While 2020 has been a nightmare financially for many, some locals have cashed in. 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. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. 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. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. 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They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. Forbes says the stock generates more than $700 million in annual dividend income for the family. The Natural Gas Pipelines & Services segment stores and transports natural gas. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. And You Thought Feral Hogs Were Bad. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. 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. Report Date Eligible Voters2 Registered Voters Percent . Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, according to reports. 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. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. One of those people was Williamsthough she had not been one of the early suitors. 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. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . from the University of Houston. Both his first and second wife succumbed to cancer. 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 . Duncan's rise didn't come without struggles. All rights reserved. Some brokers just had telephones.". Her role is complex, but the novice actor handles everything thats asked of her extremely well. Fleeing for Your Life? But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. "Giving to the community is a way to make a difference. She was elected as a board director in 2010 and as chairman in 2013. time of the 2009 Sale, by Duncan and members of his family. It also is a story full of tragedy. 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. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. But What Is It? Learn More on Randa Duncan Williams' trading history. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. >>> Scroll through to see which other Houstonians made the list. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. Paul Klotman, M.D. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. She's very well read, independent-minded and proud of her Texas heritage.". The way it played out is poetic.. 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. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. Where does she come from? Its rattlesnake season in Texas. Details of the transaction werent made public. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. The four siblings are tied for the second wealthiest people in Houston. Both Goodgame and Brown expressed great hopes for the companys future under Williams. Are ticket costs pricing Houston Astros fans out of Opening Day? 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. Can College Sports Get More Absurd Than SMU Joining the Pac-12? Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. The impending takeover of HISD by the TEA dates back to 2019, when Wheatley High School triggered a state law by failing to meet accountability standards for seven consecutive years. 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, 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. Enterprise is Mont Belvieus biggest player. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. book to class, Oops! Since the Baylor gifts and the Forbes. All Rights Reserved. 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. For the second time since 2016, Texas Monthly magazine is getting a new owner. The Director DefendantRanda Duncan Williams, O.S . 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. The family fortune has more than doubled . She can help strengthen the magazine without needing it to be a money maker. 13. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. "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. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. He was right. "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. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Duncan was the first overall pick in the 1959 NFL Draft by the Green . 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. 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. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. Information on this page was last updated on 12/27/2022. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. 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. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Since then, he has hunted with the Eskimos of the North in Canada, the Pygmies of the Central African Republic, the Bushman people of Botswana and the nomads of Northern Africa. Seaman Treasurer 1996 - present. June 25, 2019 35 Texas Monthly magazine has a new owner. It wasn't long before it was just the two of them. (Dave Rossman/For the Chronicle). Randa is the only one of Dan Duncan's children still involved in the family business. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. 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. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. He liberated airlines and trucking and enabled the 1980s-1990s boom. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". Natural gas liquids, or NGLs, are feedstocks for petrochemicals. 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. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Additionally, she sits on the board of the University of Texas Health Science Center. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. 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." 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!' 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. 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. Its now official: This will be the last season of the brilliant series about a media mogul and his family. 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. In 1995, Duncan waged his own battle with prostate cancer. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. She joined the company in 1994 and took on the roles of president and CEO in 2001. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. He thought that such a new business niche could make him a profitable living. 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, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". Theres a party going on deep in the heart of Texas. According to its website, it has a, Dr. Patrick Soon-Shiong, the Los Angeles Times, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. "I certainly never expected him to become a billionaire.". Lea seems disconnected from everyone and everything else around her, so when she meets Tom (Jonathan Tucker), a man twice her age, he offers a respite from the monotony/drudgery of her daily life. They have looked under every rock. She and her 3 siblings each hold an 8% stake in the family business. 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. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. It will also be available on VOD for home viewing. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Print ad revenue has declined in the same period. At No. [4], In 2019, she purchased Texas Monthly'. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. Randa Williams Duncan enjoys the highest profile among Houston's richest family. 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.