The family fortune has more than doubled . Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. 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). She's in the news recently as she just bought her home state's top magazine, Texas Monthly. 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. The diligence process has been exhaustive, and they believe in Texas Monthly., Terms of the deal, which is set to close on June 30, 2019, were not disclosed. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Seaman Treasurer 1996 - present. 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. The partnerships assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. "People sometimes ask me if I had to do it over again, would I do something different," said Duncan, reflecting on his career during a recent return flight from his ranch. The experience and those of his loved ones made a lasting impression. Top party schools in every state. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. Report Date Eligible Voters2 Registered Voters Percent . 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. 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. Enterprise is Mont Belvieus biggest player. 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. 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." Like her daddy, she prefers to keep a low profile. Williams is the only one of four. In 2018, according to the Forbes 400, Williams, along with two of her siblings. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. 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. Texas Monthly has a new owner. The net worth of each heir exceeds $5 billion. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. The vehicle was present as a guest of honour on the quayside as the ceremony took place. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. Houston looks for new generation of top givers - Chron Some brokers just had telephones.". Randa duncan williams hi-res stock photography and images - Alamy As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. The breakthrough started in the late '90s. "I certainly never expected him to become a billionaire.". 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. Dan Duncan founded Enterprise Products Partners in 1968. Randa is Duncan's eldest child, at 57. City Employees Are Heading for the Exits. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large oil storage facility on the Gulf Coast. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". Forbes recently listed Williams as the ninth wealthiest person in Texas. She previously served on the board of directors of Encore Bancshares. 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. 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. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". She can treat it more like a non-profit. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). Use Next and Previous buttons to navigate. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. 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. New Democratic Party. Enter your email address below to get our daily insider buying and selling report. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. 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 not been actively trading shares of Enterprise Products Partners during the last quarter. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. 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. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. In person, the 73-year-old Duncan hardly fits the billionaire image. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. Enterprise Products Partners has a market value of $63 billion. 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. Sold! Randa Duncan Williams buys Texas Monthly, the latest - Poynter 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. By 1973, it was a $3 million company. The ship also has the potential to carry other products such as LPG and ethylene. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. This is a carousel. 3rd party / other. Copyright 2022. I . 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. She had strong opinions about things.. He was dead in a week. He was a low profile billionaire in a profitable but unsexy business. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. book to class, Oops! the Texanist, is a staff writer. Enemies are nowhere to be found. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). 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. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. She was named executor of her fathers estate when he died. 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. | 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. Levy sold the. Ann Walton Kroenke, one of the two daughters of Bud Walton, lives on a 535,000-acre ranch about 50 miles northwest of Wichita Falls. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Randa Williams Duncan enjoys the highest profile among Houston's richest family. 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. The Basses hold down the No. "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. This is a carousel. Heres what you need to know. The Grenadier 4X4 combines British spirit and design with German engineering rigour. So, who is she? Albert & Margaret Alkek Foundation - Board and Staff How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. Where does she come from? 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. We use cookies to make sure you get the most from our website. 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. 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 . 18 on the Forbes list with a net worth of $15.5 billion. 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. Can College Sports Get More Absurd Than SMU Joining the Pac-12? Dannine Avara - Forbes 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 Crude Oil Pipelines & Services segment owns a crude oil pipeline system. 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. In January 2019, Hobby hired Dan Goodgame, a veteran magazine editor and correspondent (most notably at Time magazine) whod most recently worked as a communications executive at the San Antoniobased cloud computing company Rackspace, to be the new editor-in-chief. Randa Williams lives in Houston, TX; previous city include La Porte TX. They have looked under every rock. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. "Giving to the community is a way to make a difference. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. 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 and her 3 siblings each hold an 8% stake in the family business. 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. It also is a story full of tragedy. We are also proud ambassadors of the uncompromising Grenadier 4X4. 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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Print ad revenue has declined in the same period. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. Forbes says the stock generates more than $700 million in annual dividend income for the family. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Back home, Duncan was breezing through school. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. That requires resources. "I remember sitting around the campfire my first venture outside of Texas, listening to other hunters discussing their experiences in Alaska, Canada and Africa," Duncan writes in one of the short pieces he's penned on the joys of hunting. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . New billionaire owner of Texas Monthly prefers background 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. Related by financial asset: Enterprise Products Partners L.P. The gift dwarfed any previous donation to the Texas Medical Center. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. Theres An App for That. (Dave Rossman/For the Chronicle). INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. Randa Williams - Wikipedia Investors are already flocking there for a chance at 1,000%+ returns. 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 . ("Dub") Andras, Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. Randa Duncan Williams - Political - LittleSis Duncan family - Forbes . They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. 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. 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. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. Sec Form 4 Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. The Duncan Family is the 21st-wealthiest family in the world, with a. After Wanda was sold in 1968, Duncan decided to go out on his own. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Her role is complex, but the novice actor handles everything thats asked of her extremely well. [8], She lives in Houston with her husband, and they have one child.[7]. Did Enterprise dispute the amount? Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. Randa Duncan Williams and her husband live in Houston, of course. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. And she intends to provide them., She wants to own it forever, added Brown. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Are insane ticket costs pricing Astros fans out of Opening Day? Each has an estimated net worth of $6.2 billion. 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. 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. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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. 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.
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