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Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. 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. 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. Insiders at Enterprise Products Partners own 32.6% of the company. Williams is the only one of four. 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. 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. 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. 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. Randa enjoys the highest profile among the four Duncan siblings. All Rights Reserved. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. Houston looks for new generation of top givers - Chron Profession. Dannine Avara - Forbes Handout / Texas Monthly Show More Show Less 2 of 11. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. Prior to that, she served as managing editor of Poynter.org. 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. He later became one of the largest pipeline operators in the United States. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. They have looked at the business through every lens. INEOS is a Registered Trademark, the property of INEOS Capital Limited. 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. Sec Form 4 Digital revenue has grown from 8 percent of ad sales in 2017 to 20 percent in 2019, while event sponsorship revenue has grown from 6 percent to 18 percent of the total. 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. 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). The gas and oil company is still under family control. Its now official: This will be the last season of the brilliant series about a media mogul and his family. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. Because she regularly had to check in to a sanatorium and his father was on the road, Duncan and his brother moved in with their grandmother, a nearly blind woman who instructed them in life's lessons the Golden Rule, the value of a day's work. That's what makes me emotional.". 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. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. Enterprise Products Partners has a market value of $63 billion. 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. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. 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. 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. We use cookies to make sure you get the most from our website. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . 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. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon 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. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Hunt, sit at No. Dave Rossman, freelance / For the Chronicle. 8. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. 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. 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. Can College Sports Get More Absurd Than SMU Joining the Pac-12? 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. We are also proud ambassadors of the uncompromising Grenadier 4X4. She joined the company in 1994 and took on the roles of president and CEO in 2001. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. He was only half kidding. She can treat it more like a non-profit. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. Looking for a product? Site designed and developed by The MTM Agency. Outside Spending Groups. 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. >>> Scroll through to see which other Houstonians made the list. 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. Print ad revenue has declined in the same period. 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. 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. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). . Forbes recently listed Williams as the ninth wealthiest person in Texas. When he was 3 1/2 , his mother came down with tuberculosis. book to class, Oops! Related by financial asset: Enterprise Products Partners L.P. Duncan's rise didn't come without struggles. 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. 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 was enthralled by their vivid descriptions. "I certainly never expected him to become a billionaire.". Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. Randa Williams is marred to her husband, Charles A. Williams. She is the Chairwoman of Enterprise's board of directors. June 25, 2019 35 Texas Monthly magazine has a new owner. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. Need to know more? 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. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. Outside, 20 species of native and exotic game roam the 5,000-acre spread named the Double D. Duncan's passion for hunting dates to boyhood jaunts for small game in East Texas, but it reawakened in his mid-30s, after a trip to New Mexico to hunt Rocky Mountain elk. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. 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. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. She received . After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. 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 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. Each has an estimated net worth of $6.2 billion. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. Truth be told, there's little left for Duncan to pursue. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. "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. That requires resources. 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. 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. And how much money does she have, anyways? Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Alice Walton isnt the only Texan whos a member of the Walton dynasty. Details of the transaction werent made public. These 4 Houstonians cash in on Forbes' list of richest American 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Like her daddy, she prefers to keep a low profile. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. The ship also has the potential to carry other products such as LPG and ethylene. Hints and clues to help you with today's Wordle. But they don't attend many functions on Houston's social circuit. 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. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Randa Duncan Williams Vice President 1996 - present. Forbes says the stock generates more than $700 million in annual dividend income for the family. According to its website, it has a, Dr. Patrick Soon-Shiong, the Los Angeles Times, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. However, the publication last changed hands in 2016 for $25 million. People in the industry say he has no ego. She's very well read, independent-minded and proud of her Texas heritage.". 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. 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. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. 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. 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. 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. The Duncan Family is the 21st-wealthiest family in the world, with a. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. 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. 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). 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. Here are the 15 richest people in Texas, according to Forbes In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Available for both RF and RM licensing. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. 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. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Photo courtesy of Texas Monthly/Gittings Photography, These 4 Houstonians cash in on Forbes' list of richest American families, United Way 2014-15_Single Promoted Articles, MD Anderson Breast Cancer Promoted Article, Professional Skin Treatments by NuMe Express, CultureMap Houston Holiday Pop-up Shop 2017, Martha Turner Sotheby's International Realty, Discomfort of subject matter in Palm Trees and Power Lines serves to prove its strength. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Editor-in-chief Dan Goodgame said the mood around the office is light, and hes spent the day responding to well-wishers via email and text. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. Above you can find out the answers to those questions and more. ", 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. Randa L Williams, 61 - Houston, TX - Reputation & Contact Details $2.5 billion, according to our most recent tally. 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. A Right-wing Cabal Took Over Odessas Municipal Government. Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, according to reports. 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).