Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . 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. Lawyer, environmental consultant. The Director DefendantRanda Duncan Williams, O.S . Three months later, the TB claimed his mother. Randa is the only one of Dan Duncan's children still involved in the family business. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. 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. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. Their net worth: $247 billion. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. 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 . 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. 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. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. The next summer, he began traveling to visit his father wherever he was working. That requires resources. 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. 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. 30 spot with a net worth of $10.8 billion. . Randa Duncan Williams - Bloomberg She can treat it more like a non-profit. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. Learn More about insider trades at Enterprise Products Partners. 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. Williams earned herJuris Doctorate from the University of Houston College of Law. Support responsible news and fact-based information today! Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Dave Rossman, freelance / For the Chronicle. The diligence process has been exhaustive, and they believe in Texas Monthly., Terms of the deal, which is set to close on June 30, 2019, were not disclosed. 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. Texas Monthly magazine sold to Enterprise Products affiliate led by Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. Theres a party going on deep in the heart of Texas. He was a low profile billionaire in a profitable but unsexy business. Breadcrumb. 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. 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." 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. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. Get the Poynter newsletter that's right for you. She spent two decades in, 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. 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. Robert is the wealthiest of the foursome. Slowly but surely she falls for him, even though part of her knows the situation feels off. Shes very well read, independent-minded and proud of her Texas heritage.. Randa enjoys the highest profile among the four Duncan siblings. 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. Sold! Randa Duncan Williams buys Texas Monthly, the latest - Poynter Randa Williams - Wikipedia Both individuals are. 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 . INEOS makes major $1.4 billion acquisition of US onshore oil and gas assets, INEOS Announces Closing of Offering of Senior Secured Notes Due 2028. David Courtney, a.k.a. We know that Randa's political affiliation is unknown . Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. When he was 3 1/2 , his mother came down with tuberculosis. Texas Monthly's New Owner - Texas Monthly 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. 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. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Insiders at Enterprise Products Partners own 32.6% of the company. 18 on the Forbes list with a net worth of $15.5 billion. 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. They have looked under every rock. She and her 3 siblings each hold an 8% stake in the family business. 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. 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. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. Hunt, sit at No. People in the industry say he has no ego. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. Randa Duncan Williams, a Houston billionaire and philanthropist. Can College Sports Get More Absurd Than SMU Joining the Pac-12? He was dead in a week. 1 of 11. Levy sold the. The gas and oil company is still under family control. This is a carousel. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Investors are already flocking there for a chance at 1,000%+ returns. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Randa Duncan was born to Barbara Ann and Dan Duncan. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. But, for some, Williams might not be a household name. Randa Duncan Williams Vice President 1996 - present. Duncan had four adult children, each of whom is also a billionaire. New billionaire owner of Texas Monthly prefers background The journalistic integrity and quality for which Texas Monthly is known will remain unchanged as we build upon what Genesis Park has done over the past two years., Hobby praised Williams as a quiet, smart, and decisive leader. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Randa Williams lives in Houston, TX; previous city include La Porte TX. Forrest Wilder writes about politics and the outdoors. It made for tough times for Duncan, whose business philosophy was all about growing the company. "The one who seemingly came out of nowhere.". By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. The handoff of ownership becomes official June 30. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. Duncan can sneak up on you. 10 things to know about Randa Duncan Williams, the Houston - Chron 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. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Donald Trumps real net worth? Randa enjoys the highest profile among the four Duncan siblings. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. 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. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". After Wanda was sold in 1968, Duncan decided to go out on his own. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Please visitwww.enterpriseproducts.comfor more information. Palm Trees and Power Lines opens on March 3 in select theaters. A week later, he became ill with fever and chills. Learn More on Randa Duncan Williams' trading 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. Both individuals are Houstonians. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. 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. The history of film is full of both real and fictional cautionary tales, showing how quickly someone can go from leading a relatively normal life to having their world completely turned upside down. 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. The vehicle was present as a guest of honour on the quayside as the ceremony took place. The Campaign to Sabotage Texass Public Schools. 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. 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. Some brokers just had telephones.". 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. 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. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. 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. 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. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Duncan was the first overall pick in the 1959 NFL Draft by the Green . Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Randy Duncan - Wikipedia Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. PDF Secretary of State - California Joe M. Bailey 1996 - present. June 25, 2019 35 Texas Monthly magazine has a new owner. Theyre not looking at it that way. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. The Grenadier 4X4 combines British spirit and design with German engineering rigour. In his later years, his drive to succeed turned to the philanthropic world. 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). Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast, Click here for the name of the one ticker you need. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. If I did it over, I'd never be this lucky again.". For the second time in less than three years, Texas Monthly has a new owner. They have looked at the business through every lens. Texas Billionaire Heiress Randa Duncan Williams Prefers To Stay Out Of 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. He was right. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Sec Form 4 Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. 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. The net worth of Fort Worth billionaire Alice Walton, the only daughter of Walmart founder Sam Walton, accounts for a little over one-fourth of the family fortune. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. She was named executor of her fathers estate when he died. INEOS is a Registered Trademark, the property of INEOS Capital Limited. This website is published by INEOS on behalf of its businesses. 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. She is the Chairwoman of Enterprise's board of directors. 4 Houstonians cash in on Forbes' list of richest American families Avara's sister Randa Duncan Williams is the only . 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. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. The Basses hold down the No. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. 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. Party affiliation of the mayors of the 100 largest cities Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. She previously served on the board of directors of Encore Bancshares. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. ("Dub") Andras, Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . So, who is she? Randa Duncan Williams - Director, Enterprise Products Partners Lp. People consume storytelling more than they ever have, Goodgame said. Leave them blank to get signed up. I remember Randa as being very engaged and politically active, Stein said. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. The gift dwarfed any previous donation to the Texas Medical Center. 25 Richest Families in America | Stacker Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. This is the way she wants to contribute to Texas, Stein said, by keeping an iconic publication going., New billionaire owner of Texas Monthly prefers background, Timeline: How battle between Houston ISD, TEA has reached the point of a looming takeover. She inherited $3.1 billion upon the death of her father. 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. For further information please visit: www.ineosgrenadier.com, Media ContactsRichard Longden (Richard.longden@ineos.com) 0041 21 627 7063 or 0041 7996 26123Andrew McLachlan (andrew@mediazoo.tv) 07931 377162Alex Williams (alex.williams@mediazoo.tv) 07793 207325. [4], In 2019, she purchased Texas Monthly'. Did Enterprise dispute the amount? The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. 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). Texas Monthly gets new ownership, again - statesman.com Hes never overtly pushy; instead, he subtly influences her with kindness and attention. 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. Randa Duncan Williams has a net worth of $7.2 billion. 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. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. Shes highly engaged and not a passive donor, he said, not just throwing money at a cause without knowing the specifics of how it will be allocated. 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. Williams is now in the company of other wealthy citizens who boast legacy media crown jewels in their holdings, including: The sale is the latest in a line of transactions in which a wealthy citizen swoops in to snatch up a venerate and often faltering brand. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. She is committed to a long-term investment, and that is a great opportunity for us to adopt a set of long-range business drivers.. Political party. Randa Duncan Williams, heiress of an oil and gas fortune and a native Texan, chairs the holding company that announced today its purchase of "The National Magazine of Texas." It was. 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 was elected as a board director in 2010 and as chairman in 2013. 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. 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. PACs. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. book to class, Oops! It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Sec Form 4 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. 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. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . the Texanist, is a staff writer. He was only half kidding. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. For the second time since 2016, Texas Monthly magazine is getting a new owner. 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.
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