She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. Where does she come from? She inherited $3.1 billion upon the death of her father. Related by financial asset: Enterprise Products Partners L.P. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. In its 2020 budget year, Walmart racked up revenue of $524 billion and the company continues to rack up riches for heirs of the retail giants founders. Lawyer, environmental consultant. Prior to that, she served as managing editor of Poynter.org. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Please visitwww.enterpriseproducts.comfor more information. Her role is complex, but the novice actor handles everything thats asked of her extremely well. She can help strengthen the magazine without needing it to be a money maker. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. Alice Walton isnt the only Texan whos a member of the Walton dynasty. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. 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. 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. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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. Randa Duncan Williams Vice President 1996 - present. He later became one of the largest pipeline operators in the United States. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. The handoff of ownership becomes official June 30. 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. 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. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. It's receiving that's harder. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. 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. Insiders at Enterprise Products Partners own 32.6% of the company. 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. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. His nice guy look hides the type of person his character truly is. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. 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. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. 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. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. Slowly but surely she falls for him, even though part of her knows the situation feels off. Copyright 2022. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. According to its website, it has a, Dr. Patrick Soon-Shiong, the Los Angeles Times, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. 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). INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. 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. Can College Sports Get More Absurd Than SMU Joining the Pac-12? 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. The Director DefendantRanda Duncan Williams, O.S . (Dave Rossman/For the Chronicle). Handout / Texas Monthly Show More Show Less 2 of 11. She also serves on the governance and capital projects committees. 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. Since the Baylor gifts and the Forbes. Their net worth: $247 billion. Williams earned a Bachelor's Degree from Rice University. Above you can find out the answers to those questions and more. time of the 2009 Sale, by Duncan and members of his family. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. Learn More on Randa Duncan Williams' trading history. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. But they don't attend many functions on Houston's social circuit. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . 2010 - present. Are insane ticket costs pricing Astros fans out of Opening Day? In the last year, Enterprise Products Partners insiders bought shares 6 times. Theyre not looking at it that way. 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. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. She was made chairwoman in 2013. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. This is a carousel. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. The next summer, he began traveling to visit his father wherever he was working. That requires resources. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. "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. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Profession. At 230 metres it is longer than two American football pitches combined (eight basketball courts). The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. 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. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. Duncan's rise didn't come without struggles. "I was enthralled by their vivid descriptions. Support responsible news and fact-based information today! 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. Hobbys group paid $25 million for the magazine in 2016. Williams holds a bachelors degree from Rice University and a J.D. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. While 2020 has been a nightmare financially for many, some locals have cashed in. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. He was only half kidding. Top party schools in every state. 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. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. Mimi Swartz is a staff writer based in Houston. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Members of St. Theresa Catholic Church in Memorial Park, the couple say they're shy, more comfortable working behind the scenes than in the limelight. Her father, Dan Duncan, was the co-founder of Enterprise Products. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. 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. Duncan can sneak up on you. Barbara Allen is the director of college programming for Poynter. She received . She and her 3 siblings each hold an 8% stake in the family business. "I tell them no. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Details of the transaction werent made public. One example is Houstons Duncan family, with a net worth of $22 billion, who once again appear on the annual Forbes ranking of America's richest families. He was a low profile billionaire in a profitable but unsexy business. He's taken more than 360 different species, including the Grand Slam of Sheep (the Dall, Stone, Desert and Rocky Mountain Bighorn) and the Big Five of Africa (elephant, rhinoceros, Cape buffalo, leopard and lion, considered the continent's most dangerous animals), both rare achievements. Joe M. Bailey 1996 - present. 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. Back home, Duncan was breezing through school. 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. They have one child. [4], In 2019, she purchased Texas Monthly'. Leave them blank to get signed up. 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. 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. Hints and clues to help you with today's Wordle. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Unflappable and approachable, he strives for deals that benefit both parties and bases his business philosophy on his grandmother's motto of "Do the best you can every day." $2.5 billion, according to our most recent tally. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner Seaman Treasurer 1996 - present. New Democratic Party. 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. 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. 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). 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 one who seemingly came out of nowhere.". But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. The four siblings are tied for the second wealthiest people in Houston. 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. One of those people was Williamsthough she had not been one of the early suitors. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. Are ticket costs pricing Houston Astros fans out of Opening Day? Forbes recently listed Williams as the ninth wealthiest person in Texas. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. 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. [5][6], Williams is a member of the board of trustees for the Houston Zoo, was a member of the board of trustees for the Houston Museum of Natural Science since 1995 and its chairman. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. 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. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). The Basses hold down the No. 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. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. 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." Learn More on Randa Duncan Williams' trading history. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Get the Poynter newsletter that's right for you. 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). Shes very well read, independent-minded and proud of her Texas heritage.. I . We are also proud ambassadors of the uncompromising Grenadier 4X4. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Williams is the only one of four. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. In Palm Trees and Power Lines, Lea (Lily McInerny) is a 17-year-old girl on summer break in Southern California, spending her days lying out in the sun and hanging out with her best friend, Amber (Quinn Frankel), among others. In 2018, according to the Forbes 400, Williams, along with two of her siblings. 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. [3] Due to a temporary repeal in the estate tax law for the year 2010, Duncan became, along with her siblings, one of the first American billionaires to pay no estate tax since its enactment. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. ("Dub") Andras, Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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.
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