The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. The next summer, he began traveling to visit his father wherever he was working. Alice Walton isnt the only Texan whos a member of the Walton dynasty. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. time of the 2009 Sale, by Duncan and members of his family. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. ("Dub") Andras, Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . She can help strengthen the magazine without needing it to be a money maker. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. At No. 13. 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. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. 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. While the privately held magazine doesnt publicly discuss its finances, Goodgame said the last few quarters were spent taking this great storytelling brand and extending it from print, which is still very important to us but we want to take that same storytelling out to the newer platforms where audience is growing, and where revenue is growing, and where Texans want to get their storytelling these days.. "I tell them no. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. Shes very well read, independent-minded and proud of her Texas heritage.. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. Looking for a product? Whats Up With All the Kangaroos on the Loose in Texas? Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Forbes says the stock generates more than $700 million in annual dividend income for the family. Stock photos, 360 images, vectors and videos Support responsible news and fact-based information today! Insiders at Enterprise Products Partners own 32.6% of the company. Enemies are nowhere to be found. She loves Texas Monthly as much as anybody ever did. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. Named after the rugged off-road vehicle, the Pacific INEOS Grenadier is a 99,000 CBM VLEC (Very Large Ethane Carrier) and is the latest ship to join the INEOS fleet. 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. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. Use Next and Previous buttons to navigate. Duncan was the first overall pick in the 1959 NFL Draft by the Green . Randa Duncan Williams is a businessperson who has been at the helm of 5 different companies and presently occupies the position of Non-Executive Chairman for Enterprise Products Partners LP, Chairman for Enterprise Products Co., President of DLD Family Investments LLC and Chairman for EPCO Holdings, Inc. She received . 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). Where does she come from? Randa is the only one of Dan Duncan's children still involved in the family business. Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. 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. 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. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. Enterprises political action committee may give money primarily to Republicans, but her political science professor at Rice, Robert Stein, remembers Duncan Williams as public policy-minded and decidedly more liberal. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. In person, the 73-year-old Duncan hardly fits the billionaire image. 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. And You Thought Feral Hogs Were Bad. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. 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 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 daughter, Williams, has an 8-year-old son who received assistance at the institute in coping with his dyslexia and improving his reading skills. 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. Learn More on Randa Duncan Williams' trading history. Randa Williams (ne Duncan, born 1960/1961), is an American billionaire heir to the Duncan family fortune (through Enterprise Products, which remains under family control). The 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. 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. Texas Monthly has a new owner. 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. 2010 - present. 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 richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. She was made chairwoman in 2013. Duncan's rise didn't come without struggles. 2023 Celebrity Net Worth / All Rights Reserved. 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. 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. Fleeing for Your Life? All rights reserved. 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." Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . Like her father, Randa stays out of the spotlight. Why Does He Get to Make That Call? 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. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. The gas and oil company is still under family control. Randa Williams is marred to her husband, Charles A. Williams. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. It took Duncan to show them it was in their financial interest to outsource them to an independent company, to get such assets off their books. PATRICK . Available for both RF and RM licensing. They have one child. Dan Duncan, who died in 2010, left the fortune he amassed as the co-founder and chairman of Enterprise Product Partners to his four children, Dannine Avara, Scott Duncan, Milane Frantz and Randa Williams. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. It also is a story full of tragedy. "I certainly never expected him to become a billionaire.". After a stint in the Army in the mid-1950s he was stationed in Germany doing radio communications Duncan moved to Houston and went back to school. Randa Duncan Williams, a Houston billionaire and philanthropist. 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. She previously served on the board of directors of Encore Bancshares. 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 now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . As of February 9, 2023 What is Randa Duncan Williams's Net Worth? A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . >>> Scroll through to see which other Houstonians made the list. ", Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten, New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI, "10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly", "Texas Monthly gets new ownership, again", Forbes: The World's Billionaires - Randa Williams, https://en.wikipedia.org/w/index.php?title=Randa_Williams&oldid=1108418741, American businesspeople in the oil industry, Creative Commons Attribution-ShareAlike License 3.0, holding an 8% stake in Enterprise Products, This page was last edited on 4 September 2022, at 08:21. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. 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. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. 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. 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 Basses hold down the No. Dan Duncan founded Enterprise Products Partners in 1968. Duncan's daughter, Williams, has an 8-year-old son who received assistance at the institute in coping with his dyslexia and improving his reading skills. Digital revenue has grown from 8 percent of ad sales in 2017 to 20 percent in 2019, while event sponsorship revenue has grown from 6 percent to 18 percent of the total. Enterprise Products Partners has a market value of $63 billion. | 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. It wasn't long before it was just the two of them. 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. 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. Hobbys tenure as chairman of Texas Monthly also saw some tumult, including several high-profile staff departures and accusations of editorial impropriety in early 2018, when then editor-in-chief Tim Taliaferro was alleged by the Columbia Journalism Review to have agreed to an arrangement in which the dating app Bumble would pay for social media promotion for a Texas Monthly cover story about Bumble founder Whitney Wolfe Herd. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. Leave them blank to get signed up. Learn More on Enterprise Products Partners' active insiders. Even during the evilest (aka most devastatingly effective) moment of the film, he never raises his voice or threatens Lea in any way, which somehow makes the aftermath even worse. The handoff of ownership becomes official June 30. Each has an estimated net worth of $6.2 billion. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. I knew about her passion for the brand, Hobby said, and it was a logical conclusion that she would be interested., From that point on, the sale process involved a rigorous review of the business by Williamss team, Brown said. Political party. 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. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". Chart Data in Insider Trading History Table. 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. In his later years, his drive to succeed turned to the philanthropic world. 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. (Dave Rossman/For the Chronicle). We use cookies to make sure you get the most from our website. They purchased a total of 65,350 shares worth more than $1,573,730.50. Slowly but surely she falls for him, even though part of her knows the situation feels off. Did Enterprise dispute the amount? Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. 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. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. [8], She lives in Houston with her husband, and they have one child.[7]. Astros GM Dana Brown has more praise team's top prospect, This is what Houston looks like from space, MLB legend makes surprise appearance at Astros' Spring Training, Meet the Astros prospect tearing up Spring Training, Report: Houston ranked No. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. 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. 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. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. 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. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. Are ticket costs pricing Houston Astros fans out of Opening Day? Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. For the second time since 2016, Texas Monthly magazine is getting a new owner. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. The four siblings are tied for the second wealthiest people in Houston. This is a carousel. 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. Details of the transaction werent made public. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Order books are now open for Europe and other key launch markets. Some brokers just had telephones.". But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Truth be told, there's little left for Duncan to pursue. The gift dwarfed any previous donation to the Texas Medical Center. Forbes recently listed Williams as the ninth wealthiest person in Texas. 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. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. Three months later, the TB claimed his mother. However, the publication last changed hands in 2016 for $25 million. 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. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Learn More on Randa Duncan Williams' trading history. Randa is Duncan's eldest child, at 57. [4], In 2019, she purchased Texas Monthly'. So, who is she? Randa Duncan Williams has a net worth of $7.2 billion. Theyre not looking at it that way. 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. She joined Enterprise in 1994 as vice president. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Randa Williams is 61 years old and was born on 08/28/1961. All Rights Reserved. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. Hobbys group paid $25 million for the magazine in 2016. Enter your email address below to get our daily insider buying and selling report. "I remember sitting around the campfire my first venture outside of Texas, listening to other hunters discussing their experiences in Alaska, Canada and Africa," Duncan writes in one of the short pieces he's penned on the joys of hunting. Seaman Treasurer 1996 - present. 1 of 11. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. Additionally, she sits on the board of the University of Texas Health Science Center. 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. Theres An App for That. In Palm Trees and Power Lines, Lea (Lily McInerny) is a 17-year-old girl on summer break in Southern California, spending her days lying out in the sun and hanging out with her best friend, Amber (Quinn Frankel), among others. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. The vehicle was present as a guest of honour on the quayside as the ceremony took place. 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. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Breadcrumb. Donald Trumps real net worth? 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. 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. 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. 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. The amount paid for what is called the National Magazine of Texas wasn't disclosed. INEOS is a Registered Trademark, the property of INEOS Capital Limited. 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. 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. 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. Dan Duncan needs no reminder. He later became one of the largest pipeline operators in the United States. 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. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. 2023 Forbes Media LLC. A year and a half later, his worth now at $6 billion, his profile raised by a $100 million gift to Baylor College of Medicine, Duncan remains one of the city's least known heavy hitters. She and her 3 siblings each hold an 8% stake in the family business. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. 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. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. Houston pitmaster goes viral after hilarious TV interview, Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, 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. book to class, Oops! "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?".