A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. 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. Texas Monthly should be in good hands under her stewardship, Stein said. He also gave $35 million to Baylor's new outpatient clinic and $10 million to the Children's Learning Institute at the University of Texas Health Science Center at Houston to create a neurodevelopmental clinic. 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. Williams is the only sibling involved in running the family business. 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. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. The gas and oil company is still under family control. This website is published by INEOS on behalf of its businesses. 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. Built in Jiangnan, China and operated by Pacific Gas, the Pacific INEOS Grenadier ismade of approximately 18,000 tonnes of steel and 40,000 metres of piping. 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 . 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. Insiders at Enterprise Products Partners own 32.6% of the company. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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.. Enterprise Products Partners' insider roster includes Graham Bacon (COO), Carin Barth (Director), Richard Boss (EVP of Accounting), W. Fowler (Co-CEO), John Rutherford (Director), AJ Teague (CEO), and Randa Williams (Director). 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. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. She also serves on the boards of trustees for numerous charitable organizations. | 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. Hints and clues to help you with today's Wordle. Randa Duncan Williams Vice President 1996 - present. All rights reserved. For example, preservation of food and clean water; construction of wind turbines, solar panels and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications. A week later, he became ill with fever and chills. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Dan Duncan founded Enterprise Products Partners in 1968. Williams holds a bachelors degree from Rice University and a J.D. 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. Members of St. Theresa Catholic Church in Memorial Park, the couple say they're shy, more comfortable working behind the scenes than in the limelight. The ship also has the potential to carry other products such as LPG and ethylene. "What's unique, besides your assets and staff, is your relationships. time of the 2009 Sale, by Duncan and members of his family. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. 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. 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. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. She previously served on the board of directors of Encore Bancshares. The amount paid for what is called the National Magazine of Texas wasn't disclosed. 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. I . Profession. "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. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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!' Ms. Williams is the Chairman of Enterprise Products Holdings LLC. Available for both RF and RM licensing. Slowly but surely she falls for him, even though part of her knows the situation feels off. The four siblings are tied for the second wealthiest people in Houston. 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. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. 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 . 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. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large oil storage facility on the Gulf Coast. "The one who seemingly came out of nowhere.". Alice Walton isnt the only Texan whos a member of the Walton dynasty. 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. I especially enjoy the longform storytelling that has helped earn the magazine fourteen National Magazine Awardsthe industrys equivalent of an Oscarover its 46-year history. Mimi Swartz is a staff writer based in Houston. Reflects change since 5 pm ET of prior trading day. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. 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. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. Can College Sports Get More Absurd Than SMU Joining the Pac-12? 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. Enterprise was sailing along in the early 1980s with more than $350 million of assets (including those of the just-purchased Wanda), when interest rates doubled. Both his first and second wife succumbed to cancer. ./Wednesday, Feb. 18, 2009, in Houston. 14. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Williams is the only one of four. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. She was named executor of her fathers estate when he died. Need to know more? 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. 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 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. 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. It wasn't long before it was just the two of them. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. 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). 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. Almost by definition, Enterprise seemed destined to stay under the radar. One of those people was Williamsthough she had not been one of the early suitors. 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. Randa Duncan Williams - Director, Enterprise Products Partners Lp. 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. Site designed and developed by The MTM Agency. Enterprise is Mont Belvieus biggest player. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. 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. It's receiving that's harder. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner [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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of 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. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. 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. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Their net worth: $247 billion. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. A Right-wing Cabal Took Over Odessas Municipal Government. 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. 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." 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. Scott B. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. At 230 metres it is longer than two American football pitches combined (eight basketball courts). My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. The next summer, he began traveling to visit his father wherever he was working. Randa is the only one of Dan Duncan's children still involved in the family business. She had strong opinions about things.. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. When she gives money, shes selective and wants to ensure it will be spent appropriately. Williams was quoted in a release as saying, My family is delighted to provide the resources to support this iconic Texas institution which is nationally recognized for its editorial flair.. That's what makes me emotional.". Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. 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. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . 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. 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. The Basses hold down the No. Randa Williams Duncan enjoys the highest profile among Houston's richest family. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. For the second time since 2016, Texas Monthly magazine is getting a new owner. Randa Williams lives in Houston, TX; previous city include La Porte TX. 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 . She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge. The gift dwarfed any previous donation to the Texas Medical Center. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. (The Duncans come in at No. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. 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. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. 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. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. They have looked at the business through every lens. Are ticket costs pricing Houston Astros fans out of Opening Day? 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. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. Report Date Eligible Voters2 Registered Voters Percent . Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. He not only had become Houston's richest man, he'd stayed one of its least conspicuous. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. 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. 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. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. PATRICK . (Dave Rossman/For the Chronicle). 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. However, the publication last changed hands in 2016 for $25 million. Randa Williams is marred to her husband, Charles A. Williams. I remember Randa as being very engaged and politically active, Stein said. She was elected as a board director in 2010 and as chairman in 2013. 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. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. He liberated airlines and trucking and enabled the 1980s-1990s boom. book to class, Oops! David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Business & Economy; 25 richest families in America . Dave Rossman, freelance / For the Chronicle. Learn More on Randa Duncan Williams' trading history. Enterprise Products Partners has a market value of $63 billion. She loves Texas Monthly as much as anybody ever did. 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. 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. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. 9. Medicine and education are Duncan's pet causes. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. 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. Since the Baylor gifts and the Forbes. She inherited $3.1 billion upon the death of her father. 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. If you earn people's trust, you'll receive the first call when they want to make a deal.". Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Within a year, Enterprise completed the first facility of its now-mammoth complex near the salt domes at Mont Belvieu, 25 miles east of Houston. After a stint in the Army in the mid-1950s he was stationed in Germany doing radio communications Duncan moved to Houston and went back to school. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. 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. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . 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. Duncan's rise didn't come without struggles.
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