The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. The Hunt family, whose members are descendants of oil wildcatter H.L. Print ad revenue has declined in the same period. 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. 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. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. Its rattlesnake season in Texas. Richard Kinder and 10 other Houston billionaires cash in on Forbes list The experience and those of his loved ones made a lasting impression. Williams holds a bachelors degree from Rice University and a J.D. Forbes also ranks her as tied for the 290th richest person in the world. Randa Williams Duncan enjoys the highest profile among Houston's richest family. Prior to that, she served as managing editor of Poynter.org. The current estimated net worth of Enterprise. 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. Randy Duncan - Wikipedia The situation in which Lea finds herself is not one that is often confronted in movies, and by wallowing in the misery of it, its as if Deck is refusing to let viewers off the hook by letting them look away. 13. Are insane ticket costs pricing Astros fans out of Opening Day? Randa L Williams, 61 - Houston, TX - Reputation & Contact Details Weve got somebody who understands that whats required here is patient capital, Goodgame said, someone whos not looking at this as the best risk-adjusted ROI on their next dollar. Insiders at Enterprise Products Partners own 32.6% of the company. Randa Duncan Williams Vice President 1996 - present. The Natural Gas Pipelines & Services segment stores and transports natural gas. All Rights Reserved. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". She loves Texas Monthly as much as anybody ever did. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. And You Thought Feral Hogs Were Bad. Alice Walton isnt the only Texan whos a member of the Walton dynasty. 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. 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. Use our Product finder instead. Barbara Allen is the director of college programming for Poynter. Grenadiers meet at the Pacific INEOS Grenadier naming ceremony. His nice guy look hides the type of person his character truly is. The terms of the sale were not . The Duncan Family is the 21st-wealthiest family in the world, with a. Duncan's other secret was his dedication, a work ethic evident by his plan "to keep doing this until they carry me out in a box." "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. 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. 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. 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. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. People consume storytelling more than they ever have, Goodgame said. If I did it over, I'd never be this lucky again.". 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. 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. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. . The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. It wasn't long before it was just the two of them. 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!' I remember Randa as being very engaged and politically active, Stein said. A Right-wing Cabal Took Over Odessas Municipal Government. Houston's richest man raises his profile - Chron Enterprise Products Partners has a market value of $63 billion. 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. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Information on this page was last updated on 12/27/2022. 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. Levy sold the. It took Duncan to show them it was in their financial interest to outsource them to an independent company, to get such assets off their books. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. 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. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Theres a party going on deep in the heart of Texas. The history of film is full of both real and fictional cautionary tales, showing how quickly someone can go from leading a relatively normal life to having their world completely turned upside down. 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. 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. Randa Duncan Williams - Political - LittleSis Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. "Giving to the community is a way to make a difference. 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.. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. 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.. 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). Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. Where does she come from? This is a carousel. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. 2010 - present. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. Randa is Duncan's eldest child, at 57. The way it played out is poetic.. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. She can help strengthen the magazine without needing it to be a money maker. Texas Monthly's New Owner - Texas Monthly Site designed and developed by The MTM Agency. Randa enjoys the highest profile among the four Duncan siblings. 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. The Grenadier 4X4 combines British spirit and design with German engineering rigour. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. For the second time since 2016, Texas Monthly magazine is getting a new owner. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. The thing is, Duncan's story is epic stuff: self-made man who started his company with $10,000 and a trailer-truck; visionary new breed of oilman who carved out a niche that changed the industry; big game hunter who's stalked prey on six continents; record-setting philanthropist; cancer survivor. 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. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. 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. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. 10 things to know about Randa Duncan Williams, the Houston - Chron 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. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. 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. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. (Dave Rossman/For the Chronicle). 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. (The Duncans come in at No. She was elected as a board director in 2010 and as chairman in 2013. Houston pipeline heirs strike it rich as wealthiest family in Texas Texas Monthly magazine sold to Enterprise Products affiliate led by Back home, Duncan was breezing through school. She is the Chairwoman of Enterprise's board of directors. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. ", Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten, New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI, "10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly", "Texas Monthly gets new ownership, again", Forbes: The World's Billionaires - Randa Williams, https://en.wikipedia.org/w/index.php?title=Randa_Williams&oldid=1108418741, American businesspeople in the oil industry, Creative Commons Attribution-ShareAlike License 3.0, holding an 8% stake in Enterprise Products, This page was last edited on 4 September 2022, at 08:21. