"Major companies wanted to do business with companies with significant assets. $2.5 billion, according to our most recent tally. She and her 3 siblings each hold an 8% stake in the family business. Williams holds a bachelors degree from Rice University and a J.D. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. | 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. 14. Bring on the Shiplap. 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. [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. The four Bass brothers Sid, Edward, Robert, and Lee each inherited $2.8 billion from their oil tycoon uncle Sid Richardson after his death in 1959. Randa Duncan Williams - Forbes She is the Chairwoman of Enterprise's board of directors. Related by financial asset: Enterprise Products Partners L.P. 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. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. The next summer, he began traveling to visit his father wherever he was working. 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. Details of the transaction werent made public. The net worth of each heir exceeds $5 billion. 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. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. 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. 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. [5][6], Williams is a member of the board of trustees for the Houston Zoo, was a member of the board of trustees for the Houston Museum of Natural Science since 1995 and its chairman. 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. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. "People sometimes ask me if I had to do it over again, would I do something different," said Duncan, reflecting on his career during a recent return flight from his ranch. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. It also is a story full of tragedy. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. We use cookies to make sure you get the most from our website. Randa Duncan Williams - Political - LittleSis Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Mr John Lu, President of Pacific Gas said:We are delighted to deliver the Pacific INEOS Grenadier, the second of the largest VLECs in the world, as we extend INEOS ground-breaking ethane trading business. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. 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. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. 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. In February this year we launched the Pacific INEOS Belstaff, then the worlds largest ethane carrier, and today alongside our highly anticipated Grenadier 4X4 we have added the second of the worlds largest VLECs to our growing fleet.. Randa Williams Duncan enjoys the highest profile among Houston's richest family. As she recalls the scene, Duncan jokes, "Great line.". 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. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Texas Monthly should be in good hands under her stewardship, Stein said. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. 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. City Employees Are Heading for the Exits. 25 Richest Families in America | Stacker Forbes also ranks her as tied for the 290th richest person in the world. 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. Joe M. Bailey 1996 - present. 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. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Randa L Williams, 61 - Houston, TX - Reputation & Contact Details Her father, Dan Duncan, was the co-founder of Enterprise Products. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Political party. Leave them blank to get signed up. 11 on the Forbeslist.). 8. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. "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. The amount paid for what is called the National Magazine of Texas wasn't disclosed. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. Forrest Wilder writes about politics and the outdoors. [8], She lives in Houston with her husband, and they have one child.[7]. 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 richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. 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. 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. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. 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. Reflects change since 5 pm ET of prior trading day. Why Does He Get to Make That Call? She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. Photo courtesy of Texas Monthly/Gittings Photography, These 4 Houstonians cash in on Forbes' list of richest American families, United Way 2014-15_Single Promoted Articles, MD Anderson Breast Cancer Promoted Article, Professional Skin Treatments by NuMe Express, CultureMap Houston Holiday Pop-up Shop 2017, Martha Turner Sotheby's International Realty, Discomfort of subject matter in Palm Trees and Power Lines serves to prove its strength. 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. 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. Are insane ticket costs pricing Astros fans out of Opening Day? Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. 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. 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. But What Is It? 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. Randa Williams - Wikipedia Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. 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. When he was 3 1/2 , his mother came down with tuberculosis. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. We are also proud ambassadors of the uncompromising Grenadier 4X4. Alice Walton isnt the only Texan whos a member of the Walton dynasty. "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. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. They have looked under every rock. Site designed and developed by The MTM Agency. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. "I was enthralled by their vivid descriptions. Duncan had four adult children, each of whom is also a billionaire. Her role is complex, but the novice actor handles everything thats asked of her extremely well. The vehicle was present as a guest of honour on the quayside as the ceremony took place. "I certainly never expected him to become a billionaire.". Like her daddy, she prefers to keep a low profile. Insiders at Enterprise Products Partners own 32.6% of the company. The terms of the sale were not . 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. >>> Scroll through to see which other Houstonians made the list. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. 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. She's very well read, independent-minded and proud of her Texas heritage.". Here are the 15 richest people in Texas, according to Forbes As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Randa Duncan Williams, a Houston billionaire and philanthropist. 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. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. 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. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. 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. It's receiving that's harder. 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. Albert & Margaret Alkek Foundation - President's Message Some brokers just had telephones.". Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. That requires resources. On this Wikipedia the language links are at the top of the page across from the article title. 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. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. 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 served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. However, the publication last changed hands in 2016 for $25 million. Copyright 2022. 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. 13. And You Thought Feral Hogs Were Bad. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. book to class, Oops! June 25, 2019 35 Texas Monthly magazine has a new owner. Russias War On Ukraine: Daily News And Information From Ukraine, Todays Wordle #623 Hint, Clues And Answer For Saturday, March 4th, WWE SmackDown Results: Winners And Grades As Rhodes And Reigns Finally Face Off, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. 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. Dave Rossman, freelance / For the Chronicle. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. 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. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Dan Duncan needs no reminder. Randa is Duncan's eldest child, at 57. Its now official: This will be the last season of the brilliant series about a media mogul and his family. Because she regularly had to check in to a sanatorium and his father was on the road, Duncan and his brother moved in with their grandmother, a nearly blind woman who instructed them in life's lessons the Golden Rule, the value of a day's work. Hunt, sit at No. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. Dannine Avara - Forbes