And You Thought Feral Hogs Were Bad. By 1973, it was a $3 million company. (Dave Rossman/For the Chronicle). About Us - The Houston Zoo The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon Enterprises political action committee may give money primarily to Republicans, but her political science professor at Rice, Robert Stein, remembers Duncan Williams as public policy-minded and decidedly more liberal. When she gives money, shes selective and wants to ensure it will be spent appropriately. They have looked under every rock. "I tell them no. The terms of the sale were not . The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. He was dead in a week. 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. I remember Randa as being very engaged and politically active, Stein said. Dave Rossman, freelance / For the Chronicle. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. She also serves on the governance and capital projects committees. Learn More on Randa Duncan Williams' contact information. "Major companies wanted to do business with companies with significant assets. 4 Houstonians cash in on Forbes' list of richest American families Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. 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. 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. 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. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. Texas Monthly should be in good hands under her stewardship, Stein said. >>> Scroll through to see which other Houstonians made the list. Lawyer, environmental consultant. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. In 2018, according to the Forbes 400, Williams, along with two of her siblings. 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. 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. The vehicle was present as a guest of honour on the quayside as the ceremony took place. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". These 4 Houstonians cash in on Forbes' list of richest American Sold! Randa Duncan Williams buys Texas Monthly, the latest - Poynter The Campaign to Sabotage Texass Public Schools. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. Since the Baylor gifts and the Forbes. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. Palm Trees and Power Lines is not an easy film to watch, and it often goes in directions that viewers may not want to believe. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. 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. She received . Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. All Rights Reserved. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. One of those people was Williamsthough she had not been one of the early suitors. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. Leave them blank to get signed up. Texas Monthly gets new ownership, again - statesman.com The net worth of each heir exceeds $5 billion. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Through its proactive approach and long-term cooperation with both upstream and downstream customers worldwide, the company has developed into a global leading facilitator and arranger by establishment of its oceangoing shipping platform, providing diversified shipping service for Methane (LNG), Ethane, Propane and Butane (LPG), and various petrochemical gas products including Ethylene, Propylene, Butadiene etc. 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. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. 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. 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. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. She and her 3 siblings each hold an 8% stake in the family business. from the University of Houston. 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. Print ad revenue has declined in the same period. She's very well read, independent-minded and proud of her Texas heritage.". He not only had become Houston's richest man, he'd stayed one of its least conspicuous. 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. 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. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. 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. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . Three months later, the TB claimed his mother. 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. 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. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. 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 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. Her role is complex, but the novice actor handles everything thats asked of her extremely well. Levy sold the. They purchased a total of 65,350 shares worth more than $1,573,730.50. 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. Theres a party going on deep in the heart of Texas. He later became one of the largest pipeline operators in the United States. The family fortune has more than doubled . "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. 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. 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. People consume storytelling more than they ever have, Goodgame said. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. 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. 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. 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. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. He was right. Related by financial asset: Enterprise Products Partners L.P. Top party schools in every state. 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,. She inherited $3.1 billion upon the death of her father. 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. Please visitwww.enterpriseproducts.comfor more information. I . 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. Each has an estimated net worth of $6.2 billion. Both Goodgame and Brown expressed great hopes for the companys future under Williams. Slowly but surely she falls for him, even though part of her knows the situation feels off. The Natural Gas Pipelines & Services segment stores and transports natural gas. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. Its now official: This will be the last season of the brilliant series about a media mogul and his family. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Breadcrumb. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . So, who is she? [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. 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. 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. A Right-wing Cabal Took Over Odessas Municipal Government. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. Houston looks for new generation of top givers - Chron Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. If I did it over, I'd never be this lucky again.". 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. . She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. Randa Duncan Williams has a net worth of $7.2 billion. 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. Hobbys group paid $25 million for the magazine in 2016. The ship also has the potential to carry other products such as LPG and ethylene. PATRICK . 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. Enter your email address below to get our daily insider buying and selling report. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. The experience and those of his loved ones made a lasting impression. Are ticket costs pricing Houston Astros fans out of Opening Day? She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. New billionaire owner of Texas Monthly prefers background Duncan had four adult children, each of whom is also a billionaire. Site designed and developed by The MTM Agency. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). These 4 Houstonians cash in on Forbes' list of richest American [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. "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. 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. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. Can College Sports Get More Absurd Than SMU Joining the Pac-12? The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. 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 Williams - Biography Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Grenadiers meet at the Pacific INEOS Grenadier naming ceremony. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Stock photos, 360 images, vectors and videos Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. PACs. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. Insiders at Enterprise Products Partners own 32.6% of the company. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. 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. Randa duncan williams hi-res stock photography and images - Alamy Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. In February this year we launched the Pacific INEOS Belstaff, then the worlds largest ethane carrier, and today alongside our highly anticipated Grenadier 4X4 we have added the second of the worlds largest VLECs to our growing fleet.. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Prior to that, she served as managing editor of Poynter.org. The amount paid for what is called the National Magazine of Texas wasn't disclosed. book to class, Oops! 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. 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." 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 . The gas and oil company is still under family control. The next summer, he began traveling to visit his father wherever he was working. Learn More on Randa Duncan Williams' trading history. 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. 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. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. 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.
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