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Editor-in-chief Dan Goodgame said the mood around the office is light, and hes spent the day responding to well-wishers via email and text. Forrest Wilder writes about politics and the outdoors. Sec Form 4 Medicine and education are Duncan's pet causes. By 1973, it was a $3 million company. The EIN for the organization is 59-1630423. 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. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Truth be told, there's little left for Duncan to pursue. Party affiliation of the mayors of the 100 largest cities By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. 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. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 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. 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. It made for tough times for Duncan, whose business philosophy was all about growing the company. He later became one of the largest pipeline operators in the United States. In his later years, his drive to succeed turned to the philanthropic world. 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. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. He was only half kidding. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. Above you can find out the answers to those questions and more. Lawyer, environmental consultant. 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). According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. 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. INEOS is a Registered Trademark, the property of INEOS Capital Limited. The four Bass brothers Sid, Edward, Robert, and Lee each inherited $2.8 billion from their oil tycoon uncle Sid Richardson after his death in 1959. Randa Duncan Williams, a Houston billionaire and philanthropist. 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. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. 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. 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. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. "Major companies wanted to do business with companies with significant assets. She and her 3 siblings each hold an 8% stake in the family business. 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. Scott B. 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. She joined the company in 1994 and took on the roles of president and CEO in 2001. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Learn More on Randa Duncan Williams' trading history. A Texas history buff owning a magazine about Texas seems like a natural fit. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. time of the 2009 Sale, by Duncan and members of his family. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Available for both RF and RM licensing. 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. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. Randa Williams - Wikipedia Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. He was right. However, the publication last changed hands in 2016 for $25 million. Austin-based Texas Monthly sold to Houston billionaire following Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. She's very well read, independent-minded and proud of her Texas heritage.". He liberated airlines and trucking and enabled the 1980s-1990s boom. 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. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. In 1995, Duncan waged his own battle with prostate cancer. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. She was named executor of her fathers estate when he died. 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. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. 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. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. 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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. 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. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. She also serves on the governance and capital projects committees. Breadcrumb. Duncan can sneak up on you. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. The vehicle was present as a guest of honour on the quayside as the ceremony took place. 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. 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. Submit a correction suggestion and help us fix it! Get the Poynter newsletter that's right for you. 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. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. The handoff of ownership becomes official June 30. He also gave $35 million to Baylor's new outpatient clinic and $10 million to the Children's Learning Institute at the University of Texas Health Science Center at Houston to create a neurodevelopmental clinic. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. Both Goodgame and Brown expressed great hopes for the companys future under Williams. Williams also made The Houston Chronicle's, Brett Coomer, Houston Chronicle / Staff photographer, 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. An East Texas country boy who resembles John Glenn without the crinkles, he's nothing like the brash, rough-hewn Texas oil baron of old. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. When she gives money, shes selective and wants to ensure it will be spent appropriately. Enter your email address below to get our daily insider buying and selling report. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. Theyre not looking at it that way. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. 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. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? 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. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Forbes says the stock generates more than $700 million in annual dividend income for the family. The next summer, he began traveling to visit his father wherever he was working. Peter Dawson is a digital reporter in Houston. We use cookies to make sure you get the most from our website. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. Both individuals are. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. Current Climate: Big Techs Massive Carbon Footprint, Xavi Speaks On FC Barcelonas Defensive Masterclass Against Real Madrid Ahead Of Valencia Clash, How Scott Boras Used Baseballs No-Shift Rule To Get Pay Raises For Underachieving Clients, Manchester City Ready To Sell Bernardo Silva To FC Barcelona And Name Asking Price - Reports, FC Barcelona And Real Madrid Presidents Met To Discuss European Super League Strategy Before El Clasico - Reports, Xavi And Laporta Clash On Raphinha Summer Sale By FC Barcelona - Reports, Friday, March 3.