Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Both Goodgame and Brown expressed great hopes for the companys future under Williams. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. Williams also made The Houston Chronicle's, Brett Coomer, Houston Chronicle / Staff photographer, 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. 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. 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. 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. This is a carousel. 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. 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. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. (The Duncans come in at No. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Its rattlesnake season in Texas. The four siblings are tied for the second wealthiest people in Houston. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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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. "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. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. Williams holds a bachelors degree from Rice University and a J.D. Williams is the only one of four. 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. Randa Williams is marred to her husband, Charles A. Williams. Related by financial asset: Enterprise Products Partners L.P. 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. [8], She lives in Houston with her husband, and they have one child.[7]. 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. Both individuals are Houstonians. Please visitwww.enterpriseproducts.comfor more information. If you earn people's trust, you'll receive the first call when they want to make a deal.". Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Randa enjoys the highest profile among the four Duncan siblings. 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. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. She and her 3 siblings each hold an 8% stake in the family business. We know that Randa's political affiliation is unknown . 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. 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. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 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. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. Bring on the Shiplap. By 1973, it was a $3 million company. 1 most stressful city for U.S. workers, To get these special tacos, drive out to the Houston Ship Channel, Principal fired for reading 'I Need a New Butt!' Almost by definition, Enterprise seemed destined to stay under the radar. 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. 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. Enterprise is Mont Belvieus biggest player. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. 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. Dave Rossman, freelance / For the Chronicle. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Whats Up With All the Kangaroos on the Loose in Texas? 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. Details of the transaction werent made public. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. Looking for a product? Duncan can sneak up on you. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. The Basses hold down the No. In 2018, according to the Forbes 400, Williams, along with two of her siblings. He liberated airlines and trucking and enabled the 1980s-1990s boom. The way it played out is poetic.. Use Next and Previous buttons to navigate. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Like her daddy, she prefers to keep a low profile. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. [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. Site designed and developed by The MTM Agency. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. The Grenadier 4X4 combines British spirit and design with German engineering rigour. 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. Learn More about insider trades at Enterprise Products Partners. 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 . Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. 16 / 25. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Breadcrumb. 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. 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. 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. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. Peter Dawson is a digital reporter in Houston. They have one child. 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. Enter your email address below to get our daily insider buying and selling report. Get the Poynter newsletter that's right for you. Barbara Allen is the director of college programming for Poynter. But it's easy to give. INEOS makes major $1.4 billion acquisition of US onshore oil and gas assets, INEOS Announces Closing of Offering of Senior Secured Notes Due 2028. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. 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. from the University of Houston. Submit a correction suggestion and help us fix it! The handoff of ownership becomes official June 30. She was made chairwoman in 2013. The EIN for the organization is 59-1630423. Both individuals are. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. Forbes recently listed Williams as the ninth wealthiest person in Texas. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. 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. And You Thought Feral Hogs Were Bad. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. 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. All rights reserved. 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. 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. If I did it over, I'd never be this lucky again.". His father, an itinerant pipeliner, died of leukemia when Duncan was 17. She inherited $3.1 billion upon the death of her father. 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. Based on Enterprise's proxy statement for the deal, the reporter calculated that "this fellow Dan Duncan" had a net worth of more than $4 billion, good for 40th in the magazine's annual ranking of wealthiest Americans. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. 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. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Are insane ticket costs pricing Astros fans out of Opening Day? Houston pitmaster goes viral after hilarious TV interview, Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, 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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Palm Trees and Power Lines opens on March 3 in select theaters. 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. Her role is complex, but the novice actor handles everything thats asked of her extremely well. 30 spot with a net worth of $10.8 billion. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". 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. Robert is the wealthiest of the foursome. She previously served on the board of directors of Encore Bancshares. 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. Leave them blank to get signed up. 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. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. 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. 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. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. 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. The next summer, he began traveling to visit his father wherever he was working. She loves Texas Monthly as much as anybody ever did. Her father, Dan Duncan, was the co-founder of Enterprise Products. "The one who seemingly came out of nowhere.". 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. In the last year, Enterprise Products Partners insiders bought shares 6 times. 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. Political party. The Director DefendantRanda Duncan Williams, O.S . 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. Their net worth: $247 billion. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. Insiders at Enterprise Products Partners own 32.6% of the company. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. Duncan said he didn't dwell on his grief in those days, he explains, a young child's concept of life and death wasn't what it is now. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. Its now official: This will be the last season of the brilliant series about a media mogul and his family. She had strong opinions about things.. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. Theyre looking at it the way you look at something you love and that you want to build and that youre going to be patient with.. 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. While 2020 has been a nightmare financially for many, some locals have cashed in. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. 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. It made for tough times for Duncan, whose business philosophy was all about growing the company. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. He thought that such a new business niche could make him a profitable living. Learn More on Randa Duncan Williams' trading history. Williams was quoted in a release as saying, My family is delighted to provide the resources to support this iconic Texas institution which is nationally recognized for its editorial flair.. Randa Duncan Williams and her husband live in Houston, of course. 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. Outside Spending Groups. Randa Duncan Williams, a Houston billionaire and philanthropist. 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 . "I certainly never expected him to become a billionaire.". Like her father, Randa stays out of the spotlight. 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. 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.