Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. 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. West Texans Are Learning What It Means to Live in Bear Country, H-E-Bs True Texas BBQ Restaurant Is Slipping, How Florence ButtNot Her SonLaunched the H-E-B Empire. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. The amount paid for what is called the National Magazine of Texas wasn't disclosed. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. In a business environment where journalists at many publications have become accustomed to hearing that theyll have to produce more content across more platforms with fewer resources, its great news, Goodgame said, that Williams aims to build on the work of Genesis Park and boost long-term investments in Texas Monthlys editorial staff, subscription marketing, and other key areas. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. Profession. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Top party schools in every state. Randa Duncan Williams Net Worth & Insider Trades 1 of 11. The vehicle was present as a guest of honour on the quayside as the ceremony took place. It's receiving that's harder. Texas Monthly magazine sold to Enterprise Products affiliate led by Albert & Margaret Alkek Foundation - President's Message "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. 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. Weve got somebody who understands that whats required here is patient capital, Goodgame said, someone whos not looking at this as the best risk-adjusted ROI on their next dollar. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. She can help strengthen the magazine without needing it to be a money maker. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. Please visitwww.enterpriseproducts.comfor more information. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. 14. We use cookies to make sure you get the most from our website. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. 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. Forbes also ranks her as tied for the 290th richest person in the world. 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.. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". Since the Baylor gifts and the Forbes. Duncan was part of an illustrious Houston philanthropic . "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. 11 on the Forbeslist.). 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." Party affiliation of the mayors of the 100 largest cities Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. ("Dub") Andras, 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. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. 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. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Duncan had four adult children, each of whom is also a billionaire. The experience and those of his loved ones made a lasting impression. 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. 2023 Celebrity Net Worth / All Rights Reserved. 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. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. 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. Williams is the only one of four. 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. 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. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. 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. At 230 metres it is longer than two American football pitches combined (eight basketball courts). About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Lawyer, environmental consultant. The hub of its NGL processing is just east of Houston in Mont Belvieu, known as the natural gas liquids capital of the world due to its massive complex of underground salt dome storage and processing plants. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. 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. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Bring on the Shiplap. While 2020 has been a nightmare financially for many, some locals have cashed in. He liberated airlines and trucking and enabled the 1980s-1990s boom. About Pacific Gas:Pacific Gas(Hong Kong)Holdings Limited is dedicated itself to provide integrated and yet competitive shipping services for a full range of clean energy and its derivatives by products in the international market, with offices located in Hong Kong, Shanghai, Singapore, and Mumbai. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. Randa Williams - Wikipedia This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Learn More on Randa Duncan Williams' trading history. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. She can treat it more like a non-profit. (Dave Rossman/For the Chronicle). That's what makes me emotional.". The Hunt family, whose members are descendants of oil wildcatter H.L. When he was 3 1/2 , his mother came down with tuberculosis. Randa enjoys the highest profile among the four Duncan siblings. As she recalls the scene, Duncan jokes, "Great line.". 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. Learn More about insider trades at Enterprise Products Partners. . Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. He was dead in a week. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. She previously served on the board of directors of Encore Bancshares. Williams is the only sibling involved in running the family business. FC Barcelona head coach Xavi Hernandez has spoken more on his team's 'sensational' defensive performance against Real Madrid in the Copa del Rey semi-final first leg ahead of his team's clash with Valencia in La Liga on Sunday. In 1995, Duncan waged his own battle with prostate cancer. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Are insane ticket costs pricing Astros fans out of Opening Day? $2.5 billion, according to our most recent tally. book to class, Oops! Political party. 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.. 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. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. [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. Randa Duncan Williams, a Houston billionaire and philanthropist. Stock photos, 360 images, vectors and videos Duncan family - Forbes His father, an itinerant pipeliner, died of leukemia when Duncan was 17. Theres a party going on deep in the heart of Texas. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, according to reports. 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. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. 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. Texas Monthly should be in good hands under her stewardship, Stein said. 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. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. 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. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 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. