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. "Major companies wanted to do business with companies with significant assets. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. 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. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. Dan Duncan needs no reminder. At 230 metres it is longer than two American football pitches combined (eight basketball courts). 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. "The one who seemingly came out of nowhere.". While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. Available for both RF and RM licensing. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. 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. 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. The net worth of each heir exceeds $5 billion. As new forms of digital media have changed consumer habits and upended the advertising industry, many traditionally print-based publishing businesses have shut their doors, downsized, or consolidated. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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 should be in good hands under her stewardship, Stein said. 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. 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. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. 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. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. 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. In 2018, according to the Forbes 400, Williams, along with two of her siblings. Alice Walton isnt the only Texan whos a member of the Walton dynasty. the Texanist, is a staff writer. 18 on the Forbes list with a net worth of $15.5 billion. 2023 Forbes Media LLC. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. Theres a party going on deep in the heart of Texas. 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. Hobbys group paid $25 million for the magazine in 2016. Site designed and developed by The MTM Agency. He was dead in a week. book to class, Oops! Randa enjoys the highest profile among the four Duncan siblings. She can treat it more like a non-profit. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. [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. 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. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. 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. 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. 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.. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Williams is the only one of four. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. She and her 3 siblings each hold an 8% stake in the family business. 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 Williams (ne Duncan, born 1960/1961), is an American billionaire heir to the Duncan family fortune (through Enterprise Products, which remains under family control). Related by financial asset: Enterprise Products Partners L.P. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. "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. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. She had strong opinions about things.. Shes highly engaged and not a passive donor, he said, not just throwing money at a cause without knowing the specifics of how it will be allocated. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. His nice guy look hides the type of person his character truly is. Randa is the only one of Dan Duncan's children still involved in the family business. 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. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. But, for some, Williams might not be a household name. 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 . "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. And she intends to provide them., She wants to own it forever, added Brown. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Learn More on Randa Duncan Williams' trading history. 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. He was right. Duncan's rise didn't come without struggles. Both Goodgame and Brown expressed great hopes for the companys future under Williams. Above you can find out the answers to those questions and more. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. What Randa wants to bring is an acceleration of those investmentsto make the print magazine better than ever and extend that same level of excellence in storytelling across other platforms. Learn More on Enterprise Products Partners' active insiders. Details of the transaction werent made public. Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. 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. 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. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. When she gives money, shes selective and wants to ensure it will be spent appropriately. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. Slowly but surely she falls for him, even though part of her knows the situation feels off. Both individuals are. She was elected as a board director in 2010 and as chairman in 2013. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . The vehicle was present as a guest of honour on the quayside as the ceremony took place. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. And how much money does she have, anyways? Submit a correction suggestion and help us fix it! Randa Williams lives in Houston, TX; previous city include La Porte TX. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. They have looked at the business through every lens. Where does she come from? 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. Are ticket costs pricing Houston Astros fans out of Opening Day? 1 of 11. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. 8. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. 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. Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. The terms of the sale were not . Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Williams holds a bachelors degree from Rice University and a J.D. 9. Order books are now open for Europe and other key launch markets. Williams earned herJuris Doctorate from the University of Houston College of Law.
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