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). She joined the company in 1994 and took on the roles of president and CEO in 2001. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. 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. 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. 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. 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. >>> Scroll through to see which other Houstonians made the list. The net worth of each heir exceeds $5 billion. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. Charles Butt is chairman and CEO of the H-E-B grocery chain, based in San Antonio and parent company of Dallas-based Central Market. "Major companies wanted to do business with companies with significant assets. Are ticket costs pricing Houston Astros fans out of Opening Day? book to class, Oops! 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. What Genesis Park brought to us was the investment needed to begin to extend our brand beyond print to the platforms where audiences and revenue are growing, Goodgame said. This is a carousel. Avara's sister Randa Duncan Williams is the only . 16 / 25. Scott B. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. "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. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Information on this page was last updated on 12/27/2022. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. 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!' 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. For the second time in less than three years, Texas Monthly has a new owner. An East Texas country boy who resembles John Glenn without the crinkles, he's nothing like the brash, rough-hewn Texas oil baron of old. 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. 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. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". Handout / Texas Monthly Show More Show Less 2 of 11. (Dave Rossman/For the Chronicle). Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. He was dead in a week. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. 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. Both individuals are Houstonians. Details of the transaction werent made public. INEOS is a Registered Trademark, the property of INEOS Capital Limited. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. Enter your email address below to get our daily insider buying and selling report. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. Levy sold the. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Randa Duncan Williams and her husband live in Houston, of course. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. Insiders at Enterprise Products Partners own 32.6% of the company. She was elected as a board director in 2010 and as chairman in 2013. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Duncan had four adult children, each of whom is also a billionaire. She and her 3 siblings each hold an 8% stake in the family business. And she intends to provide them., She wants to own it forever, added Brown. She also serves on the boards of trustees for numerous charitable organizations. This website is published by INEOS on behalf of its businesses. The current estimated net worth of Enterprise. "The one who seemingly came out of nowhere.". Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. On this Wikipedia the language links are at the top of the page across from the article title. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. But it's easy to give. 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. 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. It made for tough times for Duncan, whose business philosophy was all about growing the company. 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. Bring on the Shiplap. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. Williams holds a bachelors degree from Rice University and a J.D. We use cookies to make sure you get the most from our website. The Director DefendantRanda Duncan Williams, O.S . A week later, he became ill with fever and chills. Alice Walton isnt the only Texan whos a member of the Walton dynasty. Joe M. Bailey 1996 - present. The hub of its NGL processing is just east of Houston in Mont Belvieu, known as the natural gas liquids capital of the world due to its massive complex of underground salt dome storage and processing plants. 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. That mindset has continued as a philanthropist, he said. 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. 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. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. The gift dwarfed any previous donation to the Texas Medical Center. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. 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. Randa is the only one of Dan Duncan's children still involved in the family business. He was right. "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. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. 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. 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. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Randa Duncan Williams, a Houston billionaire and philanthropist. Learn More on Randa Duncan Williams' contact information. And how much money does she have, anyways? Williams is now in the company of other wealthy citizens who boast legacy media crown jewels in their holdings, including: The sale is the latest in a line of transactions in which a wealthy citizen swoops in to snatch up a venerate and often faltering brand. By 1973, it was a $3 million company. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . Texas Monthly has won 13 National Magazine Awards, and editors have included William Broyles Jr., later a successful screenwriter, and Evan Smith, co-founder of The Texas Tribune. The 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. 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. I . Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . 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. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. 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. 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. Profession. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. They have one child. 2023 Celebrity Net Worth / All Rights Reserved. She can treat it more like a non-profit. Duncan can sneak up on you.
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