"I was enthralled by their vivid descriptions. 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!' David Courtney, a.k.a. Duncan started Enterprise Products in 1968 with $10,000 and a truck; now it owns over 50,000 miles of natural gas, oil and petrochemical pipelines. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. Duncan can sneak up on you. Are ticket costs pricing Houston Astros fans out of Opening Day? Forrest Wilder writes about politics and the outdoors. 10 things to know about Randa Duncan Williams, the Houston - Chron Randa Williams - Wikipedia He thought that such a new business niche could make him a profitable living. This website is published by INEOS on behalf of its businesses. "Giving to the community is a way to make a difference. Leave them blank to get signed up. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. Submit a correction suggestion and help us fix it! She and her 3 siblings each hold an 8% stake in the family business. Fleeing for Your Life? She also serves on the governance and capital projects committees. Copyright 2022. Randa Duncan Williams - Bloomberg Alice Walton isnt the only Texan whos a member of the Walton dynasty. Enterprise is Mont Belvieus biggest player. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. 18 on the Forbes list with a net worth of $15.5 billion. Her father, Dan Duncan, was the co-founder of Enterprise Products. 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. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. 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. [3] Due to a temporary repeal in the estate tax law for the year 2010, Duncan became, along with her siblings, one of the first American billionaires to pay no estate tax since its enactment. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Dave Rossman, freelance / For the Chronicle. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. All Rights Reserved. Randa Duncan Williams, a Houston billionaire and philanthropist. >>> Scroll through to see which other Houstonians made the list. The gas and oil company is still under family control. 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. West Texans Are Learning What It Means to Live in Bear Country, H-E-Bs True Texas BBQ Restaurant Is Slipping, How Florence ButtNot Her SonLaunched the H-E-B Empire. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. "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. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Besides the Double D ranch, the Duncans have two houses a vacation home in Santa Fe, N.M., and a 35,000-square-foot colonial style plantation house in River Oaks, complete with wine cellar, pool house, old European tapestries and furniture, linen-fold paneling and hand-painted, biblically themed Delft tiles. Learn More on Randa Duncan Williams' contact information. from the University of Houston. 9. 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. Duncan family - Forbes At No. Theyre looking at it the way you look at something you love and that you want to build and that youre going to be patient with.. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. The breakthrough started in the late '90s. Learn More on Enterprise Products Partners' active insiders. Political party. Did Enterprise dispute the amount? 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. Randa Duncan was born to Barbara Ann and Dan Duncan. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. It will also be available on VOD for home viewing. Forbes also ranks her as tied for the 290th richest person in the world. Get the Poynter newsletter that's right for you. 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. 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. 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." They have looked under every rock. Joe M. Bailey 1996 - present. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. Dannine Avara - Forbes She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. 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. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. 25 Richest Families in America | Stacker ("Dub") Andras, Ms. Williams is the Chairman of Enterprise Products Holdings LLC. If you earn people's trust, you'll receive the first call when they want to make a deal.". Forbes says the stock generates more than $700 million in annual dividend income for the family. This is a carousel. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. Texas Monthly gets new ownership, again - statesman.com 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 graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. She joined Enterprise in 1994 as vice president. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. Houston looks for new generation of top givers - Chron 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. 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. Houston billionaire buys Texas Monthly, promising to invest and These 4 Houstonians cash in on Forbes' list of richest American "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". The current estimated net worth of Enterprise. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". Randa Duncan Williams - Director, Enterprise Products Partners Lp. They purchased a total of 65,350 shares worth more than $1,573,730.50. 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. Insiders at Enterprise Products Partners own 32.6% of the company. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. 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. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. That mindset has continued as a philanthropist, he said. The next summer, he began traveling to visit his father wherever he was working. Are ticket costs pricing Houston Astros fans out of Opening Day? They have looked at the business through every lens. 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. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. Shes a trained lawyer, a Texas history buff, a devoted mother, a billionaire heiress and the chairwoman of the largest Houston company that isnt a household name. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Learn More on Randa Duncan Williams' trading history. 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. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. "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. 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 . | 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. "When you have as much happen to you as has happened to me in my lifetime, it has to have an effect," said Duncan, a Baylor College of Medicine board member since 2003. Randa Williams (ne Duncan, born 1960/1961), is an American billionaire heir to the Duncan family fortune (through Enterprise Products, which remains under family control). 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. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. In person, the 73-year-old Duncan hardly fits the billionaire image. The Hunt family, whose members are descendants of oil wildcatter H.L. 8. But it's easy to give. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. 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. 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. ./Wednesday, Feb. 18, 2009, in Houston. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. Hobbys tenure as chairman of Texas Monthly also saw some tumult, including several high-profile staff departures and accusations of editorial impropriety in early 2018, when then editor-in-chief Tim Taliaferro was alleged by the Columbia Journalism Review to have agreed to an arrangement in which the dating app Bumble would pay for social media promotion for a Texas Monthly cover story about Bumble founder Whitney Wolfe Herd. 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 . A Texas history buff owning a magazine about Texas seems like a natural fit. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. PATRICK . Learn More on Randa Duncan Williams' trading history. 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. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. PACs. ", 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.

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