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Bring on the Shiplap. Randa enjoys the highest profile among the four Duncan siblings. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Back home, Duncan was breezing through school. 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. Truth be told, there's little left for Duncan to pursue. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. On this Wikipedia the language links are at the top of the page across from the article title. (The Duncans come in at No. In 2018, according to the Forbes 400, Williams, along with two of her siblings. Forrest Wilder writes about politics and the outdoors. 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 company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 2023 Celebrity Net Worth / All Rights Reserved. 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. Randa Williams Duncan enjoys the highest profile among Houston's richest family. 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. Since the Baylor gifts and the Forbes. 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. [5][6], Williams is a member of the board of trustees for the Houston Zoo, was a member of the board of trustees for the Houston Museum of Natural Science since 1995 and its chairman. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. And she intends to provide them., She wants to own it forever, added Brown. Williams holds a bachelors degree from Rice University and a J.D. Almost by definition, Enterprise seemed destined to stay under the radar. 2023 Forbes Media LLC. She can treat it more like a non-profit. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. People consume storytelling more than they ever have, Goodgame said. 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. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. Seaman Treasurer 1996 - present. (Dave Rossman/For the Chronicle). She was named executor of her fathers estate when he died. His nice guy look hides the type of person his character truly is. Insiders at Enterprise Products Partners own 32.6% of the company. Enterprise Products Partners has a market value of $63 billion. "What's unique, besides your assets and staff, is your relationships. 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. 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. Print ad revenue has declined in the same period. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. Whats Up With All the Kangaroos on the Loose in Texas? Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. If youve been thirsty for a legitimately huge UFC pay-per-view event, one that bridges the gap between casual mixed martial arts fans and the hardcore, there is one on the doc for Saturday night at the T-Mobile Arena in Las Vegas. 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. He thought that such a new business niche could make him a profitable living. Randa enjoys the highest profile among the four Duncan siblings. 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. Paul Klotman, M.D. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Randa Williams lives in Houston, TX; previous city include La Porte TX. David Courtney, a.k.a. "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. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. Chart Data in Insider Trading History Table. PACs. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. This is the way she wants to contribute to Texas, Stein said, by keeping an iconic publication going., New billionaire owner of Texas Monthly prefers background, Timeline: How battle between Houston ISD, TEA has reached the point of a looming takeover. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. I remember Randa as being very engaged and politically active, Stein said. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon 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. 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. The vehicle was present as a guest of honour on the quayside as the ceremony took place. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. Please visitwww.enterpriseproducts.comfor more information. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. Some brokers just had telephones.". He was only half kidding. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. The Basses hold down the No. June 25, 2019 35 Texas Monthly magazine has a new owner. Profession. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Breadcrumb. Outside Spending Groups. Lawyer, environmental consultant. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. 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. 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. If you earn people's trust, you'll receive the first call when they want to make a deal.". Details of the transaction werent made public. Theres An App for That. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. 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. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. 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. Enterprise makes money from oil and gas pipelines, exports, and storage terminals, but the bulk of its growth comes through the transportation and processing of natural gas liquids unlocked by the shale drilling revolution. They have looked at the business through every lens. But What Is It? 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. They purchased a total of 65,350 shares worth more than $1,573,730.50. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. But, for some, Williams might not be a household name. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Its now official: This will be the last season of the brilliant series about a media mogul and his family. 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. She previously served on the board of directors of Encore Bancshares. . The Hunt family, whose members are descendants of oil wildcatter H.L. New Democratic Party. 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. 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. 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 . 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. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. Randa is the only one of Dan Duncan's children still involved in the family business. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. INEOS is a Registered Trademark, the property of INEOS Capital Limited. The companys annual sales are around $28 billion. 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. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. The terms of the sale were not . Williamss purchase of Texas Monthly comes at a time of great change in the media industry. The Natural Gas Pipelines & Services segment stores and transports natural gas. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. But it's easy to give. City Employees Are Heading for the Exits. Avara's sister Randa Duncan Williams is the only . 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. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. This is a carousel. Both individuals are Houstonians. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. That mindset has continued as a philanthropist, he said. Learn More on Randa Duncan Williams' contact information. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. Handout / Texas Monthly Show More Show Less 2 of 11. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. A Texas history buff owning a magazine about Texas seems like a natural fit. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Order books are now open for Europe and other key launch markets. Levy sold the. She joined Enterprise in 1994 as vice president. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Learn More about insider trades at Enterprise Products Partners. 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). Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. 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. But they don't attend many functions on Houston's social circuit. 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. Looking for a product? This is a carousel. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. the Texanist, is a staff writer. 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. 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 . 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. Barbara Allen is the director of college programming for Poynter. Enemies are nowhere to be found. In 1995, Duncan waged his own battle with prostate cancer. 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. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. 14. 1 of 11. "I was enthralled by their vivid descriptions. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. Did Enterprise dispute the amount? 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. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. book to class, Oops! Williams also made The Houston Chronicle's, Brett Coomer, Houston Chronicle / Staff photographer, 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. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Randa Duncan Williams and her husband live in Houston, of course. The Campaign to Sabotage Texass Public Schools. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". 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. And You Thought Feral Hogs Were Bad. The situation in which Lea finds herself is not one that is often confronted in movies, and by wallowing in the misery of it, its as if Deck is refusing to let viewers off the hook by letting them look away. 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. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. 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). Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". Support responsible news and fact-based information today! Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. 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. 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. Political party. "Giving to the community is a way to make a difference. 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. 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. Based on Enterprise's proxy statement for the deal, the reporter calculated that "this fellow Dan Duncan" had a net worth of more than $4 billion, good for 40th in the magazine's annual ranking of wealthiest Americans. "I certainly never expected him to become a billionaire.". The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. 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. 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. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. 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. 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. Duncan's rise didn't come without struggles. By the time she discovers the truth about Toms life, it may be too late to go back. 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. Like her daddy, she prefers to keep a low profile. She loves Texas Monthly as much as anybody ever did. "I tell them no. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. 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. The breakthrough started in the late '90s. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Stock photos, 360 images, vectors and videos Fleeing for Your Life? 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. $2.5 billion, according to our most recent tally. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. She joined the company in 1994 and took on the roles of president and CEO in 2001. 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. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. The current estimated net worth of Enterprise. Randa Duncan was born to Barbara Ann and Dan Duncan. 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. At 230 metres it is longer than two American football pitches combined (eight basketball courts). 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. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. She was made chairwoman in 2013. Forbes says the stock generates more than $700 million in annual dividend income for the family. She was elected as a board director in 2010 and as chairman in 2013. The family fortune has more than doubled . 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. 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. 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. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 30 spot with a net worth of $10.8 billion. Are insane ticket costs pricing Astros fans out of Opening Day? Williams is the only one of four. 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. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). 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, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. 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. ./Wednesday, Feb. 18, 2009, in Houston. 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 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. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. 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. The EIN for the organization is 59-1630423. 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.