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. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. 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. 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. Both individuals are. 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. 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. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". Williams holds a bachelors degree from Rice University and a J.D. Duncan was part of an illustrious Houston philanthropic . Robert is the wealthiest of the foursome. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. 9. If you earn people's trust, you'll receive the first call when they want to make a deal.". 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 . Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. "I tell them no. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Palm Trees and Power Lines opens on March 3 in select theaters. PATRICK . Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Leave them blank to get signed up. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. . "Major companies wanted to do business with companies with significant assets. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. 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. Three months later, the TB claimed his mother. Heres what you need to know. Peter Dawson is a digital reporter in Houston. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. Randa Duncan Williams - Director, Enterprise Products Partners Lp. 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. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. Are insane ticket costs pricing Astros fans out of Opening Day? Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. Palm Trees and Power Lines is not an easy film to watch, and it often goes in directions that viewers may not want to believe. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. June 25, 2019 35 Texas Monthly magazine has a new owner. 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 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 Duncan Family is the 21st-wealthiest family in the world, with a. Political party. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. Top party schools in every state. 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. 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. Williams earned a Bachelor's Degree from Rice University. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. They have one child. Are ticket costs pricing Houston Astros fans out of Opening Day? Its rattlesnake season in Texas. 8. 2023 Forbes Media LLC. 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. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). 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. He's taken more than 360 different species, including the Grand Slam of Sheep (the Dall, Stone, Desert and Rocky Mountain Bighorn) and the Big Five of Africa (elephant, rhinoceros, Cape buffalo, leopard and lion, considered the continent's most dangerous animals), both rare achievements. The children Dannine Avara, Scott Duncan, Milane Frantz, and Randa Williams inherited a tax-free $10 billion share of their father's estate following his death in 2010, when the so . 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. Print ad revenue has declined in the same period. Almost by definition, Enterprise seemed destined to stay under the radar. Investors are already flocking there for a chance at 1,000%+ returns. At No. Her father Dan Duncan became the first American billionaire to pass his fortune tax-free to his descendants due to a temporary repeal of the estate tax law in 2010. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Learn More on Enterprise Products Partners' active insiders. 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. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. 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. It wasn't long before it was just the two of them. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. 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. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. 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). Both his first and second wife succumbed to cancer. 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. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. Fire Ants Have Unleashed Chaos in Texas for Decades. A week later, he became ill with fever and chills. Available for both RF and RM licensing. 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. 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. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. For further information please visit: www.ineosgrenadier.com, Media ContactsRichard Longden (Richard.longden@ineos.com) 0041 21 627 7063 or 0041 7996 26123Andrew McLachlan (andrew@mediazoo.tv) 07931 377162Alex Williams (alex.williams@mediazoo.tv) 07793 207325. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. Need to know more? 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. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. As new forms of digital media have changed consumer habits and upended the advertising industry, many traditionally print-based publishing businesses have shut their doors, downsized, or consolidated. Donald Trumps real net worth? Medicine and education are Duncan's pet causes. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. 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. Dan Duncan founded Enterprise Products Partners in 1968. They have looked under every rock. However, the publication last changed hands in 2016 for $25 million. Bring on the Shiplap. In 2018, according to the Forbes 400, Williams, along with two of her siblings. Breadcrumb. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Duncan can sneak up on you. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. 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. For the second time in less than three years, Texas Monthly has a new owner. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. Additionally, she sits on the board of the University of Texas Health Science Center. Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. For the second time since 2016, Texas Monthly magazine is getting a new owner. 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 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. 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. The way it played out is poetic.. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Randa Duncan was born to Barbara Ann and Dan Duncan. The experience and those of his loved ones made a lasting impression. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. [8], She lives in Houston with her husband, and they have one child.[7]. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. 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. Theyre not looking at it that way. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. He was only half kidding. 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 . Randa is Duncan's eldest child, at 57. 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. She joined the company in 1994 and took on the roles of president and CEO in 2001. 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. 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. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. Randa Duncan Williams and her husband live in Houston, of course. She joined Enterprise in 1994 as vice president. It provides world class off-road capability and durability to those who depend on a vehicle as a working tool, wherever they are in the world. 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. Alice Walton isnt the only Texan whos a member of the Walton dynasty. 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 . As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Her father, Dan Duncan, was the co-founder of Enterprise Products. She sits on the board of the University of Texas Health Science Center where a clinic is named after her father at the Children's Learning Institute. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. That's what makes me emotional.". Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. 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. 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. Randa Duncan Williams Vice President 1996 - present. "What's unique, besides your assets and staff, is your relationships. Handout / Texas Monthly Show More Show Less 2 of 11. Back home, Duncan was breezing through school. 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. But they don't attend many functions on Houston's social circuit. In 1995, Duncan waged his own battle with prostate cancer. Duncan had four adult children, each of whom is also a billionaire. The Basses hold down the No. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Texas Monthly has a new owner. 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. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. Details of the transaction werent made public. Randa enjoys the highest profile among the four Duncan siblings. Enterprise is Mont Belvieus biggest player. 30 spot with a net worth of $10.8 billion. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. 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. 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. 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. 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. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. 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. 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. Whats Up With All the Kangaroos on the Loose in Texas? 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. 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. 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. Randa Duncan Williams, a Houston billionaire and philanthropist. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. Paul Klotman, M.D. 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. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. "He was smart, but I remember him mostly as an outstanding person nice, very well-liked, impeccably behaved," said Yvonne Wedgeworth, a high school classmate who still lives in Center. While 2020 has been a nightmare financially for many, some locals have cashed in. 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. 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. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. 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). 3rd party / other. Forbes recently listed Williams as the ninth wealthiest person in Texas. 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. 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 had strong opinions about things.. Business & Economy; 25 richest families in America . The vehicle was present as a guest of honour on the quayside as the ceremony took place. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. ("Dub") Andras, INEOS is a Registered Trademark, the property of INEOS Capital Limited. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. 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 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. Texas Monthly should be in good hands under her stewardship, Stein said. The Campaign to Sabotage Texass Public Schools. Enter your email address below to get our daily insider buying and selling report. Are ticket costs pricing Houston Astros fans out of Opening Day? All rights reserved. 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