Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. 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. Randa Duncan Williams - Political - LittleSis 14. Scott B. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. The net worth of each heir exceeds $5 billion. He was dead in a week. "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. The Campaign to Sabotage Texass Public Schools. She inherited $3.1 billion upon the death of her father. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. Hobbys group paid $25 million for the magazine in 2016. The Hunt family, whose members are descendants of oil wildcatter H.L. In the Supreme Court of The State of Delaware Enterprise Products C.a A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. 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. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. 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. 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). Information on this page was last updated on 12/27/2022. She also serves on the governance and capital projects committees. Both his first and second wife succumbed to cancer. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. Randa Williams Net Worth, Biography, and Insider Trading The four Bass brothers Sid, Edward, Robert, and Lee each inherited $2.8 billion from their oil tycoon uncle Sid Richardson after his death in 1959. 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. 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 . Copyright 2022. One of those people was Williamsthough she had not been one of the early suitors. 2010 - present. [4], In 2019, she purchased Texas Monthly'. Texas Monthly magazine sold to Enterprise Products affiliate led by "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. Are ticket costs pricing Houston Astros fans out of Opening Day? A Texas history buff owning a magazine about Texas seems like a natural fit. As new forms of digital media have changed consumer habits and upended the advertising industry, many traditionally print-based publishing businesses have shut their doors, downsized, or consolidated. In February this year we launched the Pacific INEOS Belstaff, then the worlds largest ethane carrier, and today alongside our highly anticipated Grenadier 4X4 we have added the second of the worlds largest VLECs to our growing fleet.. "I was enthralled by their vivid descriptions. 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. FC Barcelona head coach Xavi Hernandez has spoken more on his team's 'sensational' defensive performance against Real Madrid in the Copa del Rey semi-final first leg ahead of his team's clash with Valencia in La Liga on Sunday. 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. 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. These 4 Houstonians cash in on Forbes' list of richest American 4 Houstonians cash in on Forbes' list of richest American families the Texanist, is a staff writer. Learn More on Enterprise Products Partners' active insiders. Outside Spending Groups. Its now official: This will be the last season of the brilliant series about a media mogul and his family. 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. They just do it in many different ways today. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. She joined the company in 1994 and took on the roles of president and CEO in 2001. 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. 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. from the University of Houston. 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 . | Peter.Dawson@chron.com | NEWS WHEN YOU NEED IT: Text CHRON to 77453 to receive breaking news alerts by text message | Sign up for breaking news alerts delivered to your email here. 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. Randa Duncan Williams - Director, Enterprise Products Partners Lp. He thought that such a new business niche could make him a profitable living. EPCO, Texas Monthlys new parent company, also owns various commercial real estate and ranching ventures, as well as a substantial stake in Enterprise Products Partners. 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 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. By 1973, it was a $3 million company. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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). Did Enterprise dispute the amount? Enterprise is Mont Belvieus biggest player. But, for some, Williams might not be a household name. Peter Dawson is a digital reporter in Houston. Randa is the only one of Dan Duncan's children still involved in the family business. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. Randa Duncan Williams has a net worth of $7.2 billion. 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 . She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. So, who is she? 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. We use cookies to make sure you get the most from our website. Seaman Treasurer 1996 - present. Handout / Texas Monthly Show More Show Less 2 of 11. Grenadiers meet at the Pacific INEOS Grenadier naming ceremony. 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. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. Randa Duncan was born to Barbara Ann and Dan Duncan. 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. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? His father, an itinerant pipeliner, died of leukemia when Duncan was 17. Randa Duncan Williams. Williams also made The Houston Chronicle's, Brett Coomer, Houston Chronicle / Staff photographer, 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. 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. Available for both RF and RM licensing. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Randa enjoys the highest profile among the four Duncan siblings. 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. 2023 Forbes Media LLC. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. The companys annual sales are around $28 billion. Duncan had four adult children, each of whom is also a billionaire. 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. 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. 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. Enterprise Products Partners LP Stock Ownership - WallStreetZen ("Dub") Andras, The ship also has the potential to carry other products such as LPG and ethylene. More than 100 of the trophies at the Double D were bagged by Duncan's wife, Jan, a city girl and relative novice at the sport until the two married in 1989. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. 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. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. Support responsible news and fact-based information today! The Grenadier 4X4 combines British spirit and design with German engineering rigour. [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. But What Is It? Both individuals are. 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. It took Duncan to show them it was in their financial interest to outsource them to an independent company, to get such assets off their books. Stock photos, 360 images, vectors and videos Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. 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. Enterprise Products Partners has a market value of $63 billion. 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. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. The way it played out is poetic.. