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 . But, for some, Williams might not be a household name. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. And she intends to provide them., She wants to own it forever, added Brown. The companys annual sales are around $28 billion. 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. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. 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. 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. 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. 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. 2023 Forbes Media LLC. 11 on the Forbeslist.). They purchased a total of 65,350 shares worth more than $1,573,730.50. 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. Learn More on Randa Duncan Williams' contact information. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). Print ad revenue has declined in the same period. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. "What's unique, besides your assets and staff, is your relationships. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. The next summer, he began traveling to visit his father wherever he was working. ", 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. At 230 metres it is longer than two American football pitches combined (eight basketball courts). The gift dwarfed any previous donation to the Texas Medical Center. 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. 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. Despite it all, Duncan built a $15 billion company in an esoteric part of the natural gas industry known as midstream, between exploration and end-use. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Randa is the only one of Dan Duncan's children still involved in the family business. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. (Dave Rossman/For the Chronicle). By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. Prior to that, she served as managing editor of Poynter.org. Some brokers just had telephones.". He also gave $35 million to Baylor's new outpatient clinic and $10 million to the Children's Learning Institute at the University of Texas Health Science Center at Houston to create a neurodevelopmental clinic. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. She and her 3 siblings each hold an 8% stake in the family business. 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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. 2010 - present. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. Based on Enterprise's proxy statement for the deal, the reporter calculated that "this fellow Dan Duncan" had a net worth of more than $4 billion, good for 40th in the magazine's annual ranking of wealthiest Americans. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. Insiders at Enterprise Products Partners own 32.6% of the company. Order books are now open for Europe and other key launch markets. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. Report Date Eligible Voters2 Registered Voters Percent . Where does she come from? Learn More on Enterprise Products Partners' active insiders. More than 100 of the trophies at the Double D were bagged by Duncan's wife, Jan, a city girl and relative novice at the sport until the two married in 1989. He liberated airlines and trucking and enabled the 1980s-1990s boom. Palm Trees and Power Lines opens on March 3 in select theaters. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. Get the Poynter newsletter that's right for you. Back home, Duncan was breezing through school. That requires resources. 9. 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. 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. "Major companies wanted to do business with companies with significant assets. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent. 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. She joined the company in 1994 and took on the roles of president and CEO in 2001. 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. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. The journalistic integrity and quality for which Texas Monthly is known will remain unchanged as we build upon what Genesis Park has done over the past two years., Hobby praised Williams as a quiet, smart, and decisive leader. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. Enterprise is Mont Belvieus biggest player. 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. Like her father, Randa stays out of the spotlight. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . the Texanist, is a staff writer. The ship also has the potential to carry other products such as LPG and ethylene. 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. Details of the transaction werent made public. We are also proud ambassadors of the uncompromising Grenadier 4X4. He was dead in a week. Outside Spending Groups. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . Williams is a well-known philanthropist who contributes to numerous Houston-based charities. The EIN for the organization is 59-1630423. Theres An App for That. It will also be available on VOD for home viewing. 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. 8. Randa Duncan Williams is an American billionaire and the non-executive chairman of Enterprise Products Partners, the pipeline company co-founded by her late father Dan Duncan in 1968 with just a pair of propane delivery trucks. 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. He thought that such a new business niche could make him a profitable living. City Employees Are Heading for the Exits. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Submit a correction suggestion and help us fix it! June 25, 2019 35 Texas Monthly magazine has a new owner. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. The breakthrough started in the late '90s. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. INEOS is a Registered Trademark, the property of INEOS Capital Limited. "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. She also serves on the boards of trustees for numerous charitable organizations. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. The terms of the sale were not . The net worth of each heir exceeds $5 billion. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. 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. Their net worth: $247 billion. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. time of the 2009 Sale, by Duncan and members of his family. 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. 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. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. 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. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. He played college football at the University of Iowa in the Big Ten Conference.He played in two Rose Bowls (January 1957, 1959) and was inducted into the College Football Hall of Fame (1997). Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. The Campaign to Sabotage Texass Public Schools. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). 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. All rights reserved. | 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 received . (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. 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." Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. 18 on the Forbes list with a net worth of $15.5 billion. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. It's receiving that's harder. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Looking for a product? 2023 Celebrity Net Worth / All Rights Reserved. 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.. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. 16 / 25. 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. He was only half kidding. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. As she recalls the scene, Duncan jokes, "Great line.". A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until .
