The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. 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. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. In its 2020 budget year, Walmart racked up revenue of $524 billion and the company continues to rack up riches for heirs of the retail giants founders. 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. Randa Duncan Williams. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. [3] Due to a temporary repeal in the estate tax law for the year 2010, Duncan became, along with her siblings, one of the first American billionaires to pay no estate tax since its enactment. It made for tough times for Duncan, whose business philosophy was all about growing the company. That mindset has continued as a philanthropist, he said. 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. | 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. Randa is the only one of Dan Duncan's children still involved in the family business. 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. "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. 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. 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. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. I . Seaman Treasurer 1996 - present. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. Slowly but surely she falls for him, even though part of her knows the situation feels off. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. ", 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. Randa Duncan Williams has a net worth of $7.2 billion. Almost by definition, Enterprise seemed destined to stay under the radar. (Dave Rossman/For the Chronicle). Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Members of St. Theresa Catholic Church in Memorial Park, the couple say they're shy, more comfortable working behind the scenes than in the limelight. INEOS is a Registered Trademark, the property of INEOS Capital Limited. The companys annual sales are around $28 billion. 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. 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. Whats Up With All the Kangaroos on the Loose in Texas? The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. 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. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. Dave Rossman, freelance / For the Chronicle. And You Thought Feral Hogs Were Bad. time of the 2009 Sale, by Duncan and members of his family. Theyre not looking at it that way. 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). She also serves on the governance and capital projects committees. "Giving to the community is a way to make a difference. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. Learn More on Randa Duncan Williams' trading history. 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. She received . 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.. Additionally, she sits on the board of the University of Texas Health Science Center. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. For the second time since 2016, Texas Monthly magazine is getting a new owner. 9. Randa Duncan was born to Barbara Ann and Dan Duncan. Learn More on Randa Duncan Williams' contact information. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. 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. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. Her role is complex, but the novice actor handles everything thats asked of her extremely well. Dan Duncan needs no reminder. 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. Shes very well read, independent-minded and proud of her Texas heritage.. 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. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Duncan was the first overall pick in the 1959 NFL Draft by the Green . Williams earned herJuris Doctorate from the University of Houston College of Law. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. They just do it in many different ways today. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. 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. 14. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. By the time she discovers the truth about Toms life, it may be too late to go back. The Director DefendantRanda Duncan Williams, O.S . 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 . She is the Chairwoman of Enterprise's board of directors. 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. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. 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. Forbes recently listed Williams as the ninth wealthiest person in Texas. 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. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. 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. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. 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." Handout / Texas Monthly Show More Show Less 2 of 11. 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!' Duncan can sneak up on you. 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. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. [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. 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. 2023 Forbes Media LLC. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. 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. 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. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. He was dead in a week. She can treat it more like a non-profit. 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. 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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. 8. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". The Campaign to Sabotage Texass Public Schools. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. Site designed and developed by The MTM Agency. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. 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. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. 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. from the University of Houston. "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. 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. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. His nice guy look hides the type of person his character truly is. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Palm Trees and Power Lines opens on March 3 in select theaters. She was elected as a board director in 2010 and as chairman in 2013. 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. Avara's sister Randa Duncan Williams is the only . "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. 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. 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. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. On HoustonChronicle.com:Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, "I have been an avid Texas Monthly reader since I was a teenager," Williams, who will control the magazine through Enterprise Partners Co., said in a statement. A major philanthropist like her father, she has focused much of her giving on medicine, education, the arts and cultural institutions, such as the Houston Zoo and the Houston Museum of Natural Science. Like her daddy, she prefers to keep a low profile. 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. Three months later, the TB claimed his mother. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. the Texanist, is a staff writer. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. 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). Mimi Swartz is a staff writer based in Houston. 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. Its now official: This will be the last season of the brilliant series about a media mogul and his family. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. Williams holds a bachelors degree from Rice University and a J.D. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. The net worth of Fort Worth billionaire Alice Walton, the only daughter of Walmart founder Sam Walton, accounts for a little over one-fourth of the family fortune. Since the Baylor gifts and the Forbes. 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. All rights reserved. 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. Randa Duncan Williams Vice President 1996 - present. 18 on the Forbes list with a net worth of $15.5 billion. Theres An App for That. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. Forbes says the stock generates more than $700 million in annual dividend income for the family. Heres what you need to know. The diligence process has been exhaustive, and they believe in Texas Monthly., Terms of the deal, which is set to close on June 30, 2019, were not disclosed. This is a carousel. Lawyer, environmental consultant. 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. At No. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. 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. "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. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. When he was 3 1/2 , his mother came down with tuberculosis. That's what makes me emotional.". Barbara Allen is the director of college programming for Poynter. 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. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. 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. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. Medicine and education are Duncan's pet causes. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Leave them blank to get signed up. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. Please visitwww.enterpriseproducts.comfor more information. Both his first and second wife succumbed to cancer. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. Randa Williams is marred to her husband, Charles A. Williams. In 1995, Duncan waged his own battle with prostate cancer. I especially enjoy the longform storytelling that has helped earn the magazine fourteen National Magazine Awardsthe industrys equivalent of an Oscarover its 46-year history. Levy sold the. 1This 123-Day Report of Registration for apresidential general election is the second report of its kind; therefore, its data is being compared to the first 124-Day Report of Registration on July 7, 2016, and the 154Day Reports of . 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. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Looking for a product? They have one child. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. By 1973, it was a $3 million company. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. 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. A Texas history buff owning a magazine about Texas seems like a natural fit. Reflects change since 5 pm ET of prior trading day. 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 . 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. 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. Enterprise is Mont Belvieus biggest player. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. 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. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. Hobbys group paid $25 million for the magazine in 2016. 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. A week later, he became ill with fever and chills. [8], She lives in Houston with her husband, and they have one child.[7]. 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). "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. 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. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 13. 2010 - present. Randa Duncan Williams, a Houston billionaire and philanthropist. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Details of the transaction werent made public. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. 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. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products.
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