She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. 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. 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. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. time of the 2009 Sale, by Duncan and members of his family. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . Heres what you need to know. Prior to that, she served as managing editor of Poynter.org. "What's unique, besides your assets and staff, is your relationships. 1 of 11. Randa Duncan Williams. 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. 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. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. INEOS makes major $1.4 billion acquisition of US onshore oil and gas assets, INEOS Announces Closing of Offering of Senior Secured Notes Due 2028. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. 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. 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. 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. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. Randa Williams lives in Houston, TX; previous city include La Porte TX. 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. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". Are insane ticket costs pricing Astros fans out of Opening Day? Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. Hailed by some for the vision to focus on natural gas decades before it overtook oil as a hot commodity, by others for the perseverance to survive the industry's ups and downs, Duncan instead attributes much of his success to chance. 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. | 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. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Like her father, Randa stays out of the spotlight. 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.. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Forbes recently listed Williams as the ninth wealthiest person in Texas. The breakthrough started in the late '90s. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. 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. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. book to class, Oops! 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. Learn More about insider trades at Enterprise Products Partners. Forbes says the stock generates more than $700 million in annual dividend income for the family. Can College Sports Get More Absurd Than SMU Joining the Pac-12? She received . Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. 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). Randa is the only one of Dan Duncan's children still involved in the family business. One of those people was Williamsthough she had not been one of the early suitors. 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. 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. However, the publication last changed hands in 2016 for $25 million. When she gives money, shes selective and wants to ensure it will be spent appropriately. Shes very well read, independent-minded and proud of her Texas heritage.. Dan Duncan needs no reminder. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. A Right-wing Cabal Took Over Odessas Municipal Government. 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. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. 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.. We report on vital issues from politics to education and are the indispensable authority on the Texas scene, covering everything from music to cultural events with insightful recommendations. June 25, 2019 35 Texas Monthly magazine has a new owner. Related by financial asset: Enterprise Products Partners L.P. 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. Levy sold the. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . At No. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . Randa Duncan was born to Barbara Ann and Dan Duncan. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. (Dave Rossman/For the Chronicle). Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. City Employees Are Heading for the Exits. Mimi Swartz is a staff writer based in Houston. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. By the time she discovers the truth about Toms life, it may be too late to go back. Fleeing for Your Life? Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. The way it played out is poetic.. The Director DefendantRanda Duncan Williams, O.S . Randa is Duncan's eldest child, at 57. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. Above you can find out the answers to those questions and more. 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." According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. Back home, Duncan was breezing through school. They have looked under every rock. If I did it over, I'd never be this lucky again.". Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. 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. She previously served on the board of directors of Encore Bancshares. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. She loves Texas Monthly as much as anybody ever did. 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. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. 2010 - present. Are insane ticket costs pricing Astros fans out of Opening Day? That's what makes me emotional.". [4], In 2019, she purchased Texas Monthly'. Duncan can sneak up on you. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. A Texas history buff owning a magazine about Texas seems like a natural fit. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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, Paul Hobby, for an undisclosed amount. At 230 metres it is longer than two American football pitches combined (eight basketball courts). 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. 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. 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. One example is Houstons Duncan family, with a net worth of $22 billion, who once again appear on the annual Forbes ranking of America's richest families. Chart Data in Insider Trading History Table. Its now official: This will be the last season of the brilliant series about a media mogul and his family. Are ticket costs pricing Houston Astros fans out of Opening Day? TikTok Is Banking On Project Texas to Avoid a U.S. Ban. [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. 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. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. In 1995, Duncan waged his own battle with prostate cancer. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. Use Next and Previous buttons to navigate. They have looked at the business through every lens. Whats Up With All the Kangaroos on the Loose in Texas? Joe M. Bailey 1996 - present. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. Texas Monthly has a new owner. 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. For the second time since 2016, Texas Monthly magazine is getting a new owner. 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. 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. We know that Randa's political affiliation is unknown . After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. 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. Theres An App for That. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. 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. 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. Are ticket costs pricing Houston Astros fans out of Opening Day? This is a carousel. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. While 2020 has been a nightmare financially for many, some locals have cashed in. 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. Randa Duncan Williams and her husband live in Houston, of course. 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. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. 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. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. Forrest Wilder writes about politics and the outdoors. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. Information on this page was last updated on 12/27/2022. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. In his later years, his drive to succeed turned to the philanthropic world. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. INEOS is a Registered Trademark, the property of INEOS Capital Limited. Randa Williams is 61 years old and was born on 08/28/1961. Looking for a product? Randa Williams is marred to her husband, Charles A. Williams. The gift dwarfed any previous donation to the Texas Medical Center. 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. Enterprise Products Partners has a market value of $63 billion. Duncan was part of an illustrious Houston philanthropic . [8], She lives in Houston with her husband, and they have one child.[7]. The amount paid for what is called the National Magazine of Texas wasn't disclosed. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. book to class, Oops! Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. On this Wikipedia the language links are at the top of the page across from the article title. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. 2023 Forbes Media LLC. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. >>> Scroll through to see which other Houstonians made the list. 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. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. 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. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. 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. What Randa wants to bring is an acceleration of those investmentsto make the print magazine better than ever and extend that same level of excellence in storytelling across other platforms. Fire Ants Have Unleashed Chaos in Texas for Decades. The Duncan Family is the 21st-wealthiest family in the world, with a. 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. PATRICK . Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. Hints and clues to help you with today's Wordle. Lawyer, environmental consultant. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Please visitwww.enterpriseproducts.comfor more information. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. If you earn people's trust, you'll receive the first call when they want to make a deal.". 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. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. West Texans Are Learning What It Means to Live in Bear Country, H-E-Bs True Texas BBQ Restaurant Is Slipping, How Florence ButtNot Her SonLaunched the H-E-B Empire. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. He was right. 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. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. Print ad revenue has declined in the same period. Like her daddy, she prefers to keep a low profile. Use our Product finder instead. Enterprise Products Partners can also be reached via phone at (713) 381-6500 and via email at [emailprotected] Learn More on Randa Duncan Williams' contact information. "Major companies wanted to do business with companies with significant assets. 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. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank.
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