The net worth of each heir exceeds $5 billion. "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. 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. Here are the 15 richest people in Texas, according to Forbes If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. As new forms of digital media have changed consumer habits and upended the advertising industry, many traditionally print-based publishing businesses have shut their doors, downsized, or consolidated. Its rattlesnake season in Texas. 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.. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. What Genesis Park brought to us was the investment needed to begin to extend our brand beyond print to the platforms where audiences and revenue are growing, Goodgame said. She was named executor of her fathers estate when he died. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Theres An App for That. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. I remember Randa as being very engaged and politically active, Stein said. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. book to class, Oops! Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. In the Supreme Court of The State of Delaware Enterprise Products C.a Party affiliation of the mayors of the 100 largest cities 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. 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!' It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Peter Dawson is a digital reporter in Houston. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. 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. 10 things to know about Randa Duncan Williams, the Houston - Chron David Courtney, a.k.a. 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. She is one of four children of the late oil billionaire and philanthropist Dan Duncan, who founded Houston-based Enterprise Products Partners, a publicly traded midstream energy company. Randa Duncan Williams - Bloomberg Paul Klotman, M.D. This is a carousel. Additionally, she sits on the board of the University of Texas Health Science Center. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. Lea seems disconnected from everyone and everything else around her, so when she meets Tom (Jonathan Tucker), a man twice her age, he offers a respite from the monotony/drudgery of her daily life. [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. 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. Profession. 25 Richest Families in America | Stacker She and her 3 siblings each hold an 8% stake in the family business. Randa is the only one of Dan Duncan's children still involved in the family business. And she intends to provide them., She wants to own it forever, added Brown. 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. Randa Williams Duncan enjoys the highest profile among Houston's richest family. 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. Enemies are nowhere to be found. 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. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. In person, the 73-year-old Duncan hardly fits the billionaire image. 2023 Forbes Media LLC. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. Order books are now open for Europe and other key launch markets. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . Texas Monthly should be in good hands under her stewardship, Stein said. Use Next and Previous buttons to navigate. He liberated airlines and trucking and enabled the 1980s-1990s boom. ./Wednesday, Feb. 18, 2009, in Houston. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. 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. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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. He was right. It's receiving that's harder. The partnerships assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. 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). 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. An East Texas country boy who resembles John Glenn without the crinkles, he's nothing like the brash, rough-hewn Texas oil baron of old. 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. She can treat it more like a non-profit. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. Details of the transaction werent made public. That's what makes me emotional.". In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 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. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. About Us - The Houston Zoo Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. The next summer, he began traveling to visit his father wherever he was working. 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. I . She joined the company in 1994 and took on the roles of president and CEO in 2001. On this Wikipedia the language links are at the top of the page across from the article title. They have looked at the business through every lens. The family fortune has more than doubled . TikTok Is Banking On Project Texas to Avoid a U.S. Ban. 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. Are insane ticket costs pricing Astros fans out of Opening Day? Sec Form 4 People consume storytelling more than they ever have, Goodgame said. Above you can find out the answers to those questions and more. Enterprise is Mont Belvieus biggest player. Related by financial asset: Enterprise Products Partners L.P. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. They just do it in many different ways today. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. But What Is It? Enter your email address below to get our daily insider buying and selling report. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. ("Dub") Andras, Williams is the only one of four. Are ticket costs pricing Houston Astros fans out of Opening Day? Learn More on Enterprise Products Partners' active insiders. The Duncan Family is the 21st-wealthiest family in the world, with a. Russias War On Ukraine: Daily News And Information From Ukraine, Todays Wordle #623 Hint, Clues And Answer For Saturday, March 4th, WWE SmackDown Results: Winners And Grades As Rhodes And Reigns Finally Face Off, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Texas Monthly has a new owner. 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. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 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. 9. Top party schools in every state. In the last year, Enterprise Products Partners insiders bought shares 6 times. