Both individuals are Houstonians. That's what makes me emotional.". It wasn't long before it was just the two of them. Peter Dawson is a digital reporter in Houston. Get the Poynter newsletter that's right for you. Their net worth: $247 billion. Site designed and developed by The MTM Agency. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. At 230 metres it is longer than two American football pitches combined (eight basketball courts). 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. Duncan was the first overall pick in the 1959 NFL Draft by the Green . "I was enthralled by their vivid descriptions. 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. It also is a story full of tragedy. A Texas history buff owning a magazine about Texas seems like a natural fit. The four siblings are tied for the second wealthiest people in Houston. Dan Duncan needs no reminder. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. She received . Since the Baylor gifts and the Forbes. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. What Genesis Park brought to us was the investment needed to begin to extend our brand beyond print to the platforms where audiences and revenue are growing, Goodgame said. 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 is marred to her husband, Charles A. Williams. 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. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. 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. . Both Goodgame and Brown expressed great hopes for the companys future under Williams. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. New Democratic Party. The current estimated net worth of Enterprise. "Major companies wanted to do business with companies with significant assets. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. Photo courtesy of Texas Monthly/Gittings Photography, These 4 Houstonians cash in on Forbes' list of richest American families, United Way 2014-15_Single Promoted Articles, MD Anderson Breast Cancer Promoted Article, Professional Skin Treatments by NuMe Express, CultureMap Houston Holiday Pop-up Shop 2017, Martha Turner Sotheby's International Realty, Discomfort of subject matter in Palm Trees and Power Lines serves to prove its strength. 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. book to class, Oops! Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Although they werent born into exorbitant wealth, Duncan Williams and her three siblings are tied as the second-wealthiest Houstonians with a net worth of more than $6 billion each, according to Forbes magazine. They have looked at the business through every lens. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. And how much money does she have, anyways? If you earn people's trust, you'll receive the first call when they want to make a deal.". The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. The Basses hold down the No. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Looking for a product? However, the publication last changed hands in 2016 for $25 million. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . He thought that such a new business niche could make him a profitable living. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. We know that Randa's political affiliation is unknown . As she recalls the scene, Duncan jokes, "Great line.". 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. But, for some, Williams might not be a household name. (The Duncans come in at No. 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. Political party. Randa Duncan Williams, a Houston billionaire and philanthropist. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 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. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . 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. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. He was dead in a week. 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. from the University of Houston. Enter your email address below to get our daily insider buying and selling report. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. The gas and oil company is still under family control. Its now official: This will be the last season of the brilliant series about a media mogul and his family. June 25, 2019 35 Texas Monthly magazine has a new owner. 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,. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. (Dave Rossman/For the Chronicle). Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. 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. 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. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Bring on the Shiplap. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. Fire Ants Have Unleashed Chaos in Texas for Decades. $2.5 billion, according to our most recent tally. Profession. For the second time in less than three years, Texas Monthly has a new owner. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. 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 joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. 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. 2023 Celebrity Net Worth / All Rights Reserved. INEOS is a Registered Trademark, the property of INEOS Capital Limited. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. 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. 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. 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. In the last year, Enterprise Products Partners insiders bought shares 6 times. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. 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. 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. By 1973, it was a $3 million company. | Peter.Dawson@chron.com | NEWS WHEN YOU NEED IT: Text CHRON to 77453 to receive breaking news alerts by text message | Sign up for breaking news alerts delivered to your email here. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. 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. 18 on the Forbes list with a net worth of $15.5 billion. Seaman Treasurer 1996 - present. 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. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. 2010 - present. The next summer, he began traveling to visit his father wherever he was working. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. 9. 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. Shes very well read, independent-minded and proud of her Texas heritage.. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. 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. Prior to that, she served as managing editor of Poynter.org. 