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Submit a correction suggestion and help us fix it! 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. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. 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. Texas Monthly's New Owner - Texas Monthly These 4 Houstonians cash in on Forbes' list of richest American 25 Richest Families in America | Stacker Richard Kinder and 10 other Houston billionaires cash in on Forbes list Did Enterprise dispute the amount? 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. Houston's richest man raises his profile - Chron Outside Spending Groups. 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. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. 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. Williams is the only sibling involved in running the family business. Forrest Wilder writes about politics and the outdoors. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. As she recalls the scene, Duncan jokes, "Great line.". Details of the transaction werent made public. 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. | 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. 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. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. The ship also has the potential to carry other products such as LPG and ethylene. Forbes also ranks her as tied for the 290th richest person in the world. So, who is she? He thought that such a new business niche could make him a profitable living. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. Randa Duncan Williams, a Houston billionaire and philanthropist. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner She's in the news recently as she just bought her home state's top magazine, Texas Monthly. 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. Grateful for the treatment he received at Baylor and convinced of the need to move cancer research forward, he gave the medical school $100 million two months ago. 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. "Major companies wanted to do business with companies with significant assets. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. She is the Chairwoman of Enterprise's board of directors. 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. While the privately held magazine doesnt publicly discuss its finances, Goodgame said the last few quarters were spent taking this great storytelling brand and extending it from print, which is still very important to us but we want to take that same storytelling out to the newer platforms where audience is growing, and where revenue is growing, and where Texans want to get their storytelling these days.. Learn More on Randa Duncan Williams' trading history. One of those people was Williamsthough she had not been one of the early suitors. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . It made for tough times for Duncan, whose business philosophy was all about growing the company. 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. FC Barcelona head coach Xavi Hernandez has spoken more on his team's 'sensational' defensive performance against Real Madrid in the Copa del Rey semi-final first leg ahead of his team's clash with Valencia in La Liga on Sunday. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. For further information please visit: www.ineosgrenadier.com, Media ContactsRichard Longden (Richard.longden@ineos.com) 0041 21 627 7063 or 0041 7996 26123Andrew McLachlan (andrew@mediazoo.tv) 07931 377162Alex Williams (alex.williams@mediazoo.tv) 07793 207325. Likewise, Tom aside from the inherently creepy idea of a 34-year-old man pursuing a 17-year-old girl doesnt come across as a monster. Albert & Margaret Alkek Foundation - President's Message Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. book to class, Oops! 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." Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. Texas Billionaire Heiress Randa Duncan Williams Prefers To Stay Out Of They have looked under every rock. Whats Up With All the Kangaroos on the Loose in Texas? 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. 8. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. 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. 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. 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). But they don't attend many functions on Houston's social circuit. Prior to that, she served as managing editor of Poynter.org. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Yesteday in Houston, one of the worlds largest ethane carriers came face to face with its namesake, the INEOS Grenadier 4X4, at the ship's official christening ceremony. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. 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. In his later years, his drive to succeed turned to the philanthropic world. 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. Randa enjoys the highest profile among the four Duncan siblings. 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. 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. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. His nice guy look hides the type of person his character truly is. She received . 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. 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. The handoff of ownership becomes official June 30. They purchased a total of 65,350 shares worth more than $1,573,730.50. 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 process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. Learn More on Randa Duncan Williams' trading history. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . It wasn't long before it was just the two of them. The situation in which Lea finds herself is not one that is often confronted in movies, and by wallowing in the misery of it, its as if Deck is refusing to let viewers off the hook by letting them look away. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. Theres An App for That. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. 1 of 11. In the Supreme Court of The State of Delaware Enterprise Products C.a Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. 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. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. 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. Truth be told, there's little left for Duncan to pursue. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. 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. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Business & Economy; 25 richest families in America . Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. 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 . Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. Back home, Duncan was breezing through school. 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. 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. A week later, he became ill with fever and chills. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. 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. 2010 - present. Party affiliation of the mayors of the 100 largest cities The Campaign to Sabotage Texass Public Schools. The EIN for the organization is 59-1630423. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. 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. "I was enthralled by their vivid descriptions. Order books are now open for Europe and other key launch markets. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 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. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. (Dave Rossman/For the Chronicle). The Basses hold down the No. We use cookies to make sure you get the most from our website. 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. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Sold! Randa Duncan Williams buys Texas Monthly, the latest - Poynter The Duncan Family is the 21st-wealthiest family in the world, with a. 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. Duncan said he didn't dwell on his grief in those days, he explains, a young child's concept of life and death wasn't what it is now. That's what makes me emotional.". Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. Randa Duncan Williams and her husband live in Houston, of course. I . While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. She previously served on the board of directors of Encore Bancshares. Almost by definition, Enterprise seemed destined to stay under the radar. 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). In the last year, Enterprise Products Partners insiders bought shares 6 times. 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. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. She is committed to a long-term investment, and that is a great opportunity for us to adopt a set of long-range business drivers.. 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. Williams earned a Bachelor's Degree from Rice University. Hobbys tenure as chairman of Texas Monthly also saw some tumult, including several high-profile staff departures and accusations of editorial impropriety in early 2018, when then editor-in-chief Tim Taliaferro was alleged by the Columbia Journalism Review to have agreed to an arrangement in which the dating app Bumble would pay for social media promotion for a Texas Monthly cover story about Bumble founder Whitney Wolfe Herd. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. But it's easy to give. Heres what you need to know. Related by financial asset: Enterprise Products Partners L.P. While 2020 has been a nightmare financially for many, some locals have cashed in. 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. Digital revenue has grown from 8 percent of ad sales in 2017 to 20 percent in 2019, while event sponsorship revenue has grown from 6 percent to 18 percent of the total. The experience and those of his loved ones made a lasting impression. [3] Due to a temporary repeal in the estate tax law for the year 2010, Duncan became, along with her siblings, one of the first American billionaires to pay no estate tax since its enactment. Sec Form 4 Randy Duncan - Wikipedia PDF Secretary of State - California Robert is the wealthiest of the foursome. 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. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". 10 things to know about Randa Duncan Williams, the Houston - Chron 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.. "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. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. Each has an estimated net worth of $6.2 billion. However, the publication last changed hands in 2016 for $25 million. At 230 metres it is longer than two American football pitches combined (eight basketball courts). Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. They have one child. She sits on the board of the University of Texas Health Science Center where a clinic is named after her father at the Children's Learning Institute. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. The vehicle was present as a guest of honour on the quayside as the ceremony took place. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. "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. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. Their net worth: $247 billion. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 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. Her father Dan Duncan became the first American billionaire to pass his fortune tax-free to his descendants due to a temporary repeal of the estate tax law in 2010. She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. from the University of Houston. Randa Duncan Williams. City Employees Are Heading for the Exits. (The Duncans come in at No. Profession. 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. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. Lawyer, environmental consultant. Please visitwww.enterpriseproducts.comfor more information. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Three months later, the TB claimed his mother. On this Wikipedia the language links are at the top of the page across from the article title. Are ticket costs pricing Houston Astros fans out of Opening Day? It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Can College Sports Get More Absurd Than SMU Joining the Pac-12? Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model.