While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. "When you have as much happen to you as has happened to me in my lifetime, it has to have an effect," said Duncan, a Baylor College of Medicine board member since 2003. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. (The Duncans come in at No. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. She joined Enterprise in 1994 as vice president. 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. The next summer, he began traveling to visit his father wherever he was working. Need to know more? She can help strengthen the magazine without needing it to be a money maker. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. (Dave Rossman/For the Chronicle). News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. [4], In 2019, she purchased Texas Monthly'. Randa also answers to Randa Duncan Wil, Randa D Williams, Randa L Duncan-williams, Randa Duncanwilliams and Randa Duncanwil, and perhaps a couple of other names. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. 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. 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. We know that Randa's political affiliation is unknown . Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. That requires resources. 3rd party / other. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. 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. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. Duncan's rise didn't come without struggles. Avara's sister Randa Duncan Williams is the only . 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. 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. Top party schools in every state. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. 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. Duncan can sneak up on you. Order books are now open for Europe and other key launch markets. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Randa Duncan Williams, a Houston billionaire and philanthropist. 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.. Forbes also ranks her as tied for the 290th richest person in the world. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. The current estimated net worth of Enterprise. Shes a trained lawyer, a Texas history buff, a devoted mother, a billionaire heiress and the chairwoman of the largest Houston company that isnt a household name. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. INEOS is a Registered Trademark, the property of INEOS Capital Limited. Randa Duncan was born to Barbara Ann and Dan Duncan. Forbes recently listed Williams as the ninth wealthiest person in Texas. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. Are insane ticket costs pricing Astros fans out of Opening Day? A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . 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. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. "Giving to the community is a way to make a difference. 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. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. Additionally, she sits on the board of the University of Texas Health Science Center. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. 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. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. The Duncan Family is the 21st-wealthiest family in the world, with a. 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). Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. In February this year we launched the Pacific INEOS Belstaff, then the worlds largest ethane carrier, and today alongside our highly anticipated Grenadier 4X4 we have added the second of the worlds largest VLECs to our growing fleet.. City Employees Are Heading for the Exits. Use Next and Previous buttons to navigate. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Nowhere can that be more jarring than amid the hundreds of mounted animals at his ranch house in Smithville, about 50 miles southeast of Austin. 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. "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 one who seemingly came out of nowhere.". The net worth of each heir exceeds $5 billion. Peter Dawson is a digital reporter in Houston. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Like her father, Randa stays out of the spotlight. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. PATRICK . 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. Learn More on Enterprise Products Partners' active insiders. 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. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). 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. Whats Up With All the Kangaroos on the Loose in Texas? Duncan had four adult children, each of whom is also a billionaire. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. 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. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. The diligence process has been exhaustive, and they believe in Texas Monthly., Terms of the deal, which is set to close on June 30, 2019, were not disclosed. Truth be told, there's little left for Duncan to pursue. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Both his first and second wife succumbed to cancer. INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. 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. Submit a correction suggestion and help us fix it! By 1973, it was a $3 million company. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. 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 . Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Randa enjoys the highest profile among the four Duncan siblings. Where does she come from? How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. 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. But, for some, Williams might not be a household name. As she recalls the scene, Duncan jokes, "Great line.". Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. 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. The way it played out is poetic.. They have looked at the business through every lens. But it's easy to give. 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. Seaman Treasurer 1996 - present. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. | Peter.Dawson@chron.com | 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. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. 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. For the second time since 2016, Texas Monthly magazine is getting a new owner. Like her daddy, she prefers to keep a low profile. Randa Duncan Williams and her husband live in Houston, of course. And how much money does she have, anyways? 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 is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. 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 . Learn More about insider trades at Enterprise Products Partners. Thanks to a routine annual physical required by banks "When you owe millions of dollars, they worry about your health," he said it was caught early and, after radical surgery with a nerve-sparing technique, he made a full recovery. Are ticket costs pricing Houston Astros fans out of Opening Day? FC Barcelona head coach Xavi Hernandez and president Joan Laporta are not currently seeing eye to eye on the potential sale of misfit winger Raphinha this summer, according to reports. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Heres what you need to know. Almost by definition, Enterprise seemed destined to stay under the radar. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. 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. She also serves on the governance and capital projects committees. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. Fire Ants Have Unleashed Chaos in Texas for Decades. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. He was only half kidding. 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. He later became one of the largest pipeline operators in the United States. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. It also is a story full of tragedy. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. time of the 2009 Sale, by Duncan and members of 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 received . A major philanthropist like her father, she has focused much of her giving on medicine, education, the arts and cultural institutions, such as the Houston Zoo and the Houston Museum of Natural Science. Mimi Swartz is a staff writer based in Houston. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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. The vehicle was present as a guest of honour on the quayside as the ceremony took place. The terms of the sale were not . 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. Get the Poynter newsletter that's right for you. 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. 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. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. 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. Handout / Texas Monthly Show More Show Less 2 of 11. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. 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. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. 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. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Scott B. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Linda Francis Duncan (born June 25, 1949) is a Canadian lawyer and politician, and former Member of Parliament for the riding of EdmontonStrathcona in Alberta. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. "What's unique, besides your assets and staff, is your relationships. 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. 1 of 11. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. He thought that such a new business niche could make him a profitable living. 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. 8. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Chart Data in Insider Trading History Table. Shes very well read, independent-minded and proud of her Texas heritage.. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. 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. 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. Her role is complex, but the novice actor handles everything thats asked of her extremely well. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. 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. That's what makes me emotional.". 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. The companys annual sales are around $28 billion. 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. 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. Duncan was part of an illustrious Houston philanthropic . Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Back home, Duncan was breezing through school. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. 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. She was named executor of her fathers estate when he died. 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. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. In 2018, according to the Forbes 400, Williams, along with two of her siblings. 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!' But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Enemies are nowhere to be found. [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. 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. 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. Learn More on Randa Duncan Williams' trading history. 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. People in the industry say he has no ego. Why Does He Get to Make That Call? 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 have looked under every rock. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. 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. 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. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. 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.
March 11, 2023