman of Enterprise Product Partners to his four children, Dannine Avara, Scott Duncan, Milane Frantz and Randa Williams. Both his first and second wife succumbed to cancer. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. 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. Almost by definition, Enterprise seemed destined to stay under the radar. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. 30 spot with a net worth of $10.8 billion. Outside Spending Groups. Houston pipeline heirs strike it rich as wealthiest family in Texas
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