The breakthrough started in the late '90s. 9. She can help strengthen the magazine without needing it to be a money maker. She also serves on the governance and capital projects committees. 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 companys annual sales are around $28 billion. Additionally, she sits on the board of the University of Texas Health Science Center. Submit a correction suggestion and help us fix it! But What Is It? Randa Williams Net Worth, Biography, and Insider Trading Some brokers just had telephones.". About Us - The Houston Zoo Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. 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. 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. Houston billionaire buys Texas Monthly, promising to invest and 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 . So, who is she? She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". People consume storytelling more than they ever have, Goodgame said. [4], In 2019, she purchased Texas Monthly'. We use cookies to make sure you get the most from our website. 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. His nice guy look hides the type of person his character truly is. After Wanda was sold in 1968, Duncan decided to go out on his own. It also is a story full of tragedy. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 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. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. 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 previously owned by Genesis Park, a private equity firm also in Houston. Randa Duncan Williams Net Worth & Insider Trades 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. 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. 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. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Bring on the Shiplap. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. Duncan family - Forbes Forbes also ranks her as tied for the 290th richest person in the world. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. 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). Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. 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. Whats Up With All the Kangaroos on the Loose in Texas? Looking for a product? Heres what you need to know. 2023 Celebrity Net Worth / All Rights Reserved. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. 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. "Giving to the community is a way to make a difference. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. She previously served on the board of directors of Encore Bancshares. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. Fleeing for Your Life? Insiders at Enterprise Products Partners own 32.6% of the company. 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. 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. The Campaign to Sabotage Texass Public Schools. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. 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.. In the last year, Enterprise Products Partners insiders bought shares 6 times. 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,. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. 30 spot with a net worth of $10.8 billion. Randy Duncan - Wikipedia They have one child. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Leave them blank to get signed up. The net worth of each heir exceeds $5 billion. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. When he was 3 1/2 , his mother came down with tuberculosis. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. We are also proud ambassadors of the uncompromising Grenadier 4X4. These 4 Houstonians cash in on Forbes' list of richest American "I was enthralled by their vivid descriptions. It made for tough times for Duncan, whose business philosophy was all about growing the company. I remember Randa as being very engaged and politically active, Stein said. 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. By 1973, it was a $3 million company. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". Levy sold the. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. 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." 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. "The one who seemingly came out of nowhere.". 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. 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. Did Enterprise dispute the amount? If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. 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). Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Sec Form 4 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. Likewise, Tom aside from the inherently creepy idea of a 34-year-old man pursuing a 17-year-old girl doesnt come across as a monster. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. Chart Data in Insider Trading History Table. 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." 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. Enter your email address below to get our daily insider buying and selling report. (Dave Rossman/For the Chronicle). The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. Named after the rugged off-road vehicle, the Pacific INEOS Grenadier is a 99,000 CBM VLEC (Very Large Ethane Carrier) and is the latest ship to join the INEOS fleet. 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. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. 3rd party / other. Randa Duncan Williams Vice President 1996 - present. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". Randa Duncan Williams, a Houston billionaire and philanthropist. She inherited $3.1 billion upon the death of her father. Like her father, Randa stays out of the spotlight. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. The ship also has the potential to carry other products such as LPG and ethylene. Alice Walton isnt the only Texan whos a member of the Walton dynasty. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. PATRICK . Texas Monthly gets new ownership, again - statesman.com Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Forbes says the stock generates more than $700 million in annual dividend income for the family. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. Texas Monthly has a new owner. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Party affiliation of the mayors of the 100 largest cities Need to know more? "I tell them no. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. In Palm Trees and Power Lines, Lea (Lily McInerny) is a 17-year-old girl on summer break in Southern California, spending her days lying out in the sun and hanging out with her best friend, Amber (Quinn Frankel), among others. Both individuals are Houstonians. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Randa Williams - Biography 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. 4 Houstonians cash in on Forbes' list of richest American families Hobbys group paid $25 million for the magazine in 2016. 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. 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. 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. Why Does He Get to Make That Call? 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. In person, the 73-year-old Duncan hardly fits the billionaire image. PDF REGISTRATION BY POLITICAL PARTY - California 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. She and her 3 siblings each hold an 8% stake in the family business. 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. It will also be available on VOD for home viewing. 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. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. Seaman Treasurer 1996 - present. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. In his later years, his drive to succeed turned to the philanthropic world. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Randa Duncan Williams - Forbes She had strong opinions about things.. Its now official: This will be the last season of the brilliant series about a media mogul and his family. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. A week later, he became ill with fever and chills. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Randa Duncan Williams - Bloomberg Theres An App for That. 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. "I certainly never expected him to become a billionaire.". 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.. This is a carousel. 13. By the time she discovers the truth about Toms life, it may be too late to go back. Albert & Margaret Alkek Foundation - President's Message However, the publication last changed hands in 2016 for $25 million. Outside Spending Groups. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Medicine and education are Duncan's pet causes. The way it played out is poetic.. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. I . 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. Peter Dawson is a digital reporter in Houston. 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. 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. We know that Randa's political affiliation is unknown . Randa enjoys the highest profile among the four Duncan siblings. 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. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon The hub of its NGL processing is just east of Houston in Mont Belvieu, known as the natural gas liquids capital of the world due to its massive complex of underground salt dome storage and processing plants. She and her 3 siblings each hold an 8% stake in the family business. She also serves on the boards of trustees for numerous charitable organizations. 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. June 25, 2019 35 Texas Monthly magazine has a new owner. Duncan was the first overall pick in the 1959 NFL Draft by the Green . Theyre not looking at it that way. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Dan Duncan needs no reminder. Hints and clues to help you with today's Wordle. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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.