Hobbys group paid $25 million for the magazine in 2016. 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. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Randa Duncan 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 net worth of each heir exceeds $5 billion. 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 . Enterprise is Mont Belvieus biggest player. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. 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. They purchased a total of 65,350 shares worth more than $1,573,730.50. Richard Kinder and 10 other Houston billionaires cash in on Forbes list Williams is the only sibling involved in running the family business. Dan Duncan, who died in 2010, left the fortune he amassed as the co-founder and chairman of Enterprise Product Partners to his four children, Dannine Avara, Scott Duncan, Milane Frantz and Randa Williams. 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 . "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 also serves on the governance and capital projects committees. The companys annual sales are around $28 billion. 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.. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Fleeing for Your Life? She joined Enterprise in 1994 as vice president. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. 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. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". 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. 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. 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. (Dave Rossman/For the Chronicle). Dan Duncan founded Enterprise Products Partners in 1968. 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. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. Learn More on Enterprise Products Partners' active insiders. However, the publication last changed hands in 2016 for $25 million. Enterprise Products Partners LP Stock Ownership - WallStreetZen As she recalls the scene, Duncan jokes, "Great line.". Texas Monthly should be in good hands under her stewardship, Stein said. 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. 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. Randa is Duncan's eldest child, at 57. 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. 30 spot with a net worth of $10.8 billion. She and her 3 siblings each hold an 8% stake in the family business. 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. 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!' 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. She was made chairwoman in 2013. 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. Learn More on Randa Duncan Williams' contact information. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. 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. 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. Duncan had four adult children, each of whom is also a billionaire. Williams holds a bachelors degree from Rice University and a J.D. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. 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. Duncan can sneak up on you. Her role is complex, but the novice actor handles everything thats asked of her extremely well. Randa Duncan Williams's Enterprise Products Partners shares are currently valued at $24.98B.If you're new to stock investing, . 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. Whats Up With All the Kangaroos on the Loose in Texas? He was right. Photo courtesy of Texas Monthly/Gittings Photography, These 4 Houstonians cash in on Forbes' list of richest American families, United Way 2014-15_Single Promoted Articles, MD Anderson Breast Cancer Promoted Article, Professional Skin Treatments by NuMe Express, CultureMap Houston Holiday Pop-up Shop 2017, Martha Turner Sotheby's International Realty, Discomfort of subject matter in Palm Trees and Power Lines serves to prove its strength. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Stock photos, 360 images, vectors and videos She doesn't flaunt her wealth by driving fancy cars or other conspicuously flashy indulgences. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. Joe M. Bailey 1996 - present. Support responsible news and fact-based information today! ./Wednesday, Feb. 18, 2009, in Houston. The Hunt family, whose members are descendants of oil wildcatter H.L. 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. David Courtney, a.k.a. 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. New Democratic Party. 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. And how much money does she have, anyways? Wendy Davis Returns to the Texas Capitol and a Whole New Political Landscape. "I remember sitting around the campfire my first venture outside of Texas, listening to other hunters discussing their experiences in Alaska, Canada and Africa," Duncan writes in one of the short pieces he's penned on the joys of hunting. He played college football at the University of Iowa in the Big Ten Conference.He played in two Rose Bowls (January 1957, 1959) and was inducted into the College Football Hall of Fame (1997). David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Jan, whose first marriage failed because her husband didn't want to be married, broke down in tears, moved. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. Both Goodgame and Brown expressed great hopes for the companys future under Williams. In 2018, according to the Forbes 400, Williams, along with two of her siblings. She was named executor of her fathers estate when he died. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. Austin-based Texas Monthly sold to Houston billionaire following Randa enjoys the highest profile among the four Duncan siblings. Sec Form 4 In person, the 73-year-old Duncan hardly fits the billionaire image. The situation in which Lea finds herself is not one that is often confronted in movies, and by wallowing in the misery of it, its as if Deck is refusing to let viewers off the hook by letting them look away. 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 vehicle was present as a guest of honour on the quayside as the ceremony took place. The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Learn More on Randa Duncan Williams' trading history. 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. "The one who seemingly came out of nowhere.". Three months later, the TB claimed his mother. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. Learn More on Enterprise Products Partners' active insiders. Hunt, sit at No. The breakthrough started in the late '90s. Duncan family - Forbes 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 . 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.. Learn More about insider trades at Enterprise Products Partners. Lawyer, environmental consultant. Medicine and education are Duncan's pet causes. 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. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. 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. We are also proud ambassadors of the uncompromising Grenadier 4X4. Outside Spending Groups. Randy Duncan - Wikipedia 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. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. "Giving to the community is a way to make a difference. "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. All rights reserved. The four siblings are tied for the second wealthiest people in Houston. Like her father, Randa stays out of the spotlight. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. 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. Truth be told, there's little left for Duncan to pursue. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. The gas and oil company is still under family control. 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. the Texanist, is a staff writer. And she intends to provide them., She wants to own it forever, added Brown. Did Enterprise dispute the amount? Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. 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. 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. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. 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. "I certainly never expected him to become a billionaire.". (The Duncans come in at No. Grenadiers meet at the Pacific INEOS Grenadier naming ceremony. Sec Form 4 Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. 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. Learn More on Randa Duncan Williams' trading history. 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.. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner 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. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 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,. Related by financial asset: Enterprise Products Partners L.P. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". Why Does He Get to Make That Call? He thought that such a new business niche could make him a profitable living. 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. It provides world class off-road capability and durability to those who depend on a vehicle as a working tool, wherever they are in the world. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. Levy sold the. Forbes recently listed Williams as the ninth wealthiest person in Texas. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. 25 Richest Families in America | Stacker As of February 9, 2023 What is Randa Duncan Williams's Net Worth? 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. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. Details of the transaction werent made public. Top party schools in every state. 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. 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. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. The terms of the sale were not . She can help strengthen the magazine without needing it to be a money maker. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. 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." [8], She lives in Houston with her husband, and they have one child.[7]. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). 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. Are insane ticket costs pricing Astros fans out of Opening Day? If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. 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. She had strong opinions about things.. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. While 2020 has been a nightmare financially for many, some locals have cashed in. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. Her father, Dan Duncan, was the co-founder of Enterprise Products. PATRICK . In the last year, Enterprise Products Partners insiders bought shares 6 times. "Major companies wanted to do business with companies with significant assets. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. [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. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. Investors are already flocking there for a chance at 1,000%+ returns. The ship also has the potential to carry other products such as LPG and ethylene. Alice Walton isnt the only Texan whos a member of the Walton dynasty. A Right-wing Cabal Took Over Odessas Municipal Government. | 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. Hes never overtly pushy; instead, he subtly influences her with kindness and attention.