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). June 25, 2019 35 Texas Monthly magazine has a new owner. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. 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. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Seaman Treasurer 1996 - present. But What Is It? Order books are now open for Europe and other key launch markets. 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. Grenadiers meet at the Pacific INEOS Grenadier naming ceremony. 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. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. 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. This is a carousel. Levy sold the. Lawyer, environmental consultant. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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. The net worth of each heir exceeds $5 billion. Did Enterprise dispute the amount? 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. I . Top party schools in every state. In his later years, his drive to succeed turned to the philanthropic world. Duncan family - Forbes 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. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. 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. 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. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. Forbes also ranks her as tied for the 290th richest person in the world. The Director DefendantRanda Duncan Williams, O.S . Texas Monthly gets new ownership, again - statesman.com Dannine Avara - Forbes While 2020 has been a nightmare financially for many, some locals have cashed in. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. 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. "Giving to the community is a way to make a difference. [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. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. Built in Jiangnan, China and operated by Pacific Gas, the Pacific INEOS Grenadier ismade of approximately 18,000 tonnes of steel and 40,000 metres of piping. 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. 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. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. He was dead in a week. Reflects change since 5 pm ET of prior trading day. [8], She lives in Houston with her husband, and they have one child.[7]. ", 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. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. 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. But they don't attend many functions on Houston's social circuit. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. 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. She is the Chairwoman of Enterprise's board of directors. 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. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. 2010 - present. Theres An App for That. 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. Political party. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. Randa Duncan Williams Net Worth & Insider Trades Randa is the only one of Dan Duncan's children still involved in the family business. [4], In 2019, she purchased Texas Monthly'. 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. Heres what you need to know. 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. Randa Williams - Biography Since the Baylor gifts and the Forbes. She had strong opinions about things.. Deck structures the film so that Lea is almost the perfect victim, someone whos alienated from those close to her and more than willing to accept someone who promises a type of escape. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Randa is Duncan's eldest child, at 57. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Hunt, sit at No. Donald Trumps real net worth? That requires resources. 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 handoff of ownership becomes official June 30. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. | 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. She also serves on the boards of trustees for numerous charitable organizations. 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 . 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. 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. Report Date Eligible Voters2 Registered Voters Percent . Duncan had four adult children, each of whom is also a billionaire. One of those people was Williamsthough she had not been one of the early suitors. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. Its now official: This will be the last season of the brilliant series about a media mogul and his family. 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. 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. time of the 2009 Sale, by Duncan and members of his family. When he was 3 1/2 , his mother came down with tuberculosis. Current Climate: Big Techs Massive Carbon Footprint, Xavi Speaks On FC Barcelonas Defensive Masterclass Against Real Madrid Ahead Of Valencia Clash, How Scott Boras Used Baseballs No-Shift Rule To Get Pay Raises For Underachieving Clients, Manchester City Ready To Sell Bernardo Silva To FC Barcelona And Name Asking Price - Reports, FC Barcelona And Real Madrid Presidents Met To Discuss European Super League Strategy Before El Clasico - Reports, Xavi And Laporta Clash On Raphinha Summer Sale By FC Barcelona - Reports, Friday, March 3. 3rd party / other. Enterprise Products Partners LP Stock Ownership - WallStreetZen A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. We use cookies to make sure you get the most from our website. The current estimated net worth of Enterprise. She inherited $3.1 billion upon the death of her father. 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. 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. 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. New Democratic Party. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. 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. 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. Leave them blank to get signed up. In a business environment where journalists at many publications have become accustomed to hearing that theyll have to produce more content across more platforms with fewer resources, its great news, Goodgame said, that Williams aims to build on the work of Genesis Park and boost long-term investments in Texas Monthlys editorial staff, subscription marketing, and other key areas. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. Use Next and Previous buttons to navigate. Joe M. Bailey 1996 - present. Profession. 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. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. 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 . Dave Rossman, freelance / For the Chronicle. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Alice Walton isnt the only Texan whos a member of the Walton dynasty. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. By the time she discovers the truth about Toms life, it may be too late to go back. Its rattlesnake season in Texas. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. 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. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. Are insane ticket costs pricing Astros fans out of Opening Day? 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). Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. But it's easy to give. 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. This is a carousel. 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. The Campaign to Sabotage Texass Public Schools. 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. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . Peter Dawson is a digital reporter in Houston. 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. 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. Are insane ticket costs pricing Astros fans out of Opening Day? Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. Almost by definition, Enterprise seemed destined to stay under the radar. The Hunt family, whose members are descendants of oil wildcatter H.L. Learn More on Randa Duncan Williams' trading history. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. 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 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. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. Why Does He Get to Make That Call? PDF Secretary of State - California These 4 Houstonians cash in on Forbes' list of richest American The EIN for the organization is 59-1630423. Her father, Dan Duncan, was the co-founder of Enterprise Products. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion.