Follow me!">
On HoustonChronicle.com:Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, "I have been an avid Texas Monthly reader since I was a teenager," Williams, who will control the magazine through Enterprise Partners Co., said in a statement. Breadcrumb. Are ticket costs pricing Houston Astros fans out of Opening Day? She can treat it more like a non-profit. 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. [4], In 2019, she purchased Texas Monthly'. 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. He was right. 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. The Grenadier 4X4 combines British spirit and design with German engineering rigour. She was made chairwoman in 2013. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. She also serves on the boards of trustees for numerous charitable organizations. >>> Scroll through to see which other Houstonians made the list. Joe M. Bailey 1996 - present. We use cookies to make sure you get the most from our website. 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. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. 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. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. Mimi Swartz is a staff writer based in Houston. The family fortune has more than doubled . Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. She can recall, paragraph by paragraph, Texas Monthly articles from ten years ago.. 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 . All rights reserved. New Democratic Party. She and her 3 siblings each hold an 8% stake in the family business. Paul Klotman, M.D. 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. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Based on Enterprise's proxy statement for the deal, the reporter calculated that "this fellow Dan Duncan" had a net worth of more than $4 billion, good for 40th in the magazine's annual ranking of wealthiest Americans. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. I remember Randa as being very engaged and politically active, Stein said. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. 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. She's very well read, independent-minded and proud of her Texas heritage.". The way it played out is poetic.. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". Texas Monthly has won 13 National Magazine Awards, and editors have included William Broyles Jr., later a successful screenwriter, and Evan Smith, co-founder of The Texas Tribune. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Their net worth: $247 billion. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. 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 will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. However, the publication last changed hands in 2016 for $25 million. Submit a correction suggestion and help us fix it! Randa Duncan Williams, 59, is the non-executive chairman of Enterprise Products Partners, founded by her father Dan Duncan. 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. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? 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. 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. 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. Above you can find out the answers to those questions and more. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. Randa is Duncan's eldest child, at 57. 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 experience and those of his loved ones made a lasting impression. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. book to class, Oops! Through its proactive approach and long-term cooperation with both upstream and downstream customers worldwide, the company has developed into a global leading facilitator and arranger by establishment of its oceangoing shipping platform, providing diversified shipping service for Methane (LNG), Ethane, Propane and Butane (LPG), and various petrochemical gas products including Ethylene, Propylene, Butadiene etc. Fire Ants Have Unleashed Chaos in Texas for Decades. Slowly but surely she falls for him, even though part of her knows the situation feels off. Enterprise was sailing along in the early 1980s with more than $350 million of assets (including those of the just-purchased Wanda), when interest rates doubled. She also serves on the governance and capital projects committees. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. 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. In February this year we launched the Pacific INEOS Belstaff, then the worlds largest ethane carrier, and today alongside our highly anticipated Grenadier 4X4 we have added the second of the worlds largest VLECs to our growing fleet.. Top party schools in every state. Use our Product finder instead. Yesteday in Houston, one of the worlds largest ethane carriers came face to face with its namesake, the INEOS Grenadier 4X4, at the ship's official christening ceremony. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. The amount paid for what is called the National Magazine of Texas wasn't disclosed. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. Texas Monthly should be in good hands under her stewardship, Stein said. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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.. Forbes also ranks her as tied for the 290th richest person in the world. In addition to a more robust web presence, Texas Monthly has introduced new podcasts and new live events such as Texas Monthly LIVE and the annual EDGE: The Texas Monthly Festival. On his first date with Jan, six months after Billie's death, Duncan spoke of how he loved to be married, how he would still be married if his wife hadn't died. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon It wasn't long before it was just the two of them. 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. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). The net worth of each heir exceeds $5 billion. 