>>> Scroll through to see which other Houstonians made the list. 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. 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. 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. 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. The vehicle was present as a guest of honour on the quayside as the ceremony took place. 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. [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. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. She joined the company in 1994 and took on the roles of president and CEO in 2001. Reflects change since 5 pm ET of prior trading day. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. 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. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. Their net worth: $247 billion. book to class, Oops! 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. On this Wikipedia the language links are at the top of the page across from the article title. With a law degree from the University of Houston, Williams practiced law for about 6 years beginning in 1988, handling toxic tort cases and property liability cases. 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. Site designed and developed by The MTM Agency. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. 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. 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. Lawyer, environmental consultant. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. She received . 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). Both individuals are. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . She joined Enterprise in 1994 as vice president. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. The Campaign to Sabotage Texass Public Schools. Despite it all, Duncan built a $15 billion company in an esoteric part of the natural gas industry known as midstream, between exploration and end-use. Duncan can sneak up on you. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Texas Monthly should be in good hands under her stewardship, Stein said. Peter Dawson is a digital reporter in Houston. 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. 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. . 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. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. 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 chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. City Employees Are Heading for the Exits. Did Enterprise dispute the amount? Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Randa and her siblings are among the first American billionaires to pay no estate tax on their inheritance due to a temporary repeal in the estate tax law in 2010, the year Dan Duncan died. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Investors are already flocking there for a chance at 1,000%+ returns. She previously served on the board of directors of Encore Bancshares. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. All Rights Reserved. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. It's receiving that's harder. 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. 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. 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. His nice guy look hides the type of person his character truly is. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. 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. June 25, 2019 35 Texas Monthly magazine has a new owner. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Astros GM Dana Brown sees bright future for top prospect Drew Gilbert, This is how astronauts see Houston, Texas Gulf from space with unaided eyes, Roger Clemens makes surprise appearance at Astros' Spring Training, Texas lawmaker files bill to make menstrual products tax free, Proposed Texas bill would offer 12 weeks of paid family leave, Heres how you can watch 'Daisy Jones and the Six', Texas tornados destroy homes, leave 300,000 without power, Texas Republican wants to ban access to abortion websites. 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. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Avara's sister Randa Duncan Williams is the only . Hunt, sit at No. Duncan was part of an illustrious Houston philanthropic . Randa Williams Duncan enjoys the highest profile among Houston's richest family. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 2023 Celebrity Net Worth / All Rights Reserved. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . Randa Duncan Williams Vice President 1996 - present. 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. 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. 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. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. She's very well read, independent-minded and proud of her Texas heritage.". Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . Like her daddy, she prefers to keep a low profile. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 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. 18 on the Forbes list with a net worth of $15.5 billion. Nowhere can that be more jarring than amid the hundreds of mounted animals at his ranch house in Smithville, about 50 miles southeast of Austin. In person, the 73-year-old Duncan hardly fits the billionaire image. Randa Duncan Williams has a net worth of $7.2 billion. For the second time since 2016, Texas Monthly magazine is getting a new owner. 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. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. Texas Monthly is the latest in a series of newsrooms to be scooped up and bolstered by the deep and patient pockets of legacy media-loving billionaires. Randa enjoys the highest profile among the four Duncan siblings. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. Theres An App for That. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . Stock photos, 360 images, vectors and videos Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. Williams is the only one of four. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". Donald Trumps real net worth? Forbes also ranks her as tied for the 290th richest person in the world. His children Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara and Scott Duncan inherited a $10 billion estate from Dan when he died in 2010. 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. