But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. If I did it over, I'd never be this lucky again.". As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. They purchased a total of 65,350 shares worth more than $1,573,730.50. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. Avara's sister Randa Duncan Williams is the only . Like her father, Randa stays out of the spotlight. Enter your email address below to get our daily insider buying and selling report. "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. He was dead in a week. 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. 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 was named executor of her fathers estate when he died. Chart Data in Insider Trading History Table. New Democratic Party. The Basses hold down the No. 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. (Dave Rossman/For the Chronicle). Donald Trumps real net worth? City Employees Are Heading for the Exits. And she intends to provide them., She wants to own it forever, added Brown. 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). We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. I remember Randa as being very engaged and politically active, Stein said. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. That's what makes me emotional.". 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. Breadcrumb. Author John Graves Was a Literary Godfather to Texas Monthly, Red McCombs Turned Old San Antonio on Its Head, Attorney General Ken Paxton Agrees to Apologize and Pay $3.3 Million to Whistleblowers, Running Into Fire: The Legacy of Jeff Blackburn. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. While 2020 has been a nightmare financially for many, some locals have cashed in. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. The four siblings are tied for the second wealthiest people in Houston. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. He liberated airlines and trucking and enabled the 1980s-1990s boom. 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. Both Goodgame and Brown expressed great hopes for the companys future under Williams. 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. He later became one of the largest pipeline operators in the United States. 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. Houston pitmaster goes viral after hilarious TV interview, Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, 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. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. 3rd party / other. Report Date Eligible Voters2 Registered Voters Percent . TikTok Is Banking On Project Texas to Avoid a U.S. Ban. Even during the evilest (aka most devastatingly effective) moment of the film, he never raises his voice or threatens Lea in any way, which somehow makes the aftermath even worse. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". 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. 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. Randa Williams lives in Houston, TX; previous city include La Porte TX. Top party schools in every state. Slowly but surely she falls for him, even though part of her knows the situation feels off. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. Fire Ants Have Unleashed Chaos in Texas for Decades. 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. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. time of the 2009 Sale, by Duncan and members of his family. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). They just do it in many different ways today. People consume storytelling more than they ever have, Goodgame said. He was right. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. 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. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. Randa also answers to Randa Duncan Wil, Randa D Williams, Randa L Duncan-williams, Randa Duncanwilliams and Randa Duncanwil, and perhaps a couple of other names. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. At 230 metres it is longer than two American football pitches combined (eight basketball courts). his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. 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. When he was 3 1/2 , his mother came down with tuberculosis. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". 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. The gift dwarfed any previous donation to the Texas Medical Center. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. Please visitwww.enterpriseproducts.comfor more information. 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.. 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 Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. Need to know more? The net worth of each heir exceeds $5 billion. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. Randa is Duncan's eldest child, at 57. Duncan's rise didn't come without struggles. Hunt, sit at No. 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. Built in Jiangnan, China and operated by Pacific Gas, the Pacific INEOS Grenadier ismade of approximately 18,000 tonnes of steel and 40,000 metres of piping. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. The brass at Enterprise Products was busy finalizing a blockbuster transaction in the summer of 2004, when Forbes magazine called with a question about the company's chairman. 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.. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. They have one child. A week later, he became ill with fever and chills. Whats Up With All the Kangaroos on the Loose in Texas? 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. Theyre not looking at it that way. People in the industry say he has no ego. 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. 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. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. Randa Duncan Williams - Director, Enterprise Products Partners Lp. "I was enthralled by their vivid descriptions. 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). How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. Learn More on Enterprise Products Partners' active insiders. 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. Texas Monthly should be in good hands under her stewardship, Stein said. "The one who seemingly came out of nowhere.". Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. 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. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. 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. He's taken more than 360 different species, including the Grand Slam of Sheep (the Dall, Stone, Desert and Rocky Mountain Bighorn) and the Big Five of Africa (elephant, rhinoceros, Cape buffalo, leopard and lion, considered the continent's most dangerous animals), both rare achievements. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . Information on this page was last updated on 12/27/2022. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. [4], In 2019, she purchased Texas Monthly'. She received . 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. Heres what you need to know. You can view The Poynter Institutes most-recent public financial disclosure form 990, Poynter ACES Introductory Certificate in Editing, The new Succession trailer, along with media news and must-read links for your weekend, Is there really a shoplifting epidemic?, Assistant Professor of Business (Accounting) - McMinnville, OR (97128), Editor & Lead Reporter - Newton, MA (02460), Executive Editor - Meriden (CT) Record Journal - Meriden, CT (06450), Associate News Editor - Seattle, WA (98109), Research Policy Reporter, C&EN - Washington, DC (20036), WUNC Podcast Producer & Host - Durham, NC (27701), Senior Copy and Content Editor - 23098 - Washington, DC (20037), Editor-in-Chief of Assembly - Washington, DC (20001), Communications Specialist - Richmond, VA (23294). Forrest Wilder writes about politics and the outdoors. 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. 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. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. And how much money does she have, anyways? Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Barbara Allen is the director of college programming for Poynter. 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 . [8], She lives in Houston with her husband, and they have one child.[7]. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Her role is complex, but the novice actor handles everything thats asked of her extremely well. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. She can treat it more like a non-profit. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. Support responsible news and fact-based information today! Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. 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. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. Profession. 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. 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. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. Mr John Lu, President of Pacific Gas said:We are delighted to deliver the Pacific INEOS Grenadier, the second of the largest VLECs in the world, as we extend INEOS ground-breaking ethane trading business. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. 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. 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. 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. But, for some, Williams might not be a household name. Truth be told, there's little left for Duncan to pursue. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. 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. 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. "I certainly never expected him to become a billionaire.". Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. One of those people was Williamsthough she had not been one of the early suitors. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. However, the publication last changed hands in 2016 for $25 million. Order books are now open for Europe and other key launch markets. We know that Randa's political affiliation is unknown . 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. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. Williams is the only one of four. Learn More on Randa Duncan Williams' trading history. 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. Learn More on Randa Duncan Williams' contact information. Medicine and education are Duncan's pet causes. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. Are ticket costs pricing Houston Astros fans out of Opening Day? Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. That requires resources. 9. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. the Texanist, is a staff writer. Political party. Her father, Dan Duncan, was the co-founder of Enterprise Products. The EIN for the organization is 59-1630423. Its now official: This will be the last season of the brilliant series about a media mogul and his family. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. >>> Scroll through to see which other Houstonians made the list. In 1995, Duncan waged his own battle with prostate cancer. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. As she recalls the scene, Duncan jokes, "Great line.". Williams was quoted in a release as saying, My family is delighted to provide the resources to support this iconic Texas institution which is nationally recognized for its editorial flair.. The net worth of each heir exceeds $5 billion. 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. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . 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. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. book to class, Oops! 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. Stock photos, 360 images, vectors and videos Are ticket costs pricing Houston Astros fans out of Opening Day? A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. 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. 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. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. 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. Prior to that, she served as managing editor of Poynter.org. 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 way it played out is poetic.. Enterprise is Mont Belvieus biggest player. Learn More on Randa Duncan Williams' trading history. 2010 - present. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . 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. Related by financial asset: Enterprise Products Partners L.P. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. His nice guy look hides the type of person his character truly is. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 8. Outside Spending Groups. Joe M. Bailey 1996 - present. Randa Williams Duncan enjoys the highest profile among Houston's richest family.