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In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. Learn More on Randa Duncan Williams' trading history. He was only half kidding. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. 2010 - present. Randa Duncan Williams and her husband live in Houston, of course. In the last year, Enterprise Products Partners insiders bought shares 6 times. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. 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. She previously served on the board of directors of Encore Bancshares. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. The gift dwarfed any previous donation to the Texas Medical Center. In person, the 73-year-old Duncan hardly fits the billionaire image. Copyright 2022. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. Texas Monthly should be in good hands under her stewardship, Stein said. Learn More on Randa Duncan Williams' trading history. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Randa Duncan Williams is a businessperson who has been at the helm of 5 different companies and presently occupies the position of Non-Executive Chairman for Enterprise Products Partners LP, Chairman for Enterprise Products Co., President of DLD Family Investments LLC and Chairman for EPCO Holdings, Inc. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. 9. Report Date Eligible Voters2 Registered Voters Percent . 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. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. She joined the company in 1994 and took on the roles of president and CEO in 2001. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. 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. 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. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". 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. I . Williams is the only one of four. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. 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. Robert is the wealthiest of the foursome. Joe M. Bailey 1996 - present. Business & Economy; 25 richest families in America . (The Duncans come in at No. Can College Sports Get More Absurd Than SMU Joining the Pac-12? But they don't attend many functions on Houston's social circuit. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. Looking for a product? His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. Their net worth: $247 billion. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. But it's easy to give. His nice guy look hides the type of person his character truly is. 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. Top party schools in every state. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. By 1973, it was a $3 million company. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. 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 . Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Theyre not looking at it that way. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. A graduate of the University of California at Los Angeles, he previously worked for the Raleigh News & Observer, the National Catholic Register, the Los Angeles Downtown News and the San Clemente Sun-Post. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. The Duncan Family is the 21st-wealthiest family in the world, with a. The experience and those of his loved ones made a lasting impression. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. He thought that such a new business niche could make him a profitable living. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. "I tell them no. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. But What Is It? Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). Two and a half years after the award-winning publication was sold to Genesis Park, the Houston-based private equity firm founded by Paul Hobby, it has been purchased by Texas Monthly, LLC, a newly formed affiliate of Enterprise Products Company (EPCO), a privately held firm also based in Houston. Print ad revenue has declined in the same period. 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. 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. 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. 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. He liberated airlines and trucking and enabled the 1980s-1990s boom. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. Written and directed by Jamie Deck, with help from co-writer Audrey Findlay, the film is profoundly difficult to watch, as viewers are witness to a slow-motion train wreck that they are powerless to stop. We use cookies to make sure you get the most from our website. 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. 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. 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. [4], In 2019, she purchased Texas Monthly'. A Right-wing Cabal Took Over Odessas Municipal Government. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. The next summer, he began traveling to visit his father wherever he was working. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Levy sold the. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. 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. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". 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. Site designed and developed by The MTM Agency. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. Peter Dawson is a digital reporter in Houston. "I was enthralled by their vivid descriptions. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. 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 . They purchased a total of 65,350 shares worth more than $1,573,730.50. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. 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. Investors are already flocking there for a chance at 1,000%+ returns. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. Barbara Allen is the director of college programming for Poynter. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. 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. "Major companies wanted to do business with companies with significant assets. She was made chairwoman in 2013. When she gives money, shes selective and wants to ensure it will be spent appropriately. 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. Williams earned herJuris Doctorate from the University of Houston College of Law. book to class, Oops! That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. Outside Spending Groups. On 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. The gas and oil company is still under family control. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. This is a carousel. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. 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. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. She's very well read, independent-minded and proud of her Texas heritage.". McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. The vehicle was present as a guest of honour on the quayside as the ceremony took place. Like her father, Randa stays out of the spotlight. City Employees Are Heading for the Exits. Information on this page was last updated on 12/27/2022. 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. 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!' 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. 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. And how much money does she have, anyways? But, for some, Williams might not be a household name. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. Williams was quoted in a release as saying, My family is delighted to provide the resources to support this iconic Texas institution which is nationally recognized for its editorial flair.. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Use Next and Previous buttons to navigate. 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. 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. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. Above you can find out the answers to those questions and more. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. The companys annual sales are around $28 billion. The history of film is full of both real and fictional cautionary tales, showing how quickly someone can go from leading a relatively normal life to having their world completely turned upside down. 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. It will also be available on VOD for home viewing. 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. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Lawyer, environmental consultant. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. Texas Monthly has a new owner. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Related by financial asset: Enterprise Products Partners L.P. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. Since the Baylor gifts and the Forbes. 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. Three months later, the TB claimed his mother. We know that Randa's political affiliation is unknown . 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. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. She also serves on the boards of trustees for numerous charitable organizations. Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, Click here for the name of the one ticker you need. Submit a correction suggestion and help us fix it! "The one who seemingly came out of nowhere.". 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. Duncan can sneak up on you. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. 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. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. Houston pitmaster goes viral after hilarious TV interview, 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. At 230 metres it is longer than two American football pitches combined (eight basketball courts). [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. Paul Klotman, M.D. 16 / 25. Learn More about insider trades at Enterprise Products Partners. I especially enjoy the longform storytelling that has helped earn the magazine fourteen National Magazine Awardsthe industrys equivalent of an Oscarover its 46-year history. 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. Enterprise is Mont Belvieus biggest player. 14. 2023 Forbes Media LLC. The terms of the sale were not . PATRICK . Prior to that, she served as managing editor of All Rights Reserved. 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. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. She was named executor of her fathers estate when he died. If I did it over, I'd never be this lucky again.". 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. 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. INEOS makes major $1.4 billion acquisition of US onshore oil and gas assets, INEOS Announces Closing of Offering of Senior Secured Notes Due 2028. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). According to its website, it has a, Dr. Patrick Soon-Shiong, the Los Angeles Times, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. A week later, he became ill with fever and chills. Within a year, Enterprise completed the first facility of its now-mammoth complex near the salt domes at Mont Belvieu, 25 miles east of Houston. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. | | 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. Donald Trumps real net worth? Duncan was part of an illustrious Houston philanthropic . Details of the transaction werent made public. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. "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. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. 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. Williams holds a bachelors degree from Rice University and a J.D. "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. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. Profession. She can help strengthen the magazine without needing it to be a money maker. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner She and her 3 siblings each hold an 8% stake in the family business. 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. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. 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.. 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). The Hunt family, whose members are descendants of oil wildcatter H.L. 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. The Basses hold down the No. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. Back home, Duncan was breezing through school. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan.