A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. 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. Williams was quoted in a release as saying, My family is delighted to provide the resources to support this iconic Texas institution which is nationally recognized for its editorial flair.. She and her 3 siblings each hold an 8% stake in the family business. 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 . Shes very well read, independent-minded and proud of her Texas heritage.. 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. After Wanda was sold in 1968, Duncan decided to go out on his own. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. His children Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara and Scott Duncan inherited a $10 billion estate from Dan when he died in 2010. At No. Copyright 2022. Enterprise Products Partners has a market value of $63 billion. [8], She lives in Houston with her husband, and they have one child.[7]. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. 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!' Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. 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. Did Enterprise dispute the amount? Theres An App for That. Theyre looking at it the way you look at something you love and that you want to build and that youre going to be patient with.. from the University of Houston. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. Ballotpedia uses one or more of the following sources to identify each officeholder's partisan affiliation: (1) direct communication from the officeholder, (2) current or previous candidacy for partisan office, or (3) identification of partisan . She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Forrest Wilder writes about politics and the outdoors. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. 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. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. 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,. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Investors are already flocking there for a chance at 1,000%+ returns. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". Editor-in-chief Dan Goodgame said the mood around the office is light, and hes spent the day responding to well-wishers via email and text. Texas Monthly has a new owner. He later became one of the largest pipeline operators in the United States. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". And how much money does she have, anyways? Some brokers just had telephones.". 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. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. 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. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. It wasn't long before it was just the two of them. The breakthrough started in the late '90s. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. Additionally, she sits on the board of the University of Texas Health Science Center. Like her daddy, she prefers to keep a low profile. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. 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. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 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. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. [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. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. 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. June 25, 2019 35 Texas Monthly magazine has a new owner. 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. Williams earned herJuris Doctorate from the University of Houston College of Law. 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. 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. Dan Duncan founded Enterprise Products Partners in 1968. She was elected as a board director in 2010 and as chairman in 2013. Hobbys group paid $25 million for the magazine in 2016. 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. Seaman Treasurer 1996 - present. Her father, Dan Duncan, was the co-founder of Enterprise Products. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. The handoff of ownership becomes official June 30. Learn More on Randa Duncan Williams' trading history. "The one who seemingly came out of nowhere.". If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. 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. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. ./Wednesday, Feb. 18, 2009, in Houston. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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. Heres what you need to know. The gas and oil company is still under family control. 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. Randa is Duncan's eldest child, at 57. The Basses hold down the No. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. 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. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. 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. He played college football at the University of Iowa in the Big Ten Conference.He played in two Rose Bowls (January 1957, 1959) and was inducted into the College Football Hall of Fame (1997). Randa Duncan Williams - Director, Enterprise Products Partners Lp. 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. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. Truth be told, there's little left for Duncan to pursue. (The Duncans come in at No. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. Alice Walton isnt the only Texan whos a member of the Walton dynasty. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. This is a carousel. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. Scott B. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. Learn More on Enterprise Products Partners' active insiders. 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. Randa Duncan was born to Barbara Ann and Dan Duncan. We are also proud ambassadors of the uncompromising Grenadier 4X4. 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. She was made chairwoman in 2013. The journalistic integrity and quality for which Texas Monthly is known will remain unchanged as we build upon what Genesis Park has done over the past two years., Hobby praised Williams as a quiet, smart, and decisive leader. A Texas history buff owning a magazine about Texas seems like a natural fit. 11 on the Forbeslist.). His nice guy look hides the type of person his character truly is. When she gives money, shes selective and wants to ensure it will be spent appropriately. Hints and clues to help you with today's Wordle. Although they werent born into exorbitant wealth, Duncan Williams and her three siblings are tied as the second-wealthiest Houstonians with a net worth of more than $6 billion each, according to Forbes magazine. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. But, for some, Williams might not be a household name. Both Goodgame and Brown expressed great hopes for the companys future under Williams. But they don't attend many functions on Houston's social circuit. He thought that such a new business niche could make him a profitable living. Available for both RF and RM licensing. The four siblings are tied for the second wealthiest people in Houston. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Looking for a product? It made for tough times for Duncan, whose business philosophy was all about growing the company. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. Chart Data in Insider Trading History Table. Deck structures the film so that Lea is almost the perfect victim, someone whos alienated from those close to her and more than willing to accept someone who promises a type of escape. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. 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. 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. 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. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. 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. At 230 metres it is longer than two American football pitches combined (eight basketball courts). The current estimated net worth of Enterprise. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. 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. Forbes also ranks her as tied for the 290th richest person in the world. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Almost by definition, Enterprise seemed destined to stay under the radar. 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. Theyre not looking at it that way. Williams is now in the company of other wealthy citizens who boast legacy media crown jewels in their holdings, including: The sale is the latest in a line of transactions in which a wealthy citizen swoops in to snatch up a venerate and often faltering brand. 13. (Dave Rossman/For the Chronicle). Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine.
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