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. Three months later, the TB claimed his mother. Likewise, Tom aside from the inherently creepy idea of a 34-year-old man pursuing a 17-year-old girl doesnt come across as a monster. Learn More on Enterprise Products Partners' active insiders. Forrest Wilder writes about politics and the outdoors. Avara's sister Randa Duncan Williams is the only . Houston billionaire buys Texas Monthly, promising to invest and This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. 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. >>> Scroll through to see which other Houstonians made the list. Randa Duncan was born to Barbara Ann and Dan Duncan. New billionaire owner of Texas Monthly prefers background 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. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. 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. 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 is a carousel. Dan Duncan needs no reminder. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. 3rd party / other. 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. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. People consume storytelling more than they ever have, Goodgame said. The breakthrough started in the late '90s. The four siblings are tied for the second wealthiest people in Houston. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. They have looked under every rock. In his later years, his drive to succeed turned to the philanthropic world. 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. Houston looks for new generation of top givers - Chron The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The Duncan Family is the 21st-wealthiest family in the world, with a. Insiders at Enterprise Products Partners own 32.6% of the company. Randa Williams is 61 years old and was born on 08/28/1961. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. 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. She also serves on the boards of trustees for numerous charitable organizations. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Forbes says the stock generates more than $700 million in annual dividend income for the family. Sold! Randa Duncan Williams buys Texas Monthly, the latest - Poynter 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. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. PATRICK . 4 Houstonians cash in on Forbes' list of richest American families Investors are already flocking there for a chance at 1,000%+ returns. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 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. 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. 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,. 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. 25 Richest Families in America | Stacker She received . However, the publication last changed hands in 2016 for $25 million. Where does she come from? Written and directed by Jamie Deck, with help from co-writer Audrey Findlay, the film is profoundly difficult to watch, as viewers are witness to a slow-motion train wreck that they are powerless to stop. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. 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. 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. Peter Dawson is a digital reporter in Houston. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . A Texas history buff owning a magazine about Texas seems like a natural fit. 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. Heres what you need to know. Yesteday in Houston, one of the worlds largest ethane carriers came face to face with its namesake, the INEOS Grenadier 4X4, at the ship's official christening ceremony. Use Next and Previous buttons to navigate. 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. Theres An App for That. Report Date Eligible Voters2 Registered Voters Percent . Enemies are nowhere to be found. 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. 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. David Courtney, a.k.a. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. Randa Duncan Williams - Political - LittleSis The Natural Gas Pipelines & Services segment stores and transports natural gas. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. "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 process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. 2023 Forbes Media LLC. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. 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. And You Thought Feral Hogs Were Bad. 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. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. Both individuals are. 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 . It will also be available on VOD for home viewing. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. Joe M. Bailey 1996 - present. City Employees Are Heading for the Exits. Randa Williams lives in Houston, TX; previous city include La Porte TX. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Duncan's rise didn't come without struggles. Palm Trees and Power Lines opens on March 3 in select theaters. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. Duncan can sneak up on you. 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 handoff of ownership becomes official June 30. Randy Duncan - Wikipedia Midstream operations, so-called because they involve the transportation, processing and storage of oil and gas, aren't as flashy as punching holes in the ground. 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. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. 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. Austin-based Texas Monthly sold to Houston billionaire following Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. All Rights Reserved. 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. Its rattlesnake season in Texas. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner But it's easy to give. People in the industry say he has no ego. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Shes very well read, independent-minded and proud of her Texas heritage.. Randa Williams Duncan enjoys the highest profile among Houston's richest family. ", 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. 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. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Astros GM Dana Brown sees bright future for top prospect Drew Gilbert, This is how astronauts see Houston, Texas Gulf from space with unaided eyes, Roger Clemens makes surprise appearance at Astros' Spring Training, Texas lawmaker files bill to make menstrual products tax free, Proposed Texas bill would offer 12 weeks of paid family leave, Heres how you can watch 'Daisy Jones and the Six', Texas tornados destroy homes, leave 300,000 without power, Texas Republican wants to ban access to abortion websites.
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