It wasn't long before it was just the two of them. She received . 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. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. City Employees Are Heading for the Exits. 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. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. Scott B. 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. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. After Wanda was sold in 1968, Duncan decided to go out on his own. 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. 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. At No. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. Learn More on Enterprise Products Partners' active insiders. Texas Monthly has a new owner. Williams is the only sibling involved in running the family business. 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. Through its proactive approach and long-term cooperation with both upstream and downstream customers worldwide, the company has developed into a global leading facilitator and arranger by establishment of its oceangoing shipping platform, providing diversified shipping service for Methane (LNG), Ethane, Propane and Butane (LPG), and various petrochemical gas products including Ethylene, Propylene, Butadiene etc. 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. Barbara Allen is the director of college programming for Poynter. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. Members of St. Theresa Catholic Church in Memorial Park, the couple say they're shy, more comfortable working behind the scenes than in the limelight. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. from the University of Houston. A Texas history buff owning a magazine about Texas seems like a natural fit. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. The breakthrough started in the late '90s. "What's unique, besides your assets and staff, is your relationships. We are also proud ambassadors of the uncompromising Grenadier 4X4. 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. Duncan was part of an illustrious Houston philanthropic . 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. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". 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. Randa Duncan Williams. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. I . Randa Williams lives in Houston, TX; previous city include La Porte TX. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. 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. Hunt, sit at No. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. 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 . Joe M. Bailey 1996 - present. 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. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . Details of the transaction werent made public. She was elected as a board director in 2010 and as chairman in 2013. 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. 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. "I certainly never expected him to become a billionaire.". It also is a story full of tragedy. Duncan started Enterprise Products in 1968 with $10,000 and a truck; now it owns over 50,000 miles of natural gas, oil and petrochemical pipelines. 1 most stressful city for U.S. workers, To get these special tacos, drive out to the Houston Ship Channel, Principal fired for reading 'I Need a New Butt!' The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Avara's sister Randa Duncan Williams is the only . Williamss purchase of Texas Monthly comes at a time of great change in the media industry. 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. 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. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. 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. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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. 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. Levy sold the. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. 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. They have one child. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. 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. Medicine and education are Duncan's pet causes. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Get the Poynter newsletter that's right for you. 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. Related by financial asset: Enterprise Products Partners L.P. Randa Duncan Williams Vice President 1996 - present. All Rights Reserved. More than 100 of the trophies at the Double D were bagged by Duncan's wife, Jan, a city girl and relative novice at the sport until the two married in 1989. 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. Both individuals are Houstonians. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Randa Duncan Williams, a Houston billionaire and philanthropist. 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. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. 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. Its rattlesnake season in Texas. Ballotpedia uses one or more of the following sources to identify each officeholder's partisan affiliation: (1) direct communication from the officeholder, (2) current or previous candidacy for partisan office, or (3) identification of partisan . 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). Williams is the only one of four. Almost by definition, Enterprise seemed destined to stay under the radar. 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. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 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. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. "I was enthralled by their vivid descriptions. "Major companies wanted to do business with companies with significant assets. 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). Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. ("Dub") Andras, David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Williams holds a bachelors degree from Rice University and a J.D. Slowly but surely she falls for him, even though part of her knows the situation feels off. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. 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. You can view The Poynter Institutes most-recent public financial disclosure form 990, Poynter ACES Introductory Certificate in Editing, The new Succession trailer, along with media news and must-read links for your weekend, Is there really a shoplifting epidemic?, Assistant Professor of Business (Accounting) - McMinnville, OR (97128), Editor & Lead Reporter - Newton, MA (02460), Executive Editor - Meriden (CT) Record Journal - Meriden, CT (06450), Associate News Editor - Seattle, WA (98109), Research Policy Reporter, C&EN - Washington, DC (20036), WUNC Podcast Producer & Host - Durham, NC (27701), Senior Copy and Content Editor - 23098 - Washington, DC (20037), Editor-in-Chief of Assembly - Washington, DC (20001), Communications Specialist - Richmond, VA (23294). Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. A Right-wing Cabal Took Over Odessas Municipal Government. "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. Outside Spending Groups. 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. 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. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Shes highly engaged and not a passive donor, he said, not just throwing money at a cause without knowing the specifics of how it will be allocated. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. 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.. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. >>> Scroll through to see which other Houstonians made the list. 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. 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. Top party schools in every state. Donald Trumps real net worth? Like her father, Randa stays out of the spotlight. 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. book to class, Oops! 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. 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. Duncan was the first overall pick in the 1959 NFL Draft by the Green . And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Enemies are nowhere to be found. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Are insane ticket costs pricing Astros fans out of Opening Day? WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. Her father, Dan Duncan, was the co-founder of Enterprise Products. He later became one of the largest pipeline operators in the United States. But it's easy to give. Learn More on Randa Duncan Williams' contact information. Breadcrumb. Randa is Duncan's eldest child, at 57. On this Wikipedia the language links are at the top of the page across from the article title. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Enter your email address below to get our daily insider buying and selling report. 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.
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