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. The vehicle was present as a guest of honour on the quayside as the ceremony took place. Party affiliation of the mayors of the 100 largest cities Alice Walton isnt the only Texan whos a member of the Walton dynasty. Albert & Margaret Alkek Foundation - President's Message Williams is a well-known philanthropist who contributes to numerous Houston-based charities. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. For example, preservation of food and clean water; construction of wind turbines, solar panels and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications. She had strong opinions about things.. "The thing about Dan is that he's so down-home and humble that when you first meet him, it'd be easy to get the impression he's just one of the guys," said Bill Waldheim, president of Duke Energy Field Services, one of Duncan's competitors. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. Williams earned a Bachelor's Degree from Rice University. On this Wikipedia the language links are at the top of the page across from the article title. 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. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. They have looked at the business through every lens. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Williams holds a bachelors degree from Rice University and a J.D. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. 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. Avara's sister Randa Duncan Williams is the only . 9. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Heres what you need to know. She received . Theres a party going on deep in the heart of Texas. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). Randa Duncan Williams and her husband live in Houston, of course. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. Their net worth: $247 billion. 1 of 11. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. Houston pitmaster goes viral after hilarious TV interview, Willie Nelson's new album is a lovely tribute to a fellow country legend, Two ocelots were photographed crossing a road in rare South Texas sighting, Turner: TEA is giving Houston ISD two optionsclose school or be taken over. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. 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. Use Next and Previous buttons to navigate. time of the 2009 Sale, by Duncan and members of his family. 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. The four siblings are tied for the second wealthiest people in Houston. Randa L Williams, 61 - Houston, TX - Reputation & Contact Details 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 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. 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. 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!' Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. This is a carousel. Randa Williams is marred to her husband, Charles A. Williams. Forrest Wilder writes about politics and the outdoors. FC Barcelona president Joan Laporta and Real Madrid counterpart Florentino Perez took advantage of their teams' Copa del Rey semi-final first leg meeting on Thursday to meet and discuss a strategy for the launch the European Super League (ESL), according to reports. When he was 3 1/2 , his mother came down with tuberculosis. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. 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. "Giving to the community is a way to make a difference. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Dan Duncan needs no reminder. (Dave Rossman/For the Chronicle). Each has an estimated net worth of $6.2 billion. 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." 30 spot with a net worth of $10.8 billion. Fire Ants Have Unleashed Chaos in Texas for Decades. PACs. "What's unique, besides your assets and staff, is your relationships. 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 pitmaster goes viral after hilarious TV interview, Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, Willie Nelson's new album is a lovely tribute to a fellow country legend, Two ocelots were photographed crossing a road in rare South Texas sighting, Turner: TEA is giving Houston ISD two optionsclose school or be taken over. 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. Dan Duncan founded Enterprise Products Partners in 1968. 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. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. At No. She was named executor of her fathers estate when he died. Palm Trees and Power Lines opens on March 3 in select theaters. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. Top party schools in every state. 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. Like her father, Randa stays out of the spotlight. 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. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. 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. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. Houston pipeline heirs strike it rich as wealthiest family in Texas 25 Richest Families in America | Stacker That's what makes me emotional.". Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . She previously served on the board of directors of Encore Bancshares. Enemies are nowhere to be found. Political party. While 2020 has been a nightmare financially for many, some locals have cashed in. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . Hes never overtly pushy; instead, he subtly influences her with kindness and attention. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". 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. For the second time since 2016, Texas Monthly magazine is getting a new owner. 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. She's very well read, independent-minded and proud of her Texas heritage.". There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. Site designed and developed by The MTM Agency. I remember Randa as being very engaged and politically active, Stein said. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. . I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. 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. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. People consume storytelling more than they ever have, Goodgame said. 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. PDF REGISTRATION BY POLITICAL PARTY - California Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. As one of the two largest companies of its kind in the nation, Enterprise boasts more than 32,000 miles of onshore and offshore pipelines and nearly 175 million barrel equivalents of natural gas and natural gas liquids storage capacity. And You Thought Feral Hogs Were Bad. The thing is, Duncan's story is epic stuff: self-made man who started his company with $10,000 and a trailer-truck; visionary new breed of oilman who carved out a niche that changed the industry; big game hunter who's stalked prey on six continents; record-setting philanthropist; cancer survivor. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. Donald Trumps real net worth? 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 . We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. 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. While the privately held magazine doesnt publicly discuss its finances, Goodgame said the last few quarters were spent taking this great storytelling brand and extending it from print, which is still very important to us but we want to take that same storytelling out to the newer platforms where audience is growing, and where revenue is growing, and where Texans want to get their storytelling these days..