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. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. He was only half kidding. 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.. 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. 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. 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. 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 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,. [8], She lives in Houston with her husband, and they have one child.[7]. Related by financial asset: Enterprise Products Partners L.P. But they don't attend many functions on Houston's social circuit. Order books are now open for Europe and other key launch markets. 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. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. He was a low profile billionaire in a profitable but unsexy business. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. Enterprise is Mont Belvieus biggest player. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. These Common Units are owned directly by The Randa Duncan Williams 2018 Family Trust (the "RDW Family Trust"), for which Ms. Williams serves as a director of an entity trustee. She had strong opinions about things.. 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. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. In addition to a more robust web presence, Texas Monthly has introduced new podcasts and new live events such as Texas Monthly LIVE and the annual EDGE: The Texas Monthly Festival. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Learn More on Enterprise Products Partners' active insiders. 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. Goodgame said hes proud of Texas Monthlys recent growth across platforms that extends to live events, podcasts and beyond. 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. Since the Baylor gifts and the Forbes. Houston billionaire Randa Duncan Williams, chairwoman of midstream giant Enterprise Product Partners LP and daughter of its late founder, leads the company that has now acquired Texas Monthly. Alice Walton isnt the only Texan whos a member of the Walton dynasty. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. 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. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. At No. 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. 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. 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 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. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. 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. 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. Barbara Allen is the director of college programming for Poynter. Dan Duncan needs no reminder. Back home, Duncan was breezing through school. 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. The Hunt family, whose members are descendants of oil wildcatter H.L. The four Bass brothers Sid, Edward, Robert, and Lee each inherited $2.8 billion from their oil tycoon uncle Sid Richardson after his death in 1959. [5][6], Williams is a member of the board of trustees for the Houston Zoo, was a member of the board of trustees for the Houston Museum of Natural Science since 1995 and its chairman. 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. 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. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. 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. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. The next summer, he began traveling to visit his father wherever he was working. When she gives money, shes selective and wants to ensure it will be spent appropriately. Forrest Wilder writes about politics and the outdoors. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. Details of the transaction werent made public. The terms of the sale were not . Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. She can help strengthen the magazine without needing it to be a money maker. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. Editor-in-chief Dan Goodgame said the mood around the office is light, and hes spent the day responding to well-wishers via email and text. Forbes also ranks her as tied for the 290th richest person in the world. 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. 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. We have the journalists and photographers and designers to do that well already, and we will continue to grow new muscles to do it in new ways. That means not only more podcasts and events and web journalism but also, he said, a new focus on selling Texas Monthly stories to producers of movies, streaming video, and TV series. About Enterprise Products:Enterprise Products Partners L.P. (NYSE: EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. "The thing about Dan is that he's so down-home and humble that when you first meet him, it'd be easy to get the impression he's just one of the guys," said Bill Waldheim, president of Duke Energy Field Services, one of Duncan's competitors. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. 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. He later became one of the largest pipeline operators in the United States. Profession. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. [4], In 2019, she purchased Texas Monthly'. If youve been thirsty for a legitimately huge UFC pay-per-view event, one that bridges the gap between casual mixed martial arts fans and the hardcore, there is one on the doc for Saturday night at the T-Mobile Arena in Las Vegas. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. 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. Williams earned herJuris Doctorate from the University of Houston College of Law. We use cookies to make sure you get the most from our website. Donald Trumps real net worth? 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.. Top party schools in every state. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. The ship also has the potential to carry other products such as LPG and ethylene. 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. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. EPCO, Texas Monthlys new parent company, also owns various commercial real estate and ranching ventures, as well as a substantial stake in Enterprise Products Partners. Randa Williams is marred to her husband, Charles A. Williams. 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. The Breakfast Klub sues prominent City Hall consultant for fraud, Texas wants to ban delta-8, but veterans are pushing back, Exclusive: Abbott explains push against diversity hiring programs, Lauren Daigle at Houston Rodeo: 'God always has your number', Galveston gets fourth Carnival Cruise Line, UH, Texas A&M removing DEI statements from hiring practices, Man dead, person arrested after suspected homicide in League City, 1960s River Oaks strip center to be replaced by luxe apartments, Houston is the most stressful city to work in, says new study, Houston battery recycling startup ACE partners with China's GGE, CERAWeek is growing with Houstons energy industry, Business calendar of upcoming events in the Houston area, New tech will help you and Siri, Google and Alexa work better. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. Are insane ticket costs pricing Astros fans out of Opening Day? She joined Enterprise in 1994 as vice president. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. Randa enjoys the highest profile among the four Duncan siblings. 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. 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. This is a carousel. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. While 2020 has been a nightmare financially for many, some locals have cashed in. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. The amount paid for what is called the National Magazine of Texas wasn't disclosed. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. 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. People consume storytelling more than they ever have, Goodgame said. Enter your email address below to get our daily insider buying and selling report. "I was enthralled by their vivid descriptions. It made for tough times for Duncan, whose business philosophy was all about growing the company. 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. At 230 metres it is longer than two American football pitches combined (eight basketball courts). PATRICK . Texas Monthly has a new owner. 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 . It will also be available on VOD for home viewing. 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. Whats Up With All the Kangaroos on the Loose in Texas? In his later years, his drive to succeed turned to the philanthropic world. 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. Randa is the only one of Dan Duncan's children still involved in the family business. 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 can treat it more like a non-profit. 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. Randa Duncan Williams. In Palm Trees and Power Lines, Lea (Lily McInerny) is a 17-year-old girl on summer break in Southern California, spending her days lying out in the sun and hanging out with her best friend, Amber (Quinn Frankel), among others. Hobbys group paid $25 million for the magazine in 2016. They have looked at the business through every lens. 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. PACs. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. 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. All rights reserved. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. book to class, Oops! Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. Randa Duncan was born to Barbara Ann and Dan Duncan. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. He thought that such a new business niche could make him a profitable living. It also is a story full of tragedy. Need to know more? [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. Support responsible news and fact-based information today! It wasn't long before it was just the two of them. Learn More on Randa Duncan Williams' trading history. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. 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. 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 vehicle was present as a guest of honour on the quayside as the ceremony took place. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. 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. ./Wednesday, Feb. 18, 2009, in Houston. I . Reflects change since 5 pm ET of prior trading day. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . "People sometimes ask me if I had to do it over again, would I do something different," said Duncan, reflecting on his career during a recent return flight from his ranch. She also serves on the governance and capital projects committees. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. The current estimated net worth of Enterprise. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. 2023 Celebrity Net Worth / All Rights Reserved. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. 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). And how much money does she have, anyways? 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. Looking for a product? This is the way she wants to contribute to Texas, Stein said, by keeping an iconic publication going., New billionaire owner of Texas Monthly prefers background, Timeline: How battle between Houston ISD, TEA has reached the point of a looming takeover. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. Like her father, Randa stays out of the spotlight. 14. 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. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. Please visitwww.enterpriseproducts.comfor more information. Handout / Texas Monthly Show More Show Less 2 of 11. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Theres An App for That. Use Next and Previous buttons to navigate. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. However, the publication last changed hands in 2016 for $25 million. The diligence process has been exhaustive, and they believe in Texas Monthly., Terms of the deal, which is set to close on June 30, 2019, were not disclosed. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. 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 Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. As she recalls the scene, Duncan jokes, "Great line.".
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