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. Business & Economy; 25 richest families in America . Randa Duncan Williams and her husband live in Houston, of course. Get the Poynter newsletter that's right for you. Print ad revenue has declined in the same period. Randa Duncan Williams - Director, Enterprise Products Partners Lp. 11 on the Forbeslist.). "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. On HoustonChronicle.com:Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, "I have been an avid Texas Monthly reader since I was a teenager," Williams, who will control the magazine through Enterprise Partners Co., said in a statement. 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. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. Paul Klotman, M.D. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. 8. time of the 2009 Sale, by Duncan and members of his family. 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. She had strong opinions about things.. 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. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. 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. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Enterprise Products Partners' insider roster includes Graham Bacon (COO), Carin Barth (Director), Richard Boss (EVP of Accounting), W. Fowler (Co-CEO), John Rutherford (Director), AJ Teague (CEO), and Randa Williams (Director). If I did it over, I'd never be this lucky again.". Chart Data in Insider Trading History Table. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. Shes very well read, independent-minded and proud of her Texas heritage.. 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. 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. The gas and oil company is still under family control. 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. 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.. He thought that such a new business niche could make him a profitable living. In that and a subsequent horrific scene, Deck is unflinching with the camera, placing it in a single location and rarely cutting, even when things get supremely uncomfortable. 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. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. Available for both RF and RM licensing. In addition to a more robust web presence, Texas Monthly has introduced new podcasts and new live events such as Texas Monthly LIVE and the annual EDGE: The Texas Monthly Festival. Support responsible news and fact-based information today! Scott B. She can help strengthen the magazine without needing it to be a money maker. And she intends to provide them., She wants to own it forever, added Brown. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. Breadcrumb. Dave Rossman, freelance / For the Chronicle. Heres what you need to know. Back home, Duncan was breezing through school. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. 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. She is the Chairwoman of Enterprise's board of directors. Learn More on Enterprise Products Partners' active insiders. Duncan had four adult children, each of whom is also a billionaire. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. Enterprise is Mont Belvieus biggest player. 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. They have looked at the business through every lens. Williams is now in the company of other wealthy citizens who boast legacy media crown jewels in their holdings, including: The sale is the latest in a line of transactions in which a wealthy citizen swoops in to snatch up a venerate and often faltering brand. The four siblings are tied for the second wealthiest people in Houston. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. The companys annual sales are around $28 billion. The amount paid for what is called the National Magazine of Texas wasn't disclosed. "What's unique, besides your assets and staff, is your relationships. 2010 - present. It made for tough times for Duncan, whose business philosophy was all about growing the company. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. 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. I especially enjoy the longform storytelling that has helped earn the magazine fourteen National Magazine Awardsthe industrys equivalent of an Oscarover its 46-year history. Information on this page was last updated on 12/27/2022. Williams earned a Bachelor's Degree from Rice University. ", Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten, New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI, "10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly", "Texas Monthly gets new ownership, again", Forbes: The World's Billionaires - Randa Williams, https://en.wikipedia.org/w/index.php?title=Randa_Williams&oldid=1108418741, American businesspeople in the oil industry, Creative Commons Attribution-ShareAlike License 3.0, holding an 8% stake in Enterprise Products, This page was last edited on 4 September 2022, at 08:21. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. A Right-wing Cabal Took Over Odessas Municipal Government. 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 Basses hold down the No. 9. The net worth of Fort Worth billionaire Alice Walton, the only daughter of Walmart founder Sam Walton, accounts for a little over one-fourth of the family fortune. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. "The one who seemingly came out of nowhere.". In his later years, his drive to succeed turned to the philanthropic world. Submit a correction suggestion and help us fix it! 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. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner 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. The net worth of each heir exceeds $5 billion. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. He liberated airlines and trucking and enabled the 1980s-1990s boom. 1This 123-Day Report of Registration for apresidential general election is the second report of its kind; therefore, its data is being compared to the first 124-Day Report of Registration on July 7, 2016, and the 154Day Reports of . He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. Hints and clues to help you with today's Wordle. She and her 3 siblings each hold an 8% stake in the family business. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. The Director DefendantRanda Duncan Williams, O.S . By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. EPCO, Texas Monthlys new parent company, also owns various commercial real estate and ranching ventures, as well as a substantial stake in Enterprise Products Partners. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. 14. I . One of those people was Williamsthough she had not been one of the early suitors. Are ticket costs pricing Houston Astros fans out of Opening Day? [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. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. 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.