But, for some, Williams might not be a household name. 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. 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. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. Enterprise went public in 1998, creating a master limited partnership, and began making monster transactions $7 billion worth in the next six years when some big companies ran into post-Enron financial trouble and needed to dump some midstream assets. Randa duncan williams hi-res stock photography and images - Alamy 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. Like her daddy, she prefers to keep a low profile. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. PDF REGISTRATION BY POLITICAL PARTY - California Submit a correction suggestion and help us fix it! Scott B. New billionaire owner of Texas Monthly prefers background Based on Enterprise's proxy statement for the deal, the reporter calculated that "this fellow Dan Duncan" had a net worth of more than $4 billion, good for 40th in the magazine's annual ranking of wealthiest Americans. "The 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. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. She can treat it more like a non-profit. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. Like her father, Randa stays out of the spotlight. Duncan was the first overall pick in the 1959 NFL Draft by the Green . But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. 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. 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. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. We use cookies to make sure you get the most from our website. Barbara Allen is the director of college programming for Poynter. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. She joined the company in 1994 and took on the roles of president and CEO in 2001. Duncan's rise didn't come without struggles. 2023 Forbes Media LLC. If youve been thirsty for a legitimately huge UFC pay-per-view event, one that bridges the gap between casual mixed martial arts fans and the hardcore, there is one on the doc for Saturday night at the T-Mobile Arena in Las Vegas. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. "The one who seemingly came out of nowhere.". Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. Williams earned a Bachelor's Degree from Rice University. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. Use our Product finder instead. As new forms of digital media have changed consumer habits and upended the advertising industry, many traditionally print-based publishing businesses have shut their doors, downsized, or consolidated. When 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). Joe M. Bailey 1996 - present. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. The children Dannine Avara, Scott Duncan, Milane Frantz, and Randa Williams inherited a tax-free $10 billion share of their father's estate following his death in 2010, when the so . 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. 16 / 25. Stock photos, 360 images, vectors and videos Mimi Swartz is a staff writer based in Houston. The four siblings are tied for the second wealthiest people in Houston. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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 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. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. 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. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. Truth be told, there's little left for Duncan to pursue. He was only half kidding. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Dan Duncan, who died in 2010, left the fortune he amassed as the co-founder and chairman of Enterprise Product Partners to his four children, Dannine Avara, Scott Duncan, Milane Frantz and Randa Williams. He liberated airlines and trucking and enabled the 1980s-1990s boom. Available for both RF and RM licensing. Both his first and second wife succumbed to cancer. [8], She lives in Houston with her husband, and they have one child.[7]. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. 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. For example, preservation of food and clean water; construction of wind turbines, solar panels and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications. He later became one of the largest pipeline operators in the United States. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . Texas Monthly should be in good hands under her stewardship, Stein said. We know that Randa's political affiliation is unknown . By the time she discovers the truth about Toms life, it may be too late to go back. Learn More on Enterprise Products Partners' active insiders. For the second time in less than three years, Texas Monthly has a new owner. Randa Williams - Biography TikTok Is Banking On Project Texas to Avoid a U.S. Ban. Randa is the only one of Dan Duncan's children still involved in the family business. 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. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent. 11 on the Forbeslist.). 14. 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Dannine Avara - Forbes With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. Robert is the wealthiest of the foursome. Learn More on Randa Duncan Williams' trading history. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). 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 . She had strong opinions about things.. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. 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. The next summer, he began traveling to visit his father wherever he was working. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. 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. Duncan family - Forbes The thing is, Duncan's story is epic stuff: self-made man who started his company with $10,000 and a trailer-truck; visionary new breed of oilman who carved out a niche that changed the industry; big game hunter who's stalked prey on six continents; record-setting philanthropist; cancer survivor. Levy sold the. 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. Randa Duncan Williams Net Worth & Insider Trades If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. 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. 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. 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. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Site designed and developed by The MTM Agency. She can help strengthen the magazine without needing it to be a money maker. Williams holds a bachelors degree from Rice University and a J.D. Thanks to a routine annual physical required by banks "When you owe millions of dollars, they worry about your health," he said it was caught early and, after radical surgery with a nerve-sparing technique, he made a full recovery. Dave Rossman, freelance / For the Chronicle. 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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. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. Prior to that, she served as managing editor of Poynter.org. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. She was elected as a board director in 2010 and as chairman in 2013. It wasn't long before it was just the two of them. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. Above you can find out the answers to those questions and more. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. Are insane ticket costs pricing Astros fans out of Opening Day? The terms of the sale were not . "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. Houston billionaire buys Texas Monthly, promising to invest and Palm Trees and Power Lines opens on March 3 in select theaters. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. 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. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. In his later years, his drive to succeed turned to the philanthropic world. The experience and those of his loved ones made a lasting impression. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. They have looked at the business through every lens. Forbes also ranks her as tied for the 290th richest person in the world. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon 1 most stressful city for U.S. workers, To get these special tacos, drive out to the Houston Ship Channel, Principal fired for reading 'I Need a New Butt!' Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . 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 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. 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. Outside Spending Groups. 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. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Insiders at Enterprise Products Partners own 32.6% of the company. 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. A Right-wing Cabal Took Over Odessas Municipal Government. 25 Richest Families in America | Stacker 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. Related by financial asset: Enterprise Products Partners L.P. Duncan's other secret was his dedication, a work ethic evident by his plan "to keep doing this until they carry me out in a box." Fleeing for Your Life? His father, an itinerant pipeliner, died of leukemia when Duncan was 17. However, the publication last changed hands in 2016 for $25 million. 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. 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. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. 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. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. Slowly but surely she falls for him, even though part of her knows the situation feels off. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner New Democratic Party. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. She joined Enterprise in 1994 as vice president. Theres a party going on deep in the heart of Texas. Reflects change since 5 pm ET of prior trading day. 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). Williams is a well-known philanthropist who contributes to numerous Houston-based charities. 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. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. She and her 3 siblings each hold an 8% stake in the family business. 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. My signaling was always, Lets complete the process of change first. Early this year, he said, the company retained Goldman Sachs to assist in a potential sale and identified multiple potential bidders who could be good stewards of the brand for the long term. 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.

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