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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. When she gives money, shes selective and wants to ensure it will be spent appropriately. Levy sold the. She can treat it more like a non-profit. Donald Trumps real net worth? The four children of pipeline mogul Dan Duncan Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara, and Scott Duncan inherited a $10 billion estate from their father when he died in . Randa Duncan Williams - Forbes 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. 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 . It will also be available on VOD for home viewing. Dave Rossman, freelance / For the Chronicle. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. He liberated airlines and trucking and enabled the 1980s-1990s boom. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. She was made chairwoman in 2013. At 230 metres it is longer than two American football pitches combined (eight basketball courts). A Texas history buff owning a magazine about Texas seems like a natural fit. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. As she recalls the scene, Duncan jokes, "Great line.". 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. the Texanist, is a staff writer. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. Like her daddy, she prefers to keep a low profile. Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. He thought that such a new business niche could make him a profitable living. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. Acknowledging the sudden attention, he said he can't give to all the worthy causes, but does expect to continue giving big donations in the future. She and her 3 siblings each hold an 8% stake in the family business. And she intends to provide them., She wants to own it forever, added Brown. It's receiving that's harder. The Basses hold down the No. 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. 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. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. Some brokers just had telephones.". His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. 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. Prior to that, she served as managing editor of Poynter.org. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. "I tell them no. His nice guy look hides the type of person his character truly is. That requires resources. 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. Dan Duncan needs no reminder. Why Does He Get to Make That Call? 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. They have looked at the business through every lens. 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. 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. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. He was dead in a week. The way it played out is poetic.. 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.. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. Palm Trees and Power Lines opens on March 3 in select theaters. Learn More on Randa Duncan Williams' trading history. If I did it over, I'd never be this lucky again.". ", Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten, New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI, "10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly", "Texas Monthly gets new ownership, again", Forbes: The World's Billionaires - Randa Williams, https://en.wikipedia.org/w/index.php?title=Randa_Williams&oldid=1108418741, American businesspeople in the oil industry, Creative Commons Attribution-ShareAlike License 3.0, holding an 8% stake in Enterprise Products, This page was last edited on 4 September 2022, at 08:21. Each has an estimated net worth of $6.2 billion. Dan Duncan founded Enterprise Products Partners in 1968. 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. 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. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Here are the 15 richest people in Texas, according to Forbes [8], She lives in Houston with her husband, and they have one child.[7]. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. In 2018, according to the Forbes 400, Williams, along with two of her siblings. Randa L Williams, 61 - Houston, TX - Reputation & Contact Details Texas Monthly magazine sold to Enterprise Products affiliate led by The companys annual sales are around $28 billion. Sec Form 4 Duncan was the first overall pick in the 1959 NFL Draft by the Green . 30 spot with a net worth of $10.8 billion. 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. However, the publication last changed hands in 2016 for $25 million. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. Forbes says the stock generates more than $700 million in annual dividend income for the family. He later became one of the largest pipeline operators in the United States. That mindset has continued as a philanthropist, he said. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. He was a low profile billionaire in a profitable but unsexy business. 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). Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Alice Walton isnt the only Texan whos a member of the Walton dynasty. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. He was right. The amount paid for what is called the National Magazine of Texas wasn't disclosed. A year and a half later, his worth now at $6 billion, his profile raised by a $100 million gift to Baylor College of Medicine, Duncan remains one of the city's least known heavy hitters. Use our Product finder instead. 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. 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. Use Next and Previous buttons to navigate. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. 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. Learn More on Enterprise Products Partners' active insiders. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. 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. Williams also made The Houston Chronicle's, Brett Coomer, Houston Chronicle / Staff photographer, 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. 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. PATRICK . Hobbys group paid $25 million for the magazine in 2016. For the second time in less than three years, Texas Monthly has a new owner. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. The children Dannine Avara, Scott Duncan, Milane Frantz, and Randa Williams inherited a tax-free $10 billion share of their father's estate following his death in 2010, when the so . Need to know more? Duncan had four adult children, each of whom is also a billionaire. 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. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Duncan was part of an illustrious Houston philanthropic . 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. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Shes very well read, independent-minded and proud of her Texas heritage.. Randa Williams lives in Houston, TX; previous city include La Porte TX. She received . This website is published by INEOS on behalf of its businesses. But they don't attend many functions on Houston's social circuit. Shes a trained lawyer, a Texas history buff, a devoted mother, a billionaire heiress and the chairwoman of the largest Houston company that isnt a household name. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. 1 of 11. Handout / Texas Monthly Show More Show Less 2 of 11. Besides the Double D ranch, the Duncans have two houses a vacation home in Santa Fe, N.M., and a 35,000-square-foot colonial style plantation house in River Oaks, complete with wine cellar, pool house, old European tapestries and furniture, linen-fold paneling and hand-painted, biblically themed Delft tiles. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. This is a carousel. Randa Duncan Williams is a businessperson who has been at the helm of 5 different companies and presently occupies the position of Non-Executive Chairman for Enterprise Products Partners LP, Chairman for Enterprise Products Co., President of DLD Family Investments LLC and Chairman for EPCO Holdings, Inc. Randa Duncan Williams and her husband live in Houston, of course. 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." 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