After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. June 25, 2019 35 Texas Monthly magazine has a new owner. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Donald Trumps real net worth? It will also be available on VOD for home viewing. Can College Sports Get More Absurd Than SMU Joining the Pac-12? Mimi Swartz is a staff writer based in Houston. Order books are now open for Europe and other key launch markets. 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. 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. She received . "I certainly never expected him to become a billionaire.". 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. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. 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. 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. Available for both RF and RM licensing. He was only half kidding. $2.5 billion, according to our most recent tally. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. 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. 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. Both his first and second wife succumbed to cancer. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. 30 spot with a net worth of $10.8 billion. 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. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. She can help strengthen the magazine without needing it to be a money maker. City Employees Are Heading for the Exits. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. These 4 Houstonians cash in on Forbes' list of richest American Bring on the Shiplap. 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. Copyright 2022. Duncan family - Forbes On this Wikipedia the language links are at the top of the page across from the article title. Almost by definition, Enterprise seemed destined to stay under the radar. But, for some, Williams might not be a household name. 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. She loves Texas Monthly as much as anybody ever did. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. The hub of its NGL processing is just east of Houston in Mont Belvieu, known as the natural gas liquids capital of the world due to its massive complex of underground salt dome storage and processing plants. She previously served on the board of directors of Encore Bancshares. Leave them blank to get signed up. New Democratic Party. "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. If I did it over, I'd never be this lucky again.". Enterprise is Mont Belvieus biggest player. Palm Trees and Power Lines opens on March 3 in select theaters. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . Learn More on Randa Duncan Williams' trading history. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. The next summer, he began traveling to visit his father wherever he was working. 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. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. 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. 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 Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. Insiders at Enterprise Products Partners own 32.6% of the company. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. "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. Forrest Wilder writes about politics and the outdoors. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. Duncan's rise didn't come without struggles. Joe M. Bailey 1996 - present. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. Williams earned herJuris Doctorate from the University of Houston College of Law. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, according to reports. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . book to class, Oops! Looking for a product? If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. 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'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. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. The terms of the sale were not . Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. 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. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. 4 Houstonians cash in on Forbes' list of richest American families Dan Duncan founded Enterprise Products Partners in 1968. 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. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Both Goodgame and Brown expressed great hopes for the companys future under Williams. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. 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. Yesteday in Houston, one of the worlds largest ethane carriers came face to face with its namesake, the INEOS Grenadier 4X4, at the ship's official christening ceremony. 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. 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. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 18 on the Forbes list with a net worth of $15.5 billion. "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. Duncan had four adult children, each of whom is also a billionaire. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. 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. 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. 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. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. 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. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Randa Williams Duncan enjoys the highest profile among Houston's richest family. Are insane ticket costs pricing Astros fans out of Opening Day? Fleeing for Your Life? 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. Medicine and education are Duncan's pet causes. Outside, 20 species of native and exotic game roam the 5,000-acre spread named the Double D. Duncan's passion for hunting dates to boyhood jaunts for small game in East Texas, but it reawakened in his mid-30s, after a trip to New Mexico to hunt Rocky Mountain elk. Houston pipeline heirs strike it rich as wealthiest family in Texas Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Enterprise Products Partners has a market value of $63 billion. It's receiving that's harder. Its now official: This will be the last season of the brilliant series about a media mogul and his family. from the University of Houston. In 1995, Duncan waged his own battle with prostate cancer. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Randa Williams Net Worth, Biography, and Insider Trading Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. When he was 3 1/2 , his mother came down with tuberculosis. [4], In 2019, she purchased Texas Monthly'. This is a carousel. All rights reserved. Alice Walton isnt the only Texan whos a member of the Walton dynasty. Randa L Williams, 61 - Houston, TX - Reputation & Contact Details Both individuals are Houstonians. On his first date with Jan, six months after Billie's death, Duncan spoke of how he loved to be married, how he would still be married if his wife hadn't died. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. She had strong opinions about things.. The ship also has the potential to carry other products such as LPG and ethylene. He liberated airlines and trucking and enabled the 1980s-1990s boom. Three months later, the TB claimed his mother. Randa Williams lives in Houston, TX; previous city include La Porte TX. Are ticket costs pricing Houston Astros fans out of Opening Day? Unflappable and approachable, he strives for deals that benefit both parties and bases his business philosophy on his grandmother's motto of "Do the best you can every day." She is the Chairwoman of Enterprise's board of directors. Get the Poynter newsletter that's right for you. Need to know more? When she gives money, shes selective and wants to ensure it will be spent appropriately. [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. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. 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. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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. 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. 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. That requires resources. 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. Theres An App for That. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. 9. A Texas history buff owning a magazine about Texas seems like a natural fit. 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. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. After a stint in the Army in the mid-1950s he was stationed in Germany doing radio communications Duncan moved to Houston and went back to school. Enterprise Products Partners LP Stock Ownership - WallStreetZen Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. One of those people was Williamsthough she had not been one of the early suitors. 3rd party / other. 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). Forbes recently listed Williams as the ninth wealthiest person in Texas. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Learn More on Enterprise Products Partners' active insiders. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . 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. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. (The Duncans come in at No. 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. 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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 is a carousel. Are insane ticket costs pricing Astros fans out of Opening Day? "Major companies wanted to do business with companies with significant assets. Albert & Margaret Alkek Foundation - Board and Staff Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. 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 net worth of each heir exceeds $5 billion. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. Political party. She can treat it more like a non-profit. Its rattlesnake season in Texas. Enterprises political action committee may give money primarily to Republicans, but her political science professor at Rice, Robert Stein, remembers Duncan Williams as public policy-minded and decidedly more liberal. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. David Courtney, a.k.a. Williams is the only sibling involved in running the family business. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. 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. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. Randa Duncan Williams, a Houston billionaire and philanthropist. Texas Billionaire Heiress Randa Duncan Williams Prefers To Stay Out Of 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. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Heres what you need to know. | 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. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. 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. Enter your email address below to get our daily insider buying and selling report. 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. 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 way it played out is poetic.. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. People in the industry say he has no ego. 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. 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. She also serves on the governance and capital projects committees. Learn More on Randa Duncan Williams' contact information. Randa Williams is 61 years old and was born on 08/28/1961. 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. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. 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. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. Dan Duncan needs no reminder. "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. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.".
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