She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Learn More on Enterprise Products Partners' active insiders. These Common Units are owned directly by The Randa Duncan Williams 2018 Family Trust (the "RDW Family Trust"), for which Ms. Williams serves as a director of an entity trustee. 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. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. 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). They have one child. 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. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Medicine and education are Duncan's pet causes. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. 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. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. In 1995, Duncan waged his own battle with prostate cancer. 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. Within a year, Enterprise completed the first facility of its now-mammoth complex near the salt domes at Mont Belvieu, 25 miles east of Houston. 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. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . Randa Duncan Williams has a net worth of $7.2 billion. 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." Albert & Margaret Alkek Foundation - Board and Staff Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. After Wanda was sold in 1968, Duncan decided to go out on his own. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. 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. 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. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. 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. 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Party affiliation of the mayors of the 100 largest cities Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. Dan Duncan needs no reminder. Learn More on Randa Duncan Williams' trading history. We are also proud ambassadors of the uncompromising Grenadier 4X4. 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. 3rd party / other. Business & Economy; 25 richest families in America . If you earn people's trust, you'll receive the first call when they want to make a deal.". Russias War On Ukraine: Daily News And Information From Ukraine, Todays Wordle #623 Hint, Clues And Answer For Saturday, March 4th, WWE SmackDown Results: Winners And Grades As Rhodes And Reigns Finally Face Off, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. Richard Kinder and 10 other Houston billionaires cash in on Forbes list They have looked under every rock. Her father, Dan Duncan, was the co-founder of Enterprise Products. The Basses hold down the No. 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. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. Sec Form 4 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. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. 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. Looking for a product? 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. 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. He was a low profile billionaire in a profitable but unsexy business. Theyre not looking at it that way. The Duncan Family is the 21st-wealthiest family in the world, with a. "The one who seemingly came out of nowhere.". Duncan had four adult children, each of whom is also a billionaire. Houston looks for new generation of top givers - Chron 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. 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). 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 . 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. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Peter Dawson is a digital reporter in Houston. 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. 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. 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. In 2018, according to the Forbes 400, Williams, along with two of her siblings. Randa Williams - Wikipedia City Employees Are Heading for the Exits. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. 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. In February this year we launched the Pacific INEOS Belstaff, then the worlds largest ethane carrier, and today alongside our highly anticipated Grenadier 4X4 we have added the second of the worlds largest VLECs to our growing fleet.. 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, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. The net worth of each heir exceeds $5 billion. The next summer, he began traveling to visit his father wherever he was working. My signaling was always, Lets complete the process of change first. Early this year, he said, the company retained Goldman Sachs to assist in a potential sale and identified multiple potential bidders who could be good stewards of the brand for the long term. 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. Randa Williams lives in Houston, TX; previous city include La Porte TX. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. 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. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. 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. 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. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Joe M. Bailey 1996 - present. One of those people was Williamsthough she had not been one of the early suitors. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . Three months later, the TB claimed his mother. It wasn't long before it was just the two of them. Profession. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Enemies are nowhere to be found. Mimi Swartz is a staff writer based in Houston. Robert is the wealthiest of the foursome. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. "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. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. (Dave Rossman/For the Chronicle). David Courtney, a.k.a. Her role is complex, but the novice actor handles everything thats asked of her extremely well. West Texans Are Learning What It Means to Live in Bear Country, H-E-Bs True Texas BBQ Restaurant Is Slipping, How Florence ButtNot Her SonLaunched the H-E-B Empire. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Their net worth: $247 billion. And how much money does she have, anyways? Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. 13. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. 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. Learn More about insider trades at Enterprise Products Partners. 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. Texas Billionaire Heiress Randa Duncan Williams Prefers To Stay Out Of 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. His nice guy look hides the type of person his character truly is. So, who is she? Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. (The Duncans come in at No. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. These 4 Houstonians cash in on Forbes' list of richest American That requires resources. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. He was dead in a week. 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. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. 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. When he was 3 1/2 , his mother came down with tuberculosis. The gift dwarfed any previous donation to the Texas Medical Center. Austin-based Texas Monthly sold to Houston billionaire following Heres what you need to know. June 25, 2019 35 Texas Monthly magazine has a new owner. book to class, Oops! Dan Duncan founded Enterprise Products Partners in 1968. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. 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. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. the Texanist, is a staff writer. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. 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. On this Wikipedia the language links are at the top of the page across from the article title. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. Why Does He Get to Make That Call? Barbara Allen is the director of college programming for Poynter. I . Randa enjoys the highest profile among the four Duncan siblings. He was right. Hunt, sit at No. For the second time in less than three years, Texas Monthly has a new owner. Stock photos, 360 images, vectors and videos Duncan can sneak up on you. They purchased a total of 65,350 shares worth more than $1,573,730.50. Theyre looking at it the way you look at something you love and that you want to build and that youre going to be patient with.. Linda Duncan - Wikipedia Theres a party going on deep in the heart of Texas. The experience and those of his loved ones made a lasting impression. [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. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". Fire Ants Have Unleashed Chaos in Texas for Decades. The amount paid for what is called the National Magazine of Texas wasn't disclosed. 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. Duncan family - Forbes A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Thanks to a routine annual physical required by banks "When you owe millions of dollars, they worry about your health," he said it was caught early and, after radical surgery with a nerve-sparing technique, he made a full recovery. By the time she discovers the truth about Toms life, it may be too late to go back. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. 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. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Donald Trumps real net worth? Reflects change since 5 pm ET of prior trading day. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. Enterprise was sailing along in the early 1980s with more than $350 million of assets (including those of the just-purchased Wanda), when interest rates doubled. Both individuals are. Copyright 2022. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. 2023 Celebrity Net Worth / All Rights Reserved. Order books are now open for Europe and other key launch markets. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. Born with a hearing defect in both ears, he speaks very softly, with a clipped Southern accent and difficulty pronouncing his r's and l's. We know that Randa's political affiliation is unknown . The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. Duncan's rise didn't come without struggles. . PDF Secretary of State - California And she intends to provide them., She wants to own it forever, added Brown. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. 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. 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. Williams is a well-known philanthropist who contributes to numerous Houston-based charities.
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