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. 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. 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. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. Randa Duncan Williams has a net worth of $7.2 billion. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. Hints and clues to help you with today's Wordle. We use cookies to make sure you get the most from our website. 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. Lawyer, environmental consultant. City Employees Are Heading for the Exits. Order books are now open for Europe and other key launch markets. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 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. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. 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. It made for tough times for Duncan, whose business philosophy was all about growing the company. The terms of the sale were not . New Democratic Party. Midstream operations, so-called because they involve the transportation, processing and storage of oil and gas, aren't as flashy as punching holes in the ground. Within a year, Enterprise completed the first facility of its now-mammoth complex near the salt domes at Mont Belvieu, 25 miles east of Houston. "Giving to the community is a way to make a difference. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". Mimi Swartz is a staff writer based in Houston. 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 . Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. It will also be available on VOD for home viewing. 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. Handout / Texas Monthly Show More Show Less 2 of 11. 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. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. "I certainly never expected him to become a billionaire.". Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. All rights reserved. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. Major Williams Republican Democratic Los Angeles 2012-2022 Orange 2012-2022 Orange 2021-2022 2012-2021 San Diego 2018-2022 Sonoma 2012-2018 Lassen 2012-2022 . 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). Texas Monthly should be in good hands under her stewardship, Stein said. 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. New billionaire owner of Texas Monthly prefers background Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. That's what makes me emotional.". Enterprise Products Partners can also be reached via phone at (713) 381-6500 and via email at [emailprotected] Learn More on Randa Duncan Williams' contact information. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. 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. For the second time in less than three years, Texas Monthly has a new owner. 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. He liberated airlines and trucking and enabled the 1980s-1990s boom. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. 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. Barbara Allen is the director of college programming for Poynter. Profession. 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. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . I . The next summer, he began traveling to visit his father wherever he was working. She loves Texas Monthly as much as anybody ever did. 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. Randa Williams lives in Houston, TX; previous city include La Porte TX. "Major companies wanted to do business with companies with significant assets. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. . 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. 10 things to know about Randa Duncan Williams, the Houston - Chron [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. 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. Fire Ants Have Unleashed Chaos in Texas for Decades. Learn More on Enterprise Products Partners' active insiders. The breakthrough started in the late '90s. The Breakfast Klub sues prominent City Hall consultant for fraud, Texas wants to ban delta-8, but veterans are pushing back, Exclusive: Abbott explains push against diversity hiring programs, Lauren Daigle at Houston Rodeo: 'God always has your number', Galveston gets fourth Carnival Cruise Line, UH, Texas A&M removing DEI statements from hiring practices, Man dead, person arrested after suspected homicide in League City, 1960s River Oaks strip center to be replaced by luxe apartments, Houston is the most stressful city to work in, says new study, Houston battery recycling startup ACE partners with China's GGE, CERAWeek is growing with Houstons energy industry, Business calendar of upcoming events in the Houston area, New tech will help you and Siri, Google and Alexa work better. A Texas history buff owning a magazine about Texas seems like a natural fit. So, who is she? When he was 3 1/2 , his mother came down with tuberculosis. 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. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. 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!' And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . 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. 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. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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!' She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Two and a half years after the award-winning publication was sold to Genesis Park, the Houston-based private equity firm founded by Paul Hobby, it has been purchased by Texas Monthly, LLC, a newly formed affiliate of Enterprise Products Company (EPCO), a privately held firm also based in Houston. Medicine and education are Duncan's pet causes. As she recalls the scene, Duncan jokes, "Great line.". Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. Its rattlesnake season in Texas. 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. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. 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. Randa Duncan Williams - Forbes 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. Her role is complex, but the novice actor handles everything thats asked of her extremely well. Both his first and second wife succumbed to cancer. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . 3rd party / other. 2010 - present. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. 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. Houston pipeline heirs strike it rich as wealthiest family in Texas Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 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. Randy Duncan - Wikipedia By the time she discovers the truth about Toms life, it may be too late to go back. What Randa wants to bring is an acceleration of those investmentsto make the print magazine better than ever and extend that same level of excellence in storytelling across other platforms. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. They have looked at the business through every lens. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. "I was enthralled by their vivid descriptions. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. In person, the 73-year-old Duncan hardly fits the billionaire image. 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. (Dave Rossman/For the Chronicle). from the University of Houston. The net worth of each heir exceeds $5 billion. "He was smart, but I remember him mostly as an outstanding person nice, very well-liked, impeccably behaved," said Yvonne Wedgeworth, a high school classmate who still lives in Center. Randa Williams - Wikipedia [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. She also serves on the boards of trustees for numerous charitable organizations. 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. Support responsible news and fact-based information today! "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". PACs. 9. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. They purchased a total of 65,350 shares worth more than $1,573,730.50. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. I especially enjoy the longform storytelling that has helped earn the magazine fourteen National Magazine Awardsthe industrys equivalent of an Oscarover its 46-year history. On his first date with Jan, six months after Billie's death, Duncan spoke of how he loved to be married, how he would still be married if his wife hadn't died. 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. Each has an estimated net worth of $6.2 billion. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Randa duncan williams hi-res stock photography and images - Alamy Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. But, for some, Williams might not be a household name. Details of the transaction werent made public. 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. Duncan said he didn't dwell on his grief in those days, he explains, a young child's concept of life and death wasn't what it is now. 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. She was elected as a board director in 2010 and as chairman in 2013. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. On the road frequently in the early years, he still puts in 70- to 100-hour weeks when putting together a deal and admits his life's only regret is not spending more time with his four children. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. 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. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. A graduate of the University of California at Los Angeles, he previously worked for the Raleigh News & Observer, the National Catholic Register, the Los Angeles Downtown News and the San Clemente Sun-Post. Randa Duncan Williams Net Worth & Insider Trades Use our Product finder instead. In 1995, Duncan waged his own battle with prostate cancer. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. Alice Walton isnt the only Texan whos a member of the Walton dynasty. 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. 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. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . 30 spot with a net worth of $10.8 billion. It also is a story full of tragedy. She can help strengthen the magazine without needing it to be a money maker. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. And how much money does she have, anyways? 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. Dave Rossman, freelance / For the Chronicle. 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 Vice President 1996 - present. Their net worth: $247 billion. Williams holds a bachelors degree from Rice University and a J.D. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Both Goodgame and Brown expressed great hopes for the companys future under Williams. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". 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 is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million.