In January 2019, Hobby hired Dan Goodgame, a veteran magazine editor and correspondent (most notably at Time magazine) whod most recently worked as a communications executive at the San Antoniobased cloud computing company Rackspace, to be the new editor-in-chief. Heres what you need to know. 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. 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. Randa Duncan Williams and her husband live in Houston, of course. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . 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. 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. Are ticket costs pricing Houston Astros fans out of Opening Day? Duncan's rise didn't come without struggles. 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. 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. Both individuals are. Stock photos, 360 images, vectors and videos He liberated airlines and trucking and enabled the 1980s-1990s boom. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. 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. Available for both RF and RM licensing. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. Profession. When she gives money, shes selective and wants to ensure it will be spent appropriately. Enemies are nowhere to be found. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. 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. She and her 3 siblings each hold an 8% stake in the family business. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. 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. The net worth of each heir exceeds $5 billion. By 1973, it was a $3 million company. Nowhere can that be more jarring than amid the hundreds of mounted animals at his ranch house in Smithville, about 50 miles southeast of Austin. She loves Texas Monthly as much as anybody ever did. 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. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. Peter Dawson is a digital reporter in Houston. PATRICK . TikTok Is Banking On Project Texas to Avoid a U.S. Ban. "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. Houston billionaire Randa Duncan Williams, chairwoman of midstream giant Enterprise Product Partners LP and daughter of its late founder, leads the company that has now acquired Texas Monthly. Business & Economy; 25 richest families in America . Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. [8], She lives in Houston with her husband, and they have one child.[7]. Insiders at Enterprise Products Partners own 32.6% of the company. It will also be available on VOD for home viewing. Both his first and second wife succumbed to cancer. Scott B. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Major Williams Republican Democratic Los Angeles 2012-2022 Orange 2012-2022 Orange 2021-2022 2012-2021 San Diego 2018-2022 Sonoma 2012-2018 Lassen 2012-2022 . About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Information on this page was last updated on 12/27/2022. PACs. 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. It took Duncan to show them it was in their financial interest to outsource them to an independent company, to get such assets off their books. Randa Duncan Williams is a businessperson who has been at the helm of 5 different companies and presently occupies the position of Non-Executive Chairman for Enterprise Products Partners LP, Chairman for Enterprise Products Co., President of DLD Family Investments LLC and Chairman for EPCO Holdings, Inc. 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. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". 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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Richard Kinder and 10 other Houston billionaires cash in on Forbes list Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. 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. The next summer, he began traveling to visit his father wherever he was working. Top party schools in every state. Forrest Wilder writes about politics and the outdoors. She also serves on the boards of trustees for numerous charitable organizations. On this Wikipedia the language links are at the top of the page across from the article title. The history of film is full of both real and fictional cautionary tales, showing how quickly someone can go from leading a relatively normal life to having their world completely turned upside down. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. Almost by definition, Enterprise seemed destined to stay under the radar. The gas and oil company is still under family control. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. 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." The Campaign to Sabotage Texass Public Schools. 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. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Dannine Avara - Forbes Randa Duncan Williams Net Worth & Insider Trades Learn More on Randa Duncan Williams' trading history. The Duncan Family is the 21st-wealthiest family in the world, with a. 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. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. 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 . Where does she come from? 2023 Celebrity Net Worth / All Rights Reserved. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. 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. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. Since the Baylor gifts and the Forbes. It also is a story full of tragedy. 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. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. "The one who seemingly came out of nowhere.". 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. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Back home, Duncan was breezing through school. 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. Are insane ticket costs pricing Astros fans out of Opening Day? Duncan had four adult children, each of whom is also a billionaire. 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. "I remember sitting around the campfire my first venture outside of Texas, listening to other hunters discussing their experiences in Alaska, Canada and Africa," Duncan writes in one of the short pieces he's penned on the joys of hunting. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. People consume storytelling more than they ever have, Goodgame said. 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. 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. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. "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. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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. Copyright 2022. Are ticket costs pricing Houston Astros fans out of Opening Day? 1 most stressful city for U.S. workers, To get these special tacos, drive out to the Houston Ship Channel, Principal fired for reading 'I Need a New Butt!' Related by financial asset: Enterprise Products Partners L.P. Political party. 