Randa Duncan Williams and her husband live in Houston, of course. PACs. Fire Ants Have Unleashed Chaos in Texas for Decades. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. By 1973, it was a $3 million company. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. She is the Chairwoman of Enterprise's board of directors. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. "I was enthralled by their vivid descriptions. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. Williams earned herJuris Doctorate from the University of Houston College of Law. 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. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. Site designed and developed by The MTM Agency. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. "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. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). 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. Theres a party going on deep in the heart of Texas. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. book to class, Oops! A week later, he became ill with fever and chills. 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 breakthrough started in the late '90s. 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. Truth be told, there's little left for Duncan to pursue. Texas Monthly has a new owner. That's what makes me emotional.". Submit a correction suggestion and help us fix it! Duncan family - Forbes Handout / Texas Monthly Show More Show Less 2 of 11. The Natural Gas Pipelines & Services segment stores and transports natural gas. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. Williams is the only one of four. It wasn't long before it was just the two of them. 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. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. Randa Duncan Williams - Bloomberg 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. 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. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Barbara Allen is the director of college programming for Poynter. Hints and clues to help you with today's Wordle. She can help strengthen the magazine without needing it to be a money maker. Forbes recently listed Williams as the ninth wealthiest person in Texas. Peter Dawson is a digital reporter in Houston. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. Details of the transaction werent made public. Where does she come from? She previously served on the board of directors of Encore Bancshares. 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. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. A Texas history buff owning a magazine about Texas seems like a natural fit. 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.. According to its website, it has a paid circulation of 300,000 and is read monthly by 2.1 million people, or one out of 10 Texas adults. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Randa is Duncan's eldest child, at 57. She received . Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. 4 Houstonians cash in on Forbes' list of richest American families On HoustonChronicle.com: Houston billionaire buys Texas Monthly. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Her role is complex, but the novice actor handles everything thats asked of her extremely well. 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). Because she regularly had to check in to a sanatorium and his father was on the road, Duncan and his brother moved in with their grandmother, a nearly blind woman who instructed them in life's lessons the Golden Rule, the value of a day's work. She's very well read, independent-minded and proud of her Texas heritage.". We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. Each has an estimated net worth of $6.2 billion. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. He thought that such a new business niche could make him a profitable living. Randa Duncan Williams. Randa enjoys the highest profile among the four Duncan siblings. Use Next and Previous buttons to navigate. | 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. We are also proud ambassadors of the uncompromising Grenadier 4X4. Enterprise Products Partners has a market value of $63 billion. 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. 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. 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. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. 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. Like her father, Randa stays out of the spotlight. 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 . A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Texas Billionaire Heiress Randa Duncan Williams Prefers To Stay Out Of 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 next summer, he began traveling to visit his father wherever he was working. Why Does He Get to Make That Call? EPCO, Texas Monthlys new parent company, also owns various commercial real estate and ranching ventures, as well as a substantial stake in Enterprise Products Partners. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. In the last year, Enterprise Products Partners insiders bought shares 6 times. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. After Wanda was sold in 1968, Duncan decided to go out on his own. 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. 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. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. 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. Learn More on Randa Duncan Williams' trading history. 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. That mindset has continued as a philanthropist, he said. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. 11 on the Forbeslist.). Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. 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. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Astros GM Dana Brown has more praise team's top prospect, This is what Houston looks like from space, MLB legend makes surprise appearance at Astros' Spring Training, Meet the Astros prospect tearing up Spring Training, Report: Houston ranked No. Enterprise Products Partners' insider roster includes Graham Bacon (COO), Carin Barth (Director), Richard Boss (EVP of Accounting), W. Fowler (Co-CEO), John Rutherford (Director), AJ Teague (CEO), and Randa Williams (Director). She was elected as a board director in 2010 and as chairman in 2013. "When you have as much happen to you as has happened to me in my lifetime, it has to have an effect," said Duncan, a Baylor College of Medicine board member since 2003. Randa Williams is marred to her husband, Charles A. Williams. Scott B. She spent two decades in, 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. Houston pipeline heirs strike it rich as wealthiest family in Texas Joe M. Bailey 1996 - present. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. I . Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. 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. 1 of 11. The companys annual sales are around $28 billion. She is committed to a long-term investment, and that is a great opportunity for us to adopt a set of long-range business drivers.. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. (Dave Rossman/For the Chronicle). Ms. Williams is the Chairman of Enterprise Products Holdings LLC. Some brokers just had telephones.". We use cookies to make sure you get the most from our website. 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. However, the publication last changed hands in 2016 for $25 million. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Acknowledging the sudden attention, he said he can't give to all the worthy causes, but does expect to continue giving big donations in the future. 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. Duncan had four adult children, each of whom is also a billionaire. The handoff of ownership becomes official June 30. Stock photos, 360 images, vectors and videos Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. If I did it over, I'd never be this lucky again.". Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. Both Goodgame and Brown expressed great hopes for the companys future under Williams. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. 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. She joined the company in 1994 and took on the roles of president and CEO in 2001. Forbes says the stock generates more than $700 million in annual dividend income for the family. Learn More on Randa Duncan Williams' trading history. ("Dub") Andras, She's in the news recently as she just bought her home state's top magazine, Texas Monthly. She also serves on the governance and capital projects committees. Outside Spending Groups. 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. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. 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. The Campaign to Sabotage Texass Public Schools. 10 things to know about Randa Duncan Williams, the Houston - Chron A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . 30 spot with a net worth of $10.8 billion. 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. Randa Williams lives in Houston, TX; previous city include La Porte TX. Her father Dan Duncan became the first American billionaire to pass his fortune tax-free to his descendants due to a temporary repeal of the estate tax law in 2010. Did Enterprise dispute the amount? The four siblings are tied for the second wealthiest people in Houston. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. 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. PDF REGISTRATION BY POLITICAL PARTY - California She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. It provides world class off-road capability and durability to those who depend on a vehicle as a working tool, wherever they are in the world. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. About Us - The Houston Zoo The vehicle was present as a guest of honour on the quayside as the ceremony took place. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. 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. 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. Austin-based Texas Monthly sold to Houston billionaire following Mimi Swartz is a staff writer based in Houston. 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. 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. 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. This is a carousel. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. 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. 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). Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. 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. 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. 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. time of the 2009 Sale, by Duncan and members of his family. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. 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 . Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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. 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. 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. All rights reserved. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. 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." Copyright 2022. Use our Product finder instead. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. 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. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. When she gives money, shes selective and wants to ensure it will be spent appropriately. Randa Duncan was born to Barbara Ann and Dan Duncan. I remember Randa as being very engaged and politically active, Stein said. By the time she discovers the truth about Toms life, it may be too late to go back. Randa enjoys the highest profile among the four Duncan siblings. $2.5 billion, according to our most recent tally. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. The Hunt family, whose members are descendants of oil wildcatter H.L. People in the industry say he has no ego. On his first date with Jan, six months after Billie's death, Duncan spoke of how he loved to be married, how he would still be married if his wife hadn't died. The 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. Her father, Dan Duncan, was the co-founder of Enterprise Products. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. She also serves on the boards of trustees for numerous charitable organizations. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. Additionally, she sits on the board of the University of Texas Health Science Center. Profession. 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. Looking for a product? Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. But it's easy to give. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. But, for some, Williams might not be a household name. In his later years, his drive to succeed turned to the philanthropic world. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. 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. She had strong opinions about things.. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Charles Butt is chairman and CEO of the H-E-B grocery chain, based in San Antonio and parent company of Dallas-based Central Market. 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.
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