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She was named executor of her fathers estate when he died. 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. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. It wasn't long before it was just the two of them. The Campaign to Sabotage Texass Public Schools. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. 18 on the Forbes list with a net worth of $15.5 billion. Like her daddy, she prefers to keep a low profile. They have looked under every rock. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. 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). 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. The amount paid for what is called the National Magazine of Texas wasn't disclosed. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. All Rights Reserved. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Enterprise is Mont Belvieus biggest player. The handoff of ownership becomes official June 30. the Texanist, is a staff writer. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. 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). Randa Williams lives in Houston, TX; previous city include La Porte TX. 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. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. We use cookies to make sure you get the most from our website. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Randa enjoys the highest profile among the four Duncan siblings. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. Three months later, the TB claimed his mother. 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. "I certainly never expected him to become a billionaire.". his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. The EIN for the organization is 59-1630423. Theyre not looking at it that way. Lawyer, environmental consultant. 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 . Both individuals are Houstonians. In the last year, Enterprise Products Partners insiders bought shares 6 times. People in the industry say he has no ego. They have one child. 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. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. 14. His nice guy look hides the type of person his character truly is. They purchased a total of 65,350 shares worth more than $1,573,730.50. At No. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Duncan was part of an illustrious Houston philanthropic . Weve got somebody who understands that whats required here is patient capital, Goodgame said, someone whos not looking at this as the best risk-adjusted ROI on their next dollar. 16 / 25. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Are ticket costs pricing Houston Astros fans out of Opening Day? 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. 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. Barbara Allen is the director of college programming for Poynter. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. The experience and those of his loved ones made a lasting impression. Joe M. Bailey 1996 - present. Support responsible news and fact-based information today! 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. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. It made for tough times for Duncan, whose business philosophy was all about growing the company. 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,. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Even during the evilest (aka most devastatingly effective) moment of the film, he never raises his voice or threatens Lea in any way, which somehow makes the aftermath even worse. 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. David Courtney, a.k.a. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. Two and a half years after the award-winning publication was sold to Genesis Park, the Houston-based private equity firm founded by Paul Hobby, it has been purchased by Texas Monthly, LLC, a newly formed affiliate of Enterprise Products Company (EPCO), a privately held firm also based in Houston. 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. 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. After Wanda was sold in 1968, Duncan decided to go out on his own. 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. Leave them blank to get signed up. He was only half kidding. So, who is she? Dave Rossman, freelance / For the Chronicle. Theres An App for That. 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. They have looked at the business through every lens. PACs. Forrest Wilder writes about politics and the outdoors. | Peter.Dawson@chron.com | NEWS WHEN YOU NEED IT: Text CHRON to 77453 to receive breaking news alerts by text message | Sign up for breaking news alerts delivered to your email here. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. 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. 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. Forbes also ranks her as tied for the 290th richest person in the world. 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. 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. Related by financial asset: Enterprise Products Partners L.P. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. 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. The current estimated net worth of Enterprise. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. ./Wednesday, Feb. 18, 2009, in Houston. 1 of 11. 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. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. 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 . Randa Duncan Williams and her husband live in Houston, of course. In 1995, Duncan waged his own battle with prostate cancer. Shes highly engaged and not a passive donor, he said, not just throwing money at a cause without knowing the specifics of how it will be allocated. 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. Randa Williams is marred to her husband, Charles A. Williams. 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. Randa Duncan Williams has a net worth of $7.2 billion. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. She can help strengthen the magazine without needing it to be a money maker. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. 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. A Right-wing Cabal Took Over Odessas Municipal Government. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. She received . 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. 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. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. 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. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. 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. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. 11 on the Forbeslist.). By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. 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. The next summer, he began traveling to visit his father wherever he was working. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. She and her 3 siblings each hold an 8% stake in the family business. If I did it over, I'd never be this lucky again.". 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. "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. 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. 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. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. It also is a story full of tragedy. He was dead in a week. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. Dan Duncan needs no reminder. Use Next and Previous buttons to navigate. Available for both RF and RM licensing. Above you can find out the answers to those questions and more. She previously served on the board of directors of Encore Bancshares. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. 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. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. Outside, 20 species of native and exotic game roam the 5,000-acre spread named the Double D. Duncan's passion for hunting dates to boyhood jaunts for small game in East Texas, but it reawakened in his mid-30s, after a trip to New Mexico to hunt Rocky Mountain elk. 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. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. 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. Learn More on Randa Duncan Williams' contact information. Insiders at Enterprise Products Partners own 32.6% of the company. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. 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. But, for some, Williams might not be a household name. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". Site designed and developed by The MTM Agency. Williams earned a Bachelor's Degree from Rice University. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. 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. Are insane ticket costs pricing Astros fans out of Opening Day? Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. >>> Scroll through to see which other Houstonians made the list. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Palm Trees and Power Lines is not an easy film to watch, and it often goes in directions that viewers may not want to believe. 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. That's what makes me emotional.". The net worth of each heir exceeds $5 billion. Author John Graves Was a Literary Godfather to Texas Monthly, Red McCombs Turned Old San Antonio on Its Head, Attorney General Ken Paxton Agrees to Apologize and Pay $3.3 Million to Whistleblowers, Running Into Fire: The Legacy of Jeff Blackburn. book to class, Oops! This is a carousel. She and her 3 siblings each hold an 8% stake in the family business. "The thing about Dan is that he's so down-home and humble that when you first meet him, it'd be easy to get the impression he's just one of the guys," said Bill Waldheim, president of Duke Energy Field Services, one of Duncan's competitors. 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. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. 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. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . Williams is the only sibling involved in running the family business. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. If you earn people's trust, you'll receive the first call when they want to make a deal.". 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. He later became one of the largest pipeline operators in the United States. Randa is Duncan's eldest child, at 57. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). INEOS is a Registered Trademark, the property of INEOS Capital Limited. 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/For the Chronicle). She's very well read, independent-minded and proud of her Texas heritage.". book to class, Oops! from the University of Houston. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. Reflects change since 5 pm ET of prior trading day. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. She is the Chairwoman of Enterprise's board of directors. By the time she discovers the truth about Toms life, it may be too late to go back. Like her father, Randa stays out of the spotlight. The companys annual sales are around $28 billion. 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. Shes very well read, independent-minded and proud of her Texas heritage.. Randa enjoys the highest profile among the four Duncan siblings. Linda Francis Duncan (born June 25, 1949) is a Canadian lawyer and politician, and former Member of Parliament for the riding of EdmontonStrathcona in Alberta.