As of February 9, 2023 What is Randa Duncan Williams's Net Worth? At No. 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 . Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. 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. Looking for a product? To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. 13. 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 Williams Duncan enjoys the highest profile among Houston's richest family. 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. 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. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Like her father, Randa stays out of the spotlight. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. He was dead in a week. It made for tough times for Duncan, whose business philosophy was all about growing the company. Political party. In 1995, Duncan waged his own battle with prostate cancer. 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. The net worth of each heir exceeds $5 billion. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. Scott B. Enter your email address below to get our daily insider buying and selling report. 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. A week later, he became ill with fever and chills. Duncan was part of an illustrious Houston philanthropic . Learn More about insider trades at Enterprise Products Partners. It's receiving that's harder. If I did it over, I'd never be this lucky again.". Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. We know that Randa's political affiliation is unknown . In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. 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. They just do it in many different ways today. 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. Ann Walton Kroenke, one of the two daughters of Bud Walton, lives on a 535,000-acre ranch about 50 miles northwest of Wichita Falls. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. 9. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. 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. 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. Heres what you need to know. 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). His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. 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. 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. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . 18 on the Forbes list with a net worth of $15.5 billion. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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. 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. "Major companies wanted to do business with companies with significant assets. Can College Sports Get More Absurd Than SMU Joining the Pac-12? FC Barcelona head coach Xavi Hernandez and president Joan Laporta are not currently seeing eye to eye on the potential sale of misfit winger Raphinha this summer, according to reports. Donald Trumps real net worth? The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon 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. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. While 2020 has been a nightmare financially for many, some locals have cashed in. Enemies are nowhere to be found. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. 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. 1 of 11. Duncan's rise didn't come without struggles. Business & Economy; 25 richest families in America . Since the Baylor gifts and the Forbes. 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. Are ticket costs pricing Houston Astros fans out of Opening Day? The next summer, he began traveling to visit his father wherever he was working. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. For the second time since 2016, Texas Monthly magazine is getting a new owner. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large oil storage facility on the Gulf Coast. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. The family fortune has more than doubled . The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. "Giving to the community is a way to make a difference. Both his first and second wife succumbed to cancer. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. By 1973, it was a $3 million company. Randa Duncan Williams and her husband live in Houston, of course. 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. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. 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. Fleeing for Your Life? "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. June 25, 2019 35 Texas Monthly magazine has a new owner. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. 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. . The companys annual sales are around $28 billion. And You Thought Feral Hogs Were Bad. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. After Wanda was sold in 1968, Duncan decided to go out on his own. 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. Why Does He Get to Make That Call? Submit a correction suggestion and help us fix it! Forbes recently listed Williams as the ninth wealthiest person in Texas. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. 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. She and her 3 siblings each hold an 8% stake in the family business. Palm Trees and Power Lines opens on March 3 in select theaters. Chart Data in Insider Trading History Table. Print ad revenue has declined in the same period. Prior to that, she served as managing editor of Poynter.org. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Randa Duncan Williams, a Houston billionaire and philanthropist. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . (The Duncans come in at No. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. 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. The Basses hold down the No. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Williams earned herJuris Doctorate from the University of Houston College of Law. (Dave Rossman/For the Chronicle). Outside Spending Groups. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. 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. After a stint in the Army in the mid-1950s he was stationed in Germany doing radio communications Duncan moved to Houston and went back to school. ", Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten, New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI, "10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly", "Texas Monthly gets new ownership, again", Forbes: The World's Billionaires - Randa Williams, https://en.wikipedia.org/w/index.php?title=Randa_Williams&oldid=1108418741, American businesspeople in the oil industry, Creative Commons Attribution-ShareAlike License 3.0, holding an 8% stake in Enterprise Products, This page was last edited on 4 September 2022, at 08:21. Williams holds a bachelors degree from Rice University and a J.D. Additionally, she sits on the board of the University of Texas Health Science Center. One of those people was Williamsthough she had not been one of the early suitors. 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. 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). Williams was quoted in a release as saying, My family is delighted to provide the resources to support this iconic Texas institution which is nationally recognized for its editorial flair.. She can treat it more like a non-profit. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. 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. New Democratic Party. 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. 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. 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. She loves Texas Monthly as much as anybody ever did. Learn More on Randa Duncan Williams' trading history. 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. 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. 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. 2023 Celebrity Net Worth / All Rights Reserved. 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. We use cookies to make sure you get the most from our website. 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." Hunt, sit at No. Duncan had four adult children, each of whom is also a billionaire.
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