I . Please visitwww.enterpriseproducts.comfor more information. Robert is the wealthiest of the foursome. 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 . Enter your email address below to get our daily insider buying and selling report. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. 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. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. PDF REGISTRATION BY POLITICAL PARTY - California A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. 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. A week later, he became ill with fever and chills. Print ad revenue has declined in the same period. Her father Dan Duncan became the first American billionaire to pass his fortune tax-free to his descendants due to a temporary repeal of the estate tax law in 2010. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. But it's easy to give. "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. After Wanda was sold in 1968, Duncan decided to go out on his own. The net worth of each heir exceeds $5 billion. Randa Duncan Williams - Bloomberg Paul Klotman, M.D. Theres An App for That. The gas and oil company is still under family control. Texas Monthly's New Owner - Texas Monthly Seaman Treasurer 1996 - present. 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. The gift dwarfed any previous donation to the Texas Medical Center. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. People in the industry say he has no ego. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Randa Duncan Williams - Political - LittleSis "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. 1 of 11. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. "What's unique, besides your assets and staff, is your relationships. 2023 Forbes Media LLC. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. But they don't attend many functions on Houston's social circuit. book to class, Oops! About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Handout / Texas Monthly Show More Show Less 2 of 11. This website is published by INEOS on behalf of its businesses. For the second time since 2016, Texas Monthly magazine is getting a new owner. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Sec Form 4 We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Can College Sports Get More Absurd Than SMU Joining the Pac-12? While 2020 has been a nightmare financially for many, some locals have cashed in. Theyre not looking at it that way. 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. 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. Randy Duncan - Wikipedia The current estimated net worth of Enterprise. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. While the privately held magazine doesnt publicly discuss its finances, Goodgame said the last few quarters were spent taking this great storytelling brand and extending it from print, which is still very important to us but we want to take that same storytelling out to the newer platforms where audience is growing, and where revenue is growing, and where Texans want to get their storytelling these days.. 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. Lawyer, environmental consultant. 25 Richest Families in America | Stacker Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. In a business environment where journalists at many publications have become accustomed to hearing that theyll have to produce more content across more platforms with fewer resources, its great news, Goodgame said, that Williams aims to build on the work of Genesis Park and boost long-term investments in Texas Monthlys editorial staff, subscription marketing, and other key areas. 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. ("Dub") Andras, Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. 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. 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. 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. She joined Enterprise in 1994 as vice president. Investors are already flocking there for a chance at 1,000%+ returns. He thought that such a new business niche could make him a profitable living. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. 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. 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. 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. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . 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. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Houston billionaire buys Texas Monthly, promising to invest and Although they werent born into exorbitant wealth, Duncan Williams and her three siblings are tied as the second-wealthiest Houstonians with a net worth of more than $6 billion each, according to Forbes magazine. 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. Because she regularly had to check in to a sanatorium and his father was on the road, Duncan and his brother moved in with their grandmother, a nearly blind woman who instructed them in life's lessons the Golden Rule, the value of a day's work. . 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 and her 3 siblings each hold an 8% stake in the family business. Learn More on Randa Duncan Williams' trading history. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. They have looked at the business through every lens. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. 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. Randa Duncan Williams. For the second time in less than three years, Texas Monthly has a new owner. Joe M. Bailey 1996 - present. 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. 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. 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. 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. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Enemies are nowhere to be found. Mr John Lu, President of Pacific Gas said:We are delighted to deliver the Pacific INEOS Grenadier, the second of the largest VLECs in the world, as we extend INEOS ground-breaking ethane trading business. time of the 2009 Sale, by Duncan and members of his family. 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. He was dead in a week. 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. She inherited $3.1 billion upon the death of her father. His nice guy look hides the type of person his character truly is. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. 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 . Outside Spending Groups. Barbara Allen is the director of college programming for Poynter. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. Some brokers just had telephones.". She also serves on the governance and capital projects committees. He later became one of the largest pipeline operators in the United States. [4], In 2019, she purchased Texas Monthly'. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . PATRICK . 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. 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. 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.. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . Randa Duncan Williams - Forbes On this Wikipedia the language links are at the top of the page across from the article title. 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. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. 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. Forrest Wilder writes about politics and the outdoors. 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. Williams earned herJuris Doctorate from the University of Houston College of Law. Williams earned a Bachelor's Degree from Rice University. 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,. Business & Economy; 25 richest families in America . INEOS is a Registered Trademark, the property of INEOS Capital Limited. 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. 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). 9. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. 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. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". 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. Enterprise Products Partners LP Stock Ownership - WallStreetZen She's very well read, independent-minded and proud of her Texas heritage.". She previously served on the board of directors of Encore Bancshares. Chart Data in Insider Trading History Table. 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. 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. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. 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. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. In the last year, Enterprise Products Partners insiders bought shares 6 times. Both individuals are Houstonians. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). 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 received . 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. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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 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 . Enterprise Products Partners has a market value of $63 billion. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. As she recalls the scene, Duncan jokes, "Great line.". "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. Learn More on Randa Duncan Williams' trading history. Site designed and developed by The MTM Agency. About Us - The Houston Zoo All rights reserved. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . Each has an estimated net worth of $6.2 billion. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. 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. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. 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. City Employees Are Heading for the Exits. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Donald Trumps real net worth? After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. By 1973, it was a $3 million company. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. 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. 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. But, for some, Williams might not be a household name. 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). The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. At 230 metres it is longer than two American football pitches combined (eight basketball courts). But What Is It? 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. Profession. 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. Houston's richest man raises his profile - Chron Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. Sold! Randa Duncan Williams buys Texas Monthly, the latest - Poynter