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. "What's unique, besides your assets and staff, is your relationships. FC Barcelona head coach Xavi Hernandez and president Joan Laporta are not currently seeing eye to eye on the potential sale of misfit winger Raphinha this summer, according to reports. Randa Duncan Williams Vice President 1996 - present. A Right-wing Cabal Took Over Odessas Municipal Government. 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. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). 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. 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. "I certainly never expected him to become a billionaire.". She had strong opinions about things.. Randa is the only one of Dan Duncan's children still involved in the family business. Learn More on Randa Duncan Williams' contact information. Her role is complex, but the novice actor handles everything thats asked of her extremely well. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. Robert is the wealthiest of the foursome. Its rattlesnake season in Texas. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Hunt, sit at No. Are ticket costs pricing Houston Astros fans out of Opening Day? The impending takeover of HISD by the TEA dates back to 2019, when Wheatley High School triggered a state law by failing to meet accountability standards for seven consecutive years. We use cookies to make sure you get the most from our website. When she gives money, shes selective and wants to ensure it will be spent appropriately. ", 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. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. 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. Duncan's rise didn't come without struggles. With a law degree from the University of Houston, Williams practiced law for about 6 years beginning in 1988, handling toxic tort cases and property liability cases. Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Theres a party going on deep in the heart of Texas. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. The four Bass brothers Sid, Edward, Robert, and Lee each inherited $2.8 billion from their oil tycoon uncle Sid Richardson after his death in 1959. Duncan'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." The terms of the sale were not . 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. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. We report on vital issues from politics to education and are the indispensable authority on the Texas scene, covering everything from music to cultural events with insightful recommendations. [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. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. The EIN for the organization is 59-1630423. Williams is the only one of four. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. She was named executor of her fathers estate when he died. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. 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. 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). 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. The Director DefendantRanda Duncan Williams, O.S . This is a carousel. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. 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. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The Breakfast Klub sues prominent City Hall consultant for fraud, Texas wants to ban delta-8, but veterans are pushing back, Exclusive: Abbott explains push against diversity hiring programs, Lauren Daigle at Houston Rodeo: 'God always has your number', Galveston gets fourth Carnival Cruise Line, UH, Texas A&M removing DEI statements from hiring practices, Man dead, person arrested after suspected homicide in League City, 1960s River Oaks strip center to be replaced by luxe apartments, Houston is the most stressful city to work in, says new study, Houston battery recycling startup ACE partners with China's GGE, CERAWeek is growing with Houstons energy industry, Business calendar of upcoming events in the Houston area, New tech will help you and Siri, Google and Alexa work better. She joined the company in 1994 and took on the roles of president and CEO in 2001. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. [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 chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Paul Klotman, M.D. 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. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. Why Does He Get to Make That Call? Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. People in the industry say he has no ego. Support responsible news and fact-based information today! Learn More on Randa Duncan Williams' trading history. Forbes says the stock generates more than $700 million in annual dividend income for the family. Alice Walton isnt the only Texan whos a member of the Walton dynasty. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. Randa Duncan Williams has a net worth of $7.2 billion. She was made chairwoman in 2013. Order books are now open for Europe and other key launch markets. 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 net worth of Fort Worth billionaire Alice Walton, the only daughter of Walmart founder Sam Walton, accounts for a little over one-fourth of the family fortune. Both individuals are. 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). 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. 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. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Williams earned a Bachelor's Degree from Rice University. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. It made for tough times for Duncan, whose business philosophy was all about growing the company. Williams earned herJuris Doctorate from the University of Houston College of Law. 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. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . They just do it in many different ways today. The children Dannine Avara, Scott Duncan, Milane Frantz, and Randa Williams inherited a tax-free $10 billion share of their father's estate following his death in 2010, when the so . 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. Williams also made The Houston Chronicle's, Brett Coomer, Houston Chronicle / Staff photographer, Willie Nelson pays lovely tribute to another country legend, Rare photos show 2 ocelots crossing South Texas road, Mayor: HISD has two optionsclose school or be taken over. The Duncans estimate they throw 30 to 50 dinner parties a year there, many attended by a who's who of Houston's social and corporate elite. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. 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. 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. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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.