Randa Williams is marred to her husband, Charles A. Williams. The net worth of each heir exceeds $5 billion. The Duncans estimate they throw 30 to 50 dinner parties a year there, many attended by a who's who of Houston's social and corporate elite. ./Wednesday, Feb. 18, 2009, in Houston. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. This is a carousel. 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. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . That requires resources. Charles Butt is chairman and CEO of the H-E-B grocery chain, based in San Antonio and parent company of Dallas-based Central Market. 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. from the University of Houston. Each has an estimated net worth of $6.2 billion. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. 14. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Robert is the wealthiest of the foursome. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. She is one of four children of the late oil billionaire and philanthropist Dan Duncan, who founded Houston-based Enterprise Products Partners, a publicly traded midstream energy company. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. On HoustonChronicle.com:Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, "I have been an avid Texas Monthly reader since I was a teenager," Williams, who will control the magazine through Enterprise Partners Co., said in a statement. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. It made for tough times for Duncan, whose business philosophy was all about growing the company. A Texas history buff owning a magazine about Texas seems like a natural fit. 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. All rights reserved. Williams earned a Bachelor's Degree from Rice University. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. Party affiliation of the mayors of the 100 largest cities She and her 3 siblings each hold an 8% stake in the family business. 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). She inherited $3.1 billion upon the death of her father. "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. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Political party. So, who is she? The partnerships assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Randa Duncan Williams Net Worth & Insider Trades Randa Williams lives in Houston, TX; previous city include La Porte TX. 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. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. 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. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. 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 next summer, he began traveling to visit his father wherever he was working. Randa Williams Duncan enjoys the highest profile among Houston's richest family. New billionaire owner of Texas Monthly prefers background [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. This is a carousel. "What's unique, besides your assets and staff, is your relationships. Randa Duncan Williams. Enterprise Products Partners has a market value of $63 billion. About Us - The Houston Zoo [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. 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. 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. She also serves on the governance and capital projects committees. 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 . Based in the Texas capital of Austin, Texas Monthly began publishing in 1973 under the leadership of Mike Levy, who sold it in 1998 to Indianapolis-based Ennis Communications. 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. Enemies are nowhere to be found. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. According to its website, it has a paid circulation of 300,000 and is read monthly by 2.1 million people, or one out of 10 Texas adults. Shes very well read, independent-minded and proud of her Texas heritage.. These 4 Houstonians cash in on Forbes' list of richest American 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. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. 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. 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. Built in Jiangnan, China and operated by Pacific Gas, the Pacific INEOS Grenadier ismade of approximately 18,000 tonnes of steel and 40,000 metres of piping. For the second time in less than three years, Texas Monthly has a new owner. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon Randa Duncan Williams - Director, Enterprise Products Partners Lp. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. When she gives money, shes selective and wants to ensure it will be spent appropriately. Peter Dawson is a digital reporter in Houston. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. 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. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Submit a correction suggestion and help us fix it! In 1995, Duncan waged his own battle with prostate cancer. Prior to that, she served as managing editor of Poynter.org. Report Date Eligible Voters2 Registered Voters Percent . 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. The Campaign to Sabotage Texass Public Schools. Sec Form 4 Fleeing for Your Life? Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. 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. Randa Duncan Williams and her husband live in Houston, of course. They just do it in many different ways today. 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. She loves Texas Monthly as much as anybody ever did. "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. 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. The Basses hold down the No. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. He was only half kidding. 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. The situation in which Lea finds herself is not one that is often confronted in movies, and by wallowing in the misery of it, its as if Deck is refusing to let viewers off the hook by letting them look away. Randa Williams - Biography Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. Seaman Treasurer 1996 - present. The terms of the sale were not . 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. 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. Top party schools in every state. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. If I did it over, I'd never be this lucky again.". 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. Both individuals are. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Lawyer, environmental consultant. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Did Enterprise dispute the amount? But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. The Duncan Family is the 21st-wealthiest family in the world, with a. The Grenadier 4X4 combines British spirit and design with German engineering rigour. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur.
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