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. They have looked at the business through every lens. The next summer, he began traveling to visit his father wherever he was working. The net worth of each heir exceeds $5 billion. He was right. 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. 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. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. 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. Enterprise Products Partners has a market value of $63 billion. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. The handoff of ownership becomes official June 30. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. 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). INEOS is a Registered Trademark, the property of INEOS Capital Limited. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Texas Monthly has a new owner. Reflects change since 5 pm ET of prior trading day. She and her 3 siblings each hold an 8% stake in the family business. She joined the company in 1994 and took on the roles of president and CEO in 2001. All Rights Reserved. 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. 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. 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. The gift dwarfed any previous donation to the Texas Medical Center. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. 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 . Leave them blank to get signed up. Copyright 2022. Learn More on Enterprise Products Partners' active insiders. Shes very well read, independent-minded and proud of her Texas heritage.. 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. 9. So, who is she? Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. He liberated airlines and trucking and enabled the 1980s-1990s boom. 1 of 11. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. Handout / Texas Monthly Show More Show Less 2 of 11. Her role is complex, but the novice actor handles everything thats asked of her extremely well. In person, the 73-year-old Duncan hardly fits the billionaire image. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. Enemies are nowhere to be found. Need to know more? She had strong opinions about things.. Alice Walton isnt the only Texan whos a member of the Walton dynasty. 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. 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. Whats Up With All the Kangaroos on the Loose in Texas? Seaman Treasurer 1996 - present. I knew about her passion for the brand, Hobby said, and it was a logical conclusion that she would be interested., From that point on, the sale process involved a rigorous review of the business by Williamss team, Brown said. Insiders at Enterprise Products Partners own 32.6% of the company. Duncan can sneak up on you. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. The breakthrough started in the late '90s. 8. 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. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . 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. Duncan was the first overall pick in the 1959 NFL Draft by the Green . 18 on the Forbes list with a net worth of $15.5 billion. 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. 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. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". 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. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. That's what makes me emotional.". Theres a party going on deep in the heart of Texas. book to class, Oops! Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. FC Barcelona head coach Xavi Hernandez has spoken more on his team's 'sensational' defensive performance against Real Madrid in the Copa del Rey semi-final first leg ahead of his team's clash with Valencia in La Liga on Sunday. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. David Courtney, a.k.a. Written and directed by Jamie Deck, with help from co-writer Audrey Findlay, the film is profoundly difficult to watch, as viewers are witness to a slow-motion train wreck that they are powerless to stop. 2010 - present. 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. 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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Randa Williams Duncan enjoys the highest profile among Houston's richest family. 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. Political party. Randa Duncan Williams Vice President 1996 - present. 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. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . 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,. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. As she recalls the scene, Duncan jokes, "Great line.". News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 3rd party / other. 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. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. West Texans Are Learning What It Means to Live in Bear Country, H-E-Bs True Texas BBQ Restaurant Is Slipping, How Florence ButtNot Her SonLaunched the H-E-B Empire. "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. Dan Duncan founded Enterprise Products Partners in 1968. "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. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. 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.. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. 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. Peter Dawson is a digital reporter in Houston. A Right-wing Cabal Took Over Odessas Municipal Government. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. 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. 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. Named after the rugged off-road vehicle, the Pacific INEOS Grenadier is a 99,000 CBM VLEC (Very Large Ethane Carrier) and is the latest ship to join the INEOS fleet. When she gives money, shes selective and wants to ensure it will be spent appropriately. 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). Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. A week later, he became ill with fever and chills. 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. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . 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. Stock photos, 360 images, vectors and videos 11 on the Forbeslist.). She can help strengthen the magazine without needing it to be a money maker. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. 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. 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. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. 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. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. Deck structures the film so that Lea is almost the perfect victim, someone whos alienated from those close to her and more than willing to accept someone who promises a type of escape. 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. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. (The Duncans come in at No. People in the industry say he has no ego. A graduate of the University of California at Los Angeles, he previously worked for the Raleigh News & Observer, the National Catholic Register, the Los Angeles Downtown News and the San Clemente Sun-Post. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. She was named executor of her fathers estate when he died. Paul Klotman, M.D. We use cookies to make sure you get the most from our website. 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. Almost by definition, Enterprise seemed destined to stay under the radar. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. Forbes says the stock generates more than $700 million in annual dividend income for the family. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. 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 . 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. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. Avara's sister Randa Duncan Williams is the only . 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). 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. Randa Williams lives in Houston, TX; previous city include La Porte TX. 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. The journalistic integrity and quality for which Texas Monthly is known will remain unchanged as we build upon what Genesis Park has done over the past two years., Hobby praised Williams as a quiet, smart, and decisive leader. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. PACs. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". He was dead in a week. Barbara Allen is the director of college programming for Poynter. 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. 2023 Forbes Media LLC. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. He later became one of the largest pipeline operators in the United States. 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. Duncan was part of an illustrious Houston philanthropic . 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. New Democratic Party. 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. He also gave $35 million to Baylor's new outpatient clinic and $10 million to the Children's Learning Institute at the University of Texas Health Science Center at Houston to create a neurodevelopmental clinic. Theres An App for That. A major philanthropist like her father, she has focused much of her giving on medicine, education, the arts and cultural institutions, such as the Houston Zoo and the Houston Museum of Natural Science. Enterprise was sailing along in the early 1980s with more than $350 million of assets (including those of the just-purchased Wanda), when interest rates doubled. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. 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. Order books are now open for Europe and other key launch markets. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. 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. Are insane ticket costs pricing Astros fans out of Opening Day? "I tell them no. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. Levy sold the. 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. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. "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. In 1995, Duncan waged his own battle with prostate cancer. Mimi Swartz is a staff writer based in Houston. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". 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. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. 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 . from the University of Houston. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner [8], She lives in Houston with her husband, and they have one child.[7].