Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. However, the publication last changed hands in 2016 for $25 million. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Why Does He Get to Make That Call? 18 on the Forbes list with a net worth of $15.5 billion. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. [4], In 2019, she purchased Texas Monthly'. 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. She joined the company in 1994 and took on the roles of president and CEO in 2001. Please visitwww.enterpriseproducts.comfor more information. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Are ticket costs pricing Houston Astros fans out of Opening Day? 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. 2023 Celebrity Net Worth / All Rights Reserved. He was only half kidding. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. Support responsible news and fact-based information today! New Democratic Party. 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. 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. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Heres what you need to know. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. 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 . Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. 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.. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. 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 . ("Dub") Andras, Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. Are insane ticket costs pricing Astros fans out of Opening Day? Business & Economy; 25 richest families in America . (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. 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. (The Duncans come in at No. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print 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. the Texanist, is a staff writer. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Williams is the only one of four. Seaman Treasurer 1996 - present. This is a carousel. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. The ship also has the potential to carry other products such as LPG and ethylene. Order books are now open for Europe and other key launch markets. 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. Texas Monthly has a new owner. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. "Giving to the community is a way to make a difference. 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. 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. 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. "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. 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. It will also be available on VOD for home viewing. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. But What Is It? Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. 14. After Wanda was sold in 1968, Duncan decided to go out on his own. She is the Chairwoman of Enterprise's board of directors. 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 . Learn More on Enterprise Products Partners' active insiders. Above you can find out the answers to those questions and more. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. 1 of 11. 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. 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. She also serves on the boards of trustees for numerous charitable organizations. Texas Monthly should be in good hands under her stewardship, Stein said. 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. 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. Enter your email address below to get our daily insider buying and selling report. Theres An App for That. The handoff of ownership becomes official June 30. Learn More about insider trades at Enterprise Products Partners. 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). 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. "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. With a law degree from the University of Houston, Williams practiced law for about 6 years beginning in 1988, handling toxic tort cases and property liability cases. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. 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 have the journalists and photographers and designers to do that well already, and we will continue to grow new muscles to do it in new ways. That means not only more podcasts and events and web journalism but also, he said, a new focus on selling Texas Monthly stories to producers of movies, streaming video, and TV series. Slowly but surely she falls for him, even though part of her knows the situation feels off. Enterprise is Mont Belvieus biggest player. Insiders at Enterprise Products Partners own 32.6% of the company. Forbes recently listed Williams as the ninth wealthiest person in Texas. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. This is a carousel. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. time of the 2009 Sale, by Duncan and members of his family. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. Peter Dawson is a digital reporter in Houston. 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. 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 Williams is marred to her husband, Charles A. Williams. The Campaign to Sabotage Texass Public Schools. In that and a subsequent horrific scene, Deck is unflinching with the camera, placing it in a single location and rarely cutting, even when things get supremely uncomfortable. 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. We are also proud ambassadors of the uncompromising Grenadier 4X4. Forrest Wilder writes about politics and the outdoors. The gas and oil company is still under family control. 16 / 25. Both his first and second wife succumbed to cancer. 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. >>> Scroll through to see which other Houstonians made the list. Duncan had four adult children, each of whom is also a billionaire. She also serves on the governance and capital projects committees. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. PATRICK . Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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 brass at Enterprise Products was busy finalizing a blockbuster transaction in the summer of 2004, when Forbes magazine called with a question about the company's chairman. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. "I certainly never expected him to become a billionaire.". Fire Ants Have Unleashed Chaos in Texas for Decades. Both individuals are. The net worth of Fort Worth billionaire Alice Walton, the only daughter of Walmart founder Sam Walton, accounts for a little over one-fourth of the family fortune. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Breadcrumb. Reflects change since 5 pm ET of prior trading day. 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. 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. His nice guy look hides the type of person his character truly is. 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 . If you earn people's trust, you'll receive the first call when they want to make a deal.". 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. Hobbys group paid $25 million for the magazine in 2016. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. And You Thought Feral Hogs Were Bad. For further information please visit: www.ineosgrenadier.com, Media ContactsRichard Longden ([email protected]) 0041 21 627 7063 or 0041 7996 26123Andrew McLachlan ([email protected]) 07931 377162Alex Williams ([email protected]) 07793 207325. Hints and clues to help you with today's Wordle. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. She was elected as a board director in 2010 and as chairman in 2013. Randa enjoys the highest profile among the four Duncan siblings. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. We use cookies to make sure you get the most from our website. 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. 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. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large oil storage facility on the Gulf Coast. 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. Chart Data in Insider Trading History Table. [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. 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. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . (Dave Rossman/For the Chronicle). The way it played out is poetic.. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. 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. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . 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. Duncan can sneak up on you. Looking for a product? . 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). How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. 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. Lawyer, environmental consultant. Submit a correction suggestion and help us fix it! Randa Williams is 61 years old and was born on 08/28/1961. "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. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. 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. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. They purchased a total of 65,350 shares worth more than $1,573,730.50. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. At No. 30 spot with a net worth of $10.8 billion. Use our Product finder instead. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. 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. Dan Duncan founded Enterprise Products Partners in 1968. ./Wednesday, Feb. 18, 2009, in Houston. 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. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . Profession. Forbes says the stock generates more than $700 million in annual dividend income for the family. They have looked under every rock. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. Since the Baylor gifts and the Forbes. Scott B. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. Whats Up With All the Kangaroos on the Loose in Texas? 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. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. About Pacific Gas:Pacific Gas(Hong Kong)Holdings Limited is dedicated itself to provide integrated and yet competitive shipping services for a full range of clean energy and its derivatives by products in the international market, with offices located in Hong Kong, Shanghai, Singapore, and Mumbai. Additionally, she sits on the board of the University of Texas Health Science Center. She had strong opinions about things.. The four siblings are tied for the second wealthiest people in Houston. 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. I remember Randa as being very engaged and politically active, Stein said. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. In the last year, Enterprise Products Partners insiders bought shares 6 times. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. Learn More on Randa Duncan Williams' trading history. The Natural Gas Pipelines & Services segment stores and transports natural gas. As she recalls the scene, Duncan jokes, "Great line.". Theyre not looking at it that way. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Duncan's rise didn't come without struggles. Randa Duncan Williams. Dave Rossman, freelance / For the Chronicle. Bring on the Shiplap. 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. David Courtney, a.k.a. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Duncan was the first overall pick in the 1959 NFL Draft by the Green . By 1973, it was a $3 million company. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Three months later, the TB claimed his mother. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. 8. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. 9. These Common Units are owned directly by The Randa Duncan Williams 2018 Family Trust (the "RDW Family Trust"), for which Ms. Williams serves as a director of an entity trustee. I knew about her passion for the brand, Hobby said, and it was a logical conclusion that she would be interested., From that point on, the sale process involved a rigorous review of the business by Williamss team, Brown said. 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. In 1995, Duncan waged his own battle with prostate cancer. 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.