Site designed and developed by The MTM Agency. 16 / 25. Medicine and education are Duncan's pet causes. 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. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. 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. Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. 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. 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. Peter Dawson is a digital reporter in Houston. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. PATRICK . Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. 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. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. 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 . For the second time since 2016, Texas Monthly magazine is getting a new owner. Palm Trees and Power Lines opens on March 3 in select theaters. Randa enjoys the highest profile among the four Duncan siblings. 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). 30 spot with a net worth of $10.8 billion. 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. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". Did Enterprise dispute the amount? After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. Shes very well read, independent-minded and proud of her Texas heritage.. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. 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. They just do it in many different ways today. That's what makes me emotional.". 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. 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. 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. 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. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. She joined Enterprise in 1994 as vice president. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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. Almost by definition, Enterprise seemed destined to stay under the radar. The diligence process has been exhaustive, and they believe in Texas Monthly., Terms of the deal, which is set to close on June 30, 2019, were not disclosed. Avara's sister Randa Duncan Williams is the only . 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. 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. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. 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. Enemies are nowhere to be found. 3rd party / other. Randa Duncan Williams. 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. 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. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. Paul Klotman, M.D. Are insane ticket costs pricing Astros fans out of Opening Day? The four siblings are tied for the second wealthiest people in Houston. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. By the time she discovers the truth about Toms life, it may be too late to go back. Additionally, she sits on the board of the University of Texas Health Science Center. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . The Duncans estimate they throw 30 to 50 dinner parties a year there, many attended by a who's who of Houston's social and corporate elite. It wasn't long before it was just the two of them. June 25, 2019 35 Texas Monthly magazine has a new owner. 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. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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. Learn More on Randa Duncan Williams' trading history. 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 . 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. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Williams is the only sibling involved in running the family business. Joe M. Bailey 1996 - present. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. He liberated airlines and trucking and enabled the 1980s-1990s boom. 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. Duncan had four adult children, each of whom is also a billionaire. People in the industry say he has no ego. 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. 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. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. I remember Randa as being very engaged and politically active, Stein said. The Campaign to Sabotage Texass Public Schools. He was dead in a week. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. This is a carousel. 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 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. Report Date Eligible Voters2 Registered Voters Percent . 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.. [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. 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. 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. We know that Randa's political affiliation is unknown . 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. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Bring on the Shiplap. The gift dwarfed any previous donation to the Texas Medical Center. Top party schools in every state. Leave them blank to get signed up. 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. It also is a story full of tragedy. from the University of Houston. 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. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. They have looked at the business through every lens. 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 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,. The experience and those of his loved ones made a lasting impression. Both individuals are. 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. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. She also serves on the boards of trustees for numerous charitable organizations. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Texas Monthly should be in good hands under her stewardship, Stein said. 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. But, for some, Williams might not be a household name. 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. Williams earned a Bachelor's Degree from Rice University. And You Thought Feral Hogs Were Bad. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. Learn More on Randa Duncan Williams' trading history. Three months later, the TB claimed his mother. "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. She previously served on the board of directors of Encore Bancshares. 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. In its 2020 budget year, Walmart racked up revenue of $524 billion and the company continues to rack up riches for heirs of the retail giants founders. 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. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. 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. 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. 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. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. the Texanist, is a staff writer. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. 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. She was made chairwoman in 2013. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . Forbes says the stock generates more than $700 million in annual dividend income for the family. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Investors are already flocking there for a chance at 1,000%+ returns. The current estimated net worth of Enterprise. 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). Williamss purchase of Texas Monthly comes at a time of great change in the media industry. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. >>> Scroll through to see which other Houstonians made the list. 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. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. Lawyer, environmental consultant. She and her 3 siblings each hold an 8% stake in the family business. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Texas Monthly has a new owner. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . Submit a correction suggestion and help us fix it! Enterprise is Mont Belvieus biggest player. Information on this page was last updated on 12/27/2022. 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. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. 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. Dan Duncan founded Enterprise Products Partners in 1968. I . As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. He was only half kidding. 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. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. 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. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). Theyre not looking at it that way. Breadcrumb. Handout / Texas Monthly Show More Show Less 2 of 11. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Enterprise went public in 1998, creating a master limited partnership, and began making monster transactions $7 billion worth in the next six years when some big companies ran into post-Enron financial trouble and needed to dump some midstream assets. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Williams earned herJuris Doctorate from the University of Houston College of Law. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. 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. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner So, who is she? "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. A Texas history buff owning a magazine about Texas seems like a natural fit. Are insane ticket costs pricing Astros fans out of Opening Day? She loves Texas Monthly as much as anybody ever did. Slowly but surely she falls for him, even though part of her knows the situation feels off. 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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Use our Product finder instead. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. The family fortune has more than doubled . 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. She was elected as a board director in 2010 and as chairman in 2013. Like her daddy, she prefers to keep a low profile. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. 14. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. 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. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. 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. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. 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.
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