15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. "What's unique, besides your assets and staff, is your relationships. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. The four siblings are tied for the second wealthiest people in Houston. Slowly but surely she falls for him, even though part of her knows the situation feels off. EPCO's principal business was to provide employees, management, and administrative services to Duncan's companies, including Enterprise Products LP, Enterprise Products GP, and (until the 2010 Merger) EPE. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. Political party. 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. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. "I certainly never expected him to become a billionaire.". We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. He played college football at the University of Iowa in the Big Ten Conference.He played in two Rose Bowls (January 1957, 1959) and was inducted into the College Football Hall of Fame (1997). And You Thought Feral Hogs Were Bad. Learn More on Randa Duncan Williams' contact information. Major Williams Republican Democratic Los Angeles 2012-2022 Orange 2012-2022 Orange 2021-2022 2012-2021 San Diego 2018-2022 Sonoma 2012-2018 Lassen 2012-2022 . Peter Dawson is a digital reporter in Houston. Did Enterprise dispute the amount? We know that Randa's political affiliation is unknown . He liberated airlines and trucking and enabled the 1980s-1990s boom. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. A Texas history buff owning a magazine about Texas seems like a natural fit. 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. Randa Williams is 61 years old and was born on 08/28/1961. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. Print ad revenue has declined in the same period. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon Randa is the only one of Dan Duncan's children still involved in the family business. "I was enthralled by their vivid descriptions. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. Grateful for the treatment he received at Baylor and convinced of the need to move cancer research forward, he gave the medical school $100 million two months ago. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. "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. [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. Hobbys tenure as chairman of Texas Monthly also saw some tumult, including several high-profile staff departures and accusations of editorial impropriety in early 2018, when then editor-in-chief Tim Taliaferro was alleged by the Columbia Journalism Review to have agreed to an arrangement in which the dating app Bumble would pay for social media promotion for a Texas Monthly cover story about Bumble founder Whitney Wolfe Herd. When she gives money, shes selective and wants to ensure it will be spent appropriately. Details of the transaction werent made public. The vehicle was present as a guest of honour on the quayside as the ceremony took place. Randa Duncan Williams - Director, Enterprise Products Partners Lp. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. 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.. 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. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, Click here for the name of the one ticker you need. Theres An App for That. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. 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. 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. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. PATRICK . Ms. Williams is the Chairman of Enterprise Products Holdings LLC. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. 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. Order books are now open for Europe and other key launch markets. Paul Klotman, M.D. Randa Duncan Williams has a net worth of $7.2 billion. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. book to class, Oops! The EIN for the organization is 59-1630423. 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 . Can College Sports Get More Absurd Than SMU Joining the Pac-12? Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. the Texanist, is a staff writer. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". Scott B. People in the industry say he has no ego. time of the 2009 Sale, by Duncan and members of his family. She is the Chairwoman of Enterprise's board of directors. 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. His nice guy look hides the type of person his character truly is. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. Dannine Avara - Forbes Dan Duncan, who died in 2010, left the fortune he amassed as the co-founder and chairman of Enterprise Product Partners to his four children, Dannine Avara, Scott Duncan, Milane Frantz and Randa Williams. If I did it over, I'd never be this lucky again.". Randa L Williams, 61 - Houston, TX - Reputation & Contact Details Albert & Margaret Alkek Foundation - President's Message For the second time since 2016, Texas Monthly magazine is getting a new owner. 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. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. She was named executor of her fathers estate when he died. Like her daddy, she prefers to keep a low profile. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. In the Supreme Court of The State of Delaware Enterprise Products C.a After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. Why Does He Get to Make That Call? One of those people was Williamsthough she had not been one of the early suitors. Three months later, the TB claimed his mother. 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. New Democratic Party. 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). Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. 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 next summer, he began traveling to visit his father wherever he was working. Richard Kinder and 10 other Houston billionaires cash in on Forbes list Sold! Randa Duncan Williams buys Texas Monthly, the latest - Poynter The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. 2010 - present. 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. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. 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 the only one of four. Breadcrumb. Joe M. Bailey 1996 - present. 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. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. 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." Chart Data in Insider Trading History Table. Two and a half years after the award-winning publication was sold to Genesis Park, the Houston-based private equity firm founded by Paul Hobby, it has been purchased by Texas Monthly, LLC, a newly formed affiliate of Enterprise Products Company (EPCO), a privately held firm also based in Houston. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. When he was 3 1/2 , his mother came down with tuberculosis. For the second time in less than three years, Texas Monthly has a new owner. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. She can help strengthen the magazine without needing it to be a money maker. Please visitwww.enterpriseproducts.comfor more information. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. 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. The current estimated net worth of Enterprise. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. 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. New billionaire owner of Texas Monthly prefers background 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. Her role is complex, but the novice actor handles everything thats asked of her extremely well. 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. 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. Support responsible news and fact-based information today! Mimi Swartz is a staff writer based in Houston. Randa is Duncan's eldest child, at 57. (The Duncans come in at No. The Grenadier 4X4 combines British spirit and design with German engineering rigour. 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. 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.. Prior to that, she served as managing editor of Poynter.org. 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. Avara's sister Randa Duncan Williams is the only . Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. The gift dwarfed any previous donation to the Texas Medical Center. It's receiving that's harder. 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. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. 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. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. "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. 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. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. 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. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". 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. Randa Duncan Williams - Bloomberg She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". Copyright 2022. 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. "The one who seemingly came out of nowhere.". Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. 30 spot with a net worth of $10.8 billion. She inherited $3.1 billion upon the death of her father. 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. The terms of the sale were not . These 4 Houstonians cash in on Forbes' list of richest American (Dave Rossman/For the Chronicle). Digital revenue has grown from 8 percent of ad sales in 2017 to 20 percent in 2019, while event sponsorship revenue has grown from 6 percent to 18 percent of the total. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. 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. Medicine and education are Duncan's pet causes. [8], She lives in Houston with her husband, and they have one child.[7]. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. She had strong opinions about things.. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. Duncan had four adult children, each of whom is also a billionaire. And she intends to provide them., She wants to own it forever, added Brown. 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. 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. Above you can find out the answers to those questions and more. [4], In 2019, she purchased Texas Monthly'. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . On this Wikipedia the language links are at the top of the page across from the article title. Use Next and Previous buttons to navigate. Randa Williams - Biography Party affiliation of the mayors of the 100 largest cities ", 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. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. Use our Product finder instead. Related by financial asset: Enterprise Products Partners L.P. Its rattlesnake season in Texas. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. In his later years, his drive to succeed turned to the philanthropic world. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. Texas Monthly should be in good hands under her stewardship, Stein said. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. She and her 3 siblings each hold an 8% stake in the family business. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. She joined Enterprise in 1994 as vice president. 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!'