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. Fire Ants Have Unleashed Chaos in Texas for Decades. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Palm Trees and Power Lines opens on March 3 in select theaters. That requires resources. Report Date Eligible Voters2 Registered Voters Percent . 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. 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. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. Randa Duncan Williams - Director, Enterprise Products Partners Lp. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. Randa Duncan Williams - Bloomberg With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. Grenadiers meet at the Pacific INEOS Grenadier naming ceremony. from the University of Houston. 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. 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. 8. The current estimated net worth of Enterprise. 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. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. They have looked at the business through every lens. Russias War On Ukraine: Daily News And Information From Ukraine, Todays Wordle #623 Hint, Clues And Answer For Saturday, March 4th, WWE SmackDown Results: Winners And Grades As Rhodes And Reigns Finally Face Off, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. They have looked under every rock. Joe M. Bailey 1996 - present. He thought that such a new business niche could make him a profitable living. After Wanda was sold in 1968, Duncan decided to go out on his own. 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. Whats Up With All the Kangaroos on the Loose in Texas? Get the Poynter newsletter that's right for you. Enter your email address below to get our daily insider buying and selling report. 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. She spent two decades in, 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. . The Hunt family, whose members are descendants of oil wildcatter H.L. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. 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. Randa enjoys the highest profile among the four Duncan siblings. 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. One of those people was Williamsthough she had not been one of the early suitors. Are insane ticket costs pricing Astros fans out of Opening Day? The Director DefendantRanda Duncan Williams, O.S . Houston's richest man raises his profile - Chron The companys annual sales are around $28 billion. 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. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. 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. Randa Williams Duncan enjoys the highest profile among Houston's richest family. "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. Randa Duncan Williams. At No. Randa enjoys the highest profile among the four Duncan siblings. 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. They just do it in many different ways today. Born with a hearing defect in both ears, he speaks very softly, with a clipped Southern accent and difficulty pronouncing his r's and l's. In 2018, according to the Forbes 400, Williams, along with two of her siblings. 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). Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. Like her daddy, she prefers to keep a low profile. Sec Form 4 She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. The Natural Gas Pipelines & Services segment stores and transports natural gas. 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). We use cookies to make sure you get the most from our website. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Texas Monthly has a new owner. 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. 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. Use Next and Previous buttons to navigate. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. My signaling was always, Lets complete the process of change first. Early this year, he said, the company retained Goldman Sachs to assist in a potential sale and identified multiple potential bidders who could be good stewards of the brand for the long term. The experience and those of his loved ones made a lasting impression. Submit a correction suggestion and help us fix it! Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Randa Duncan Williams - Forbes But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Prior to that, she served as managing editor of Poynter.org. Her father, Dan Duncan, was the co-founder of Enterprise Products. Use our Product finder instead. A Texas history buff owning a magazine about Texas seems like a natural fit. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. 13. Alice Walton isnt the only Texan whos a member of the Walton dynasty. ./Wednesday, Feb. 18, 2009, in Houston. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. 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. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. 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. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. In person, the 73-year-old Duncan hardly fits the billionaire image. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. If you earn people's trust, you'll receive the first call when they want to make a deal.". The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. So, who is she? It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. 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. Investors are already flocking there for a chance at 1,000%+ returns. New Democratic Party. Houston looks for new generation of top givers - Chron Randa duncan williams hi-res stock photography and images - Alamy Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. That mindset has continued as a philanthropist, he said. Paul Klotman, M.D. 1 most stressful city for U.S. workers, To get these special tacos, drive out to the Houston Ship Channel, Principal fired for reading 'I Need a New Butt!' These 4 Houstonians cash in on Forbes' list of richest American Mimi Swartz is a staff writer based in Houston. 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. Texas Monthly should be in good hands under her stewardship, Stein said. Williams holds a bachelors degree from Rice University and a J.D. Duncan can sneak up on you. 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. Can College Sports Get More Absurd Than SMU Joining the Pac-12? This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. 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. 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).
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