13. 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. I remember Randa as being very engaged and politically active, Stein said. When he was 3 1/2 , his mother came down with tuberculosis. The net worth of each heir exceeds $5 billion. Print ad revenue has declined in the same period. The Natural Gas Pipelines & Services segment stores and transports natural gas. And how much money does she have, anyways? 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. Submit a correction suggestion and help us fix it! Learn More on Enterprise Products Partners' active insiders. 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. 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. The family fortune has more than doubled . Use our Product finder instead. [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. Forbes says the stock generates more than $700 million in annual dividend income for the family. Stock photos, 360 images, vectors and videos Ms. Williams is the Chairman of Enterprise Products Holdings LLC. His nice guy look hides the type of person his character truly is. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. The current estimated net worth of Enterprise. She and her 3 siblings each hold an 8% stake in the family business. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. But it's easy to give. Prior to that, she served as managing editor of Poynter.org. Learn More on Randa Duncan Williams' trading history. On the road frequently in the early years, he still puts in 70- to 100-hour weeks when putting together a deal and admits his life's only regret is not spending more time with his four children. Profession. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Williams earned a Bachelor's Degree from Rice University. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. All rights reserved. Above you can find out the answers to those questions and more. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. The Grenadier 4X4 combines British spirit and design with German engineering rigour. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. The ship also has the potential to carry other products such as LPG and ethylene. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". 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 . He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. A week later, he became ill with fever and chills. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. In person, the 73-year-old Duncan hardly fits the billionaire image. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. He was dead in a week. It's receiving that's harder. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. Where does she come from? Their net worth: $247 billion. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Bring on the Shiplap. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. 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. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. Each has an estimated net worth of $6.2 billion. As she recalls the scene, Duncan jokes, "Great line.". The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. 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. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? 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. INEOS is a Registered Trademark, the property of INEOS Capital Limited. She had strong opinions about things.. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. On HoustonChronicle.com:Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, "I have been an avid Texas Monthly reader since I was a teenager," Williams, who will control the magazine through Enterprise Partners Co., said in a statement. book to class, Oops! "The one who seemingly came out of nowhere.". 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.. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. The vehicle was present as a guest of honour on the quayside as the ceremony took place. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. After Wanda was sold in 1968, Duncan decided to go out on his own. The Duncan Family is the 21st-wealthiest family in the world, with a. They have looked at the business through every lens. >>> Scroll through to see which other Houstonians made the list. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. So, who is she? Randa Duncan Williams and her husband live in Houston, of course. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. 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. On this Wikipedia the language links are at the top of the page across from the article title. 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. 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. Use Next and Previous buttons to navigate. 30 spot with a net worth of $10.8 billion. She can help strengthen the magazine without needing it to be a money maker. 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. Randa Duncan Williams - Director, Enterprise Products Partners Lp. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . 3rd party / other. Forbes also ranks her as tied for the 290th richest person in the world. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Her father, Dan Duncan, was the co-founder of Enterprise Products. Fleeing for Your Life? Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. 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.. Texas Monthly has a new owner. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. from the University of Houston. What Randa wants to bring is an acceleration of those investmentsto make the print magazine better than ever and extend that same level of excellence in storytelling across other platforms. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Outside Spending Groups. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Palm Trees and Power Lines opens on March 3 in select theaters. 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. Shes very well read, independent-minded and proud of her Texas heritage.. "I tell them no. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. 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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). About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. She joined the company in 1994 and took on the roles of president and CEO in 2001. 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. 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. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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. Did Enterprise dispute the amount? FC Barcelona president Joan Laporta and Real Madrid counterpart Florentino Perez took advantage of their teams' Copa del Rey semi-final first leg meeting on Thursday to meet and discuss a strategy for the launch the European Super League (ESL), according to reports. Almost by definition, Enterprise seemed destined to stay under the radar. Genesis Park, a private equity company led by Houstonian Paul Hobby, bought Texas Monthly for $25 million in 2016, presumably to groom the magazine and sell it. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. By 1973, it was a $3 million company. David Courtney, a.k.a. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. Truth be told, there's little left for Duncan to pursue. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. 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. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. 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. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. He later became one of the largest pipeline operators in the United States. 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. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. It made for tough times for Duncan, whose business philosophy was all about growing the company. The breakthrough started in the late '90s. 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. Get the Poynter newsletter that's right for you. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. At No. 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. The handoff of ownership becomes official June 30. Three months later, the TB claimed his mother. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . 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 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. ("Dub") Andras, 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. 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 . Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). 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." One example is Houstons Duncan family, with a net worth of $22 billion, who once again appear on the annual Forbes ranking of America's richest families. time of the 2009 Sale, by Duncan and members of his family. Some brokers just had telephones.". In a business environment where journalists at many publications have become accustomed to hearing that theyll have to produce more content across more platforms with fewer resources, its great news, Goodgame said, that Williams aims to build on the work of Genesis Park and boost long-term investments in Texas Monthlys editorial staff, subscription marketing, and other key areas. Randa enjoys the highest profile among the four Duncan siblings. 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. 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. We use cookies to make sure you get the most from our website. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". 9. (Dave Rossman/For the Chronicle). Enterprise is Mont Belvieus biggest player. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. 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. Details of the transaction werent made public. Robert is the wealthiest of the foursome. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. Related by financial asset: Enterprise Products Partners L.P. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. 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.. Business & Economy; 25 richest families in America . Chart Data in Insider Trading History Table. And she intends to provide them., She wants to own it forever, added Brown. One of those people was Williamsthough she had not been one of the early suitors. Insiders at Enterprise Products Partners own 32.6% of the company. He thought that such a new business niche could make him a profitable living. Additionally, she sits on the board of the University of Texas Health Science Center. 18 on the Forbes list with a net worth of $15.5 billion. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. She loves Texas Monthly as much as anybody ever did. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. In 1995, Duncan waged his own battle with prostate cancer. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. 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. The four siblings are tied for the second wealthiest people in Houston. 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. 16 / 25. Handout / Texas Monthly Show More Show Less 2 of 11. Seaman Treasurer 1996 - present. People in the industry say he has no ego. Likewise, Tom aside from the inherently creepy idea of a 34-year-old man pursuing a 17-year-old girl doesnt come across as a monster. 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. FC Barcelona head coach Xavi Hernandez has spoken more on his team's 'sensational' defensive performance against Real Madrid in the Copa del Rey semi-final first leg ahead of his team's clash with Valencia in La Liga on Sunday. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. "I was enthralled by their vivid descriptions. 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. The gas and oil company is still under family control. The gift dwarfed any previous donation to the Texas Medical Center. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. This is a carousel. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 11 on the Forbeslist.). 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. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. She was named executor of her fathers estate when he died. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. The companys annual sales are around $28 billion. 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. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. 14. 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. 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 . 2023 Forbes Media LLC. We know that Randa's political affiliation is unknown . The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon Randa Williams Duncan enjoys the highest profile among Houston's richest family. Copyright 2022. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. Peter Dawson is a digital reporter in Houston. "What's unique, besides your assets and staff, is your relationships. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. She inherited $3.1 billion upon the death of her father. Since then, he has hunted with the Eskimos of the North in Canada, the Pygmies of the Central African Republic, the Bushman people of Botswana and the nomads of Northern Africa. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. 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. PATRICK . The amount paid for what is called the National Magazine of Texas wasn't disclosed. They have looked under every rock. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS.
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