A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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. Joe M. Bailey 1996 - present. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. Breadcrumb. Please visitwww.enterpriseproducts.comfor more information. 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. Some brokers just had telephones.". Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Duncan was part of an illustrious Houston philanthropic . Alice Walton isnt the only Texan whos a member of the Walton dynasty. Chart Data in Insider Trading History Table. Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. . The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. 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. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. 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. Investors are already flocking there for a chance at 1,000%+ returns. 30 spot with a net worth of $10.8 billion. Author John Graves Was a Literary Godfather to Texas Monthly, Red McCombs Turned Old San Antonio on Its Head, Attorney General Ken Paxton Agrees to Apologize and Pay $3.3 Million to Whistleblowers, Running Into Fire: The Legacy of Jeff Blackburn. Both Goodgame and Brown expressed great hopes for the companys future under Williams. Lawyer, environmental consultant. Randa Williams is 61 years old and was born on 08/28/1961. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? 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. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner Leave them blank to get signed up. Barbara Allen is the director of college programming for Poynter. She received . City Employees Are Heading for the Exits. 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!' Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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. Copyright 2022. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. David Courtney, a.k.a. Her father, Dan Duncan, was the co-founder of Enterprise Products. 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 . Available for both RF and RM licensing. Political party. "Giving to the community is a way to make a difference. 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. Texas Monthly should be in good hands under her stewardship, Stein said. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. 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. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Randa Duncan was born to Barbara Ann and Dan Duncan. 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. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. The current estimated net worth of Enterprise. The partnerships assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. 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 . Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. Randa Duncan Williams. 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. 14. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. 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. When he was 3 1/2 , his mother came down with tuberculosis. She's an attorney, a serious Texas history buff, a mother, a billionaire heiress, and the chairwoman of Enterprise Product Partners. His nice guy look hides the type of person his character truly is. Both individuals are Houstonians. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. And You Thought Feral Hogs Were Bad. 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. Randa is the only one of Dan Duncan's children still involved in the family business. At 230 metres it is longer than two American football pitches combined (eight basketball courts). How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. time of the 2009 Sale, by Duncan and members of his family. When she gives money, shes selective and wants to ensure it will be spent appropriately. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. People in the industry say he has no ego. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. Did Enterprise dispute the amount? Learn More on Randa Duncan Williams' contact information. 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.. Williams earned herJuris Doctorate from the University of Houston College of Law. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. 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. The handoff of ownership becomes official June 30. More than 100 of the trophies at the Double D were bagged by Duncan's wife, Jan, a city girl and relative novice at the sport until the two married in 1989. 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). 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. Stock photos, 360 images, vectors and videos 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. [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. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. Randa Duncan Williams has a net worth of $7.2 billion. Randa Duncan Williams Vice President 1996 - present. 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. 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. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. Texas Monthly has a new owner. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. The Director DefendantRanda Duncan Williams, O.S . And she intends to provide them., She wants to own it forever, added Brown. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. 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. | 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. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of 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. Palm Trees and Power Lines opens on March 3 in select theaters. A week later, he became ill with fever and chills. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. 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. Levy sold the. 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. 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. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Why Does He Get to Make That Call? He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. Paul Klotman, M.D. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. Thanks to a routine annual physical required by banks "When you owe millions of dollars, they worry about your health," he said it was caught early and, after radical surgery with a nerve-sparing technique, he made a full recovery. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. Details of the transaction werent made public. Hints and clues to help you with today's Wordle. >>> Scroll through to see which other Houstonians made the list. It also is a story full of tragedy. Enter your email address below to get our daily insider buying and selling report. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. As she recalls the scene, Duncan jokes, "Great line.". Submit a correction suggestion and help us fix it! 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. 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. 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. 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. 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. Handout / Texas Monthly Show More Show Less 2 of 11. PACs. I remember Randa as being very engaged and politically active, Stein said. 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." In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Written and directed by Jamie Deck, with help from co-writer Audrey Findlay, the film is profoundly difficult to watch, as viewers are witness to a slow-motion train wreck that they are powerless to stop. 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. Randa Duncan Williams, a Houston billionaire and philanthropist. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. 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. 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 . One of those people was Williamsthough she had not been one of the early suitors. the Texanist, is a staff writer. Enemies are nowhere to be found. [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. It's receiving that's harder. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. 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 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. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. Its now official: This will be the last season of the brilliant series about a media mogul and his family. 1 of 11. So, who is she? Williams earned a Bachelor's Degree from Rice University. 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. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. 9. Theres An App for That. She and her 3 siblings each hold an 8% stake in the family business. Randa is Duncan's eldest child, at 57. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. Randa Williams Duncan enjoys the highest profile among Houston's richest family. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large .