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. Randa Duncan was born to Barbara Ann and 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 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. "What's unique, besides your assets and staff, is your relationships. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. For the second time since 2016, Texas Monthly magazine is getting a new owner. Randa Duncan Williams has a net worth of $7.2 billion. Grenadiers meet at the Pacific INEOS Grenadier naming ceremony. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. Randy Duncan - Wikipedia She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Stock photos, 360 images, vectors and videos Heres what you need to know. Get the Poynter newsletter that's right for you. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Lawyer, environmental consultant. PDF REGISTRATION BY POLITICAL PARTY - California Ann Walton Kroenke, one of the two daughters of Bud Walton, lives on a 535,000-acre ranch about 50 miles northwest of Wichita Falls. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. 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. 13. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . Dan Duncan needs no reminder. Breadcrumb. Chart Data in Insider Trading History Table. Can College Sports Get More Absurd Than SMU Joining the Pac-12? 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. And how much money does she have, anyways? 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. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". The amount paid for what is called the National Magazine of Texas wasn't disclosed. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. 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. Copyright 2022. 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. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. Are insane ticket costs pricing Astros fans out of Opening Day? He's taken more than 360 different species, including the Grand Slam of Sheep (the Dall, Stone, Desert and Rocky Mountain Bighorn) and the Big Five of Africa (elephant, rhinoceros, Cape buffalo, leopard and lion, considered the continent's most dangerous animals), both rare achievements. Sec Form 4 And You Thought Feral Hogs Were Bad. 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. He was dead in a week. Each has an estimated net worth of $6.2 billion. Enterprise Products Partners LP Stock Ownership - WallStreetZen Since the Baylor gifts and the Forbes. Randa Duncan Williams - Forbes But they don't attend many functions on Houston's social circuit. New billionaire owner of Texas Monthly prefers background 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. Investors are already flocking there for a chance at 1,000%+ returns. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. "Giving to the community is a way to make a difference. Donald Trumps real net worth? "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. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. Leave them blank to get signed up. the Texanist, is a staff writer. Randa enjoys the highest profile among the four Duncan siblings. That mindset has continued as a philanthropist, he said. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. Theyre not looking at it that way. The handoff of ownership becomes official June 30. Fleeing for Your Life? Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. 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 . Randa Williams - Wikipedia Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. He later became one of the largest pipeline operators in the United States. Why Does He Get to Make That Call? INEOS is a Registered Trademark, the property of INEOS Capital Limited. Austin-based Texas Monthly sold to Houston billionaire following Both individuals are. Linda Duncan - Wikipedia He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. Randa and her siblings are among the first American billionaires to pay no estate tax on their inheritance due to a temporary repeal in the estate tax law in 2010, the year Dan Duncan died. They have one child. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. 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. Houston's richest man raises his profile - Chron But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. 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). Fire Ants Have Unleashed Chaos in Texas for Decades. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. Hailed by some for the vision to focus on natural gas decades before it overtook oil as a hot commodity, by others for the perseverance to survive the industry's ups and downs, Duncan instead attributes much of his success to chance. Joe M. Bailey 1996 - present. book to class, Oops! He was a low profile billionaire in a profitable but unsexy business. 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. Richard Kinder and 10 other Houston billionaires cash in on Forbes list His father, an itinerant pipeliner, died of leukemia when Duncan was 17. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. 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. 14. 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 practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Williams holds a bachelors degree from Rice University and a J.D. She is the Chairwoman of Enterprise's board of directors. Hints and clues to help you with today's Wordle. 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. Randa Duncan Williams - Director, Enterprise Products Partners Lp. A week later, he became ill with fever and chills. Sold! Randa Duncan Williams buys Texas Monthly, the latest - Poynter Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. Duncan can sneak up on you. The Grenadier 4X4 combines British spirit and design with German engineering rigour. 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. Business & Economy; 25 richest families in America . 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. Dannine Avara - Forbes 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. 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. Besides the Double D ranch, the Duncans have two houses a vacation home in Santa Fe, N.M., and a 35,000-square-foot colonial style plantation house in River Oaks, complete with wine cellar, pool house, old European tapestries and furniture, linen-fold paneling and hand-painted, biblically themed Delft tiles. Forbes also ranks her as tied for the 290th richest person in the world. Please visitwww.enterpriseproducts.comfor more information. 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. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. [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.

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