The family fortune has more than doubled . Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. Profession. We are also proud ambassadors of the uncompromising Grenadier 4X4. It's receiving that's harder. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. Duncan had four adult children, each of whom is also a billionaire. In Palm Trees and Power Lines, Lea (Lily McInerny) is a 17-year-old girl on summer break in Southern California, spending her days lying out in the sun and hanging out with her best friend, Amber (Quinn Frankel), among others. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. Seaman Treasurer 1996 - present. 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.. 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. They purchased a total of 65,350 shares worth more than $1,573,730.50. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. "He was smart, but I remember him mostly as an outstanding person nice, very well-liked, impeccably behaved," said Yvonne Wedgeworth, a high school classmate who still lives in Center. 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. 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. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. Site designed and developed by The MTM Agency. They have one child. Likewise, Tom aside from the inherently creepy idea of a 34-year-old man pursuing a 17-year-old girl doesnt come across as a monster. 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. Its now official: This will be the last season of the brilliant series about a media mogul and his family. Prior to that, she served as managing editor of Poynter.org. 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. 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. For example, preservation of food and clean water; construction of wind turbines, solar panels and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications. That mindset has continued as a philanthropist, he said. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Shes highly engaged and not a passive donor, he said, not just throwing money at a cause without knowing the specifics of how it will be allocated. 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. 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. She also serves on the governance and capital projects committees. Use Next and Previous buttons to navigate. 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. Williams is the only one of four. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. Donald Trumps real net worth? The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Back home, Duncan was breezing through school. 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. 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Both individuals are Houstonians. 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!' Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. 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, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. She was elected as a board director in 2010 and as chairman in 2013. She's very well read, independent-minded and proud of her Texas heritage.". "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. The Basses hold down the No. book to class, Oops! His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Enemies are nowhere to be found. >>> Scroll through to see which other Houstonians made the list. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. 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. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. 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. 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. FC Barcelona president Joan Laporta and Real Madrid counterpart Florentino Perez took advantage of their teams' Copa del Rey semi-final first leg meeting on Thursday to meet and discuss a strategy for the launch the European Super League (ESL), according to reports. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. "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. 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. 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. 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 vehicle was present as a guest of honour on the quayside as the ceremony took place. Levy sold the. 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, Paul Hobby, for an undisclosed amount. Hobbys group paid $25 million for the magazine in 2016. Print ad revenue has declined in the same period. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. Handout / Texas Monthly Show More Show Less 2 of 11. [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. This is a carousel. In person, the 73-year-old Duncan hardly fits the billionaire image. Both Goodgame and Brown expressed great hopes for the companys future under Williams. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 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. 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. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. 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. Williams earned a Bachelor's Degree from Rice University. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. 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. David Courtney, a.k.a. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. Duncan was the first overall pick in the 1959 NFL Draft by the Green . 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. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. $2.5 billion, according to our most recent tally. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. 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). I . Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. The net worth of each heir exceeds $5 billion. They just do it in many different ways today. [4], In 2019, she purchased Texas Monthly'. In his later years, his drive to succeed turned to the philanthropic world. Report Date Eligible Voters2 Registered Voters Percent . ("Dub") Andras, By the time she discovers the truth about Toms life, it may be too late to go back. 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!' Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Besides the Double D ranch, the Duncans have two houses a vacation home in Santa Fe, N.M., and a 35,000-square-foot colonial style plantation house in River Oaks, complete with wine cellar, pool house, old European tapestries and furniture, linen-fold paneling and hand-painted, biblically themed Delft tiles. So, who is she? Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. 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. 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. This website is published by INEOS on behalf of its businesses. Randa Duncan Williams, a Houston billionaire and philanthropist. INEOS makes major $1.4 billion acquisition of US onshore oil and gas assets, INEOS Announces Closing of Offering of Senior Secured Notes Due 2028. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. The handoff of ownership becomes official June 30. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. In 1995, Duncan waged his own battle with prostate cancer. If you earn people's trust, you'll receive the first call when they want to make a deal.". But it's easy to give. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. The Grenadier 4X4 combines British spirit and design with German engineering rigour. 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. 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 . Bring on the Shiplap. 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. Scott B. Forbes recently listed Williams as the ninth wealthiest person in Texas. 9. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Since then, he has hunted with the Eskimos of the North in Canada, the Pygmies of the Central African Republic, the Bushman people of Botswana and the nomads of Northern Africa. 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. Randa enjoys the highest profile among the four Duncan siblings. 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. It will also be available on VOD for home viewing. 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. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. 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. Robert is the wealthiest of the foursome. 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. 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. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. "I tell them no. The next summer, he began traveling to visit his father wherever he was working. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. 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 . The current estimated net worth of Enterprise. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. Texas Monthly should be in good hands under her stewardship, Stein said. 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. Order books are now open for Europe and other key launch markets. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. At 230 metres it is longer than two American football pitches combined (eight basketball courts). She was named executor of her fathers estate when he died. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. At No. 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. Her role is complex, but the novice actor handles everything thats asked of her extremely well. Are insane ticket costs pricing Astros fans out of Opening Day? Learn More about insider trades at Enterprise Products Partners. Enter your email address below to get our daily insider buying and selling report. 1 of 11. Like her father, Randa stays out of the spotlight. Randa Williams Duncan enjoys the highest profile among Houston's richest family. 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. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. Hunt, sit at No. She can help strengthen the magazine without needing it to be a money maker. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . When he was 3 1/2 , his mother came down with tuberculosis. 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. 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. They have looked at the business through every lens. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. 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. For the second time since 2016, Texas Monthly magazine is getting a new owner. Alice Walton isnt the only Texan whos a member of the Walton dynasty. Randa Duncan Williams. 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. She loves Texas Monthly as much as anybody ever did. When she gives money, shes selective and wants to ensure it will be spent appropriately. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. 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. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. Enterprise was sailing along in the early 1980s with more than $350 million of assets (including those of the just-purchased Wanda), when interest rates doubled. Learn More on Enterprise Products Partners' active insiders. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . Leave them blank to get signed up. 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. Joe M. Bailey 1996 - present. A Right-wing Cabal Took Over Odessas Municipal Government. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. Support responsible news and fact-based information today! [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. The EIN for the organization is 59-1630423. It also is a story full of tragedy. All rights reserved. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. 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. The amount paid for what is called the National Magazine of Texas wasn't disclosed.
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