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. Need to know more? Are insane ticket costs pricing Astros fans out of Opening Day? Williams is the only one of four. 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. Enterprise Products Partners' insider roster includes Graham Bacon (COO), Carin Barth (Director), Richard Boss (EVP of Accounting), W. Fowler (Co-CEO), John Rutherford (Director), AJ Teague (CEO), and Randa Williams (Director). 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. Investors are already flocking there for a chance at 1,000%+ returns. 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. [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. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. 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. Print ad revenue has declined in the same period. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. Randa Duncan Williams Vice President 1996 - present. She had strong opinions about things.. 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!' People in the industry say he has no ego. the Texanist, is a staff writer. On this Wikipedia the language links are at the top of the page across from the article title. 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 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. Reflects change since 5 pm ET of prior trading day. David Courtney, a.k.a. But they don't attend many functions on Houston's social circuit. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. Digital revenue has grown from 8 percent of ad sales in 2017 to 20 percent in 2019, while event sponsorship revenue has grown from 6 percent to 18 percent of the total. 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. Williams earned herJuris Doctorate from the University of Houston College of Law. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. The journalistic integrity and quality for which Texas Monthly is known will remain unchanged as we build upon what Genesis Park has done over the past two years., Hobby praised Williams as a quiet, smart, and decisive leader. Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. His nice guy look hides the type of person his character truly is. Looking for a product? The gift dwarfed any previous donation to the Texas Medical Center. 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. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. Enterprise Products Partners has a market value of $63 billion. His eldest daughter, Randa Duncan Williams, acknowledges that he wasn't around that much, but she said that wasn't uncommon among her circle of friends. 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,. Theyre looking at it the way you look at something you love and that you want to build and that youre going to be patient with.. Shes very well read, independent-minded and proud of her Texas heritage.. Each has an estimated net worth of $6.2 billion. 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). The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. 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. Get the Poynter newsletter that's right for you. June 25, 2019 35 Texas Monthly magazine has a new owner. Details of the transaction werent made public. 1This 123-Day Report of Registration for apresidential general election is the second report of its kind; therefore, its data is being compared to the first 124-Day Report of Registration on July 7, 2016, and the 154Day Reports of . 13. The breakthrough started in the late '90s. This is the way she wants to contribute to Texas, Stein said, by keeping an iconic publication going., New billionaire owner of Texas Monthly prefers background, Timeline: How battle between Houston ISD, TEA has reached the point of a looming takeover. Charles Butt is chairman and CEO of the H-E-B grocery chain, based in San Antonio and parent company of Dallas-based Central Market. 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." The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Whats Up With All the Kangaroos on the Loose in Texas? One example is Houstons Duncan family, with a net worth of $22 billion, who once again appear on the annual Forbes ranking of America's richest families. She loves Texas Monthly as much as anybody ever did. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. Insiders at Enterprise Products Partners own 32.6% of the company. Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. Dan Duncan needs no reminder. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. He was only half kidding. He was dead in a week. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. 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. They just do it in many different ways today. You can view The Poynter Institutes most-recent public financial disclosure form 990, Poynter ACES Introductory Certificate in Editing, The new Succession trailer, along with media news and must-read links for your weekend, Is there really a shoplifting epidemic?, Assistant Professor of Business (Accounting) - McMinnville, OR (97128), Editor & Lead Reporter - Newton, MA (02460), Executive Editor - Meriden (CT) Record Journal - Meriden, CT (06450), Associate News Editor - Seattle, WA (98109), Research Policy Reporter, C&EN - Washington, DC (20036), WUNC Podcast Producer & Host - Durham, NC (27701), Senior Copy and Content Editor - 23098 - Washington, DC (20037), Editor-in-Chief of Assembly - Washington, DC (20001), Communications Specialist - Richmond, VA (23294). Scott B. 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. Randa Williams is 61 years old and was born on 08/28/1961. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Her father Dan Duncan became the first American billionaire to pass his fortune tax-free to his descendants due to a temporary repeal of the estate tax law in 2010. Additionally, she sits on the board of the University of Texas Health Science Center. On the road frequently in the early years, he still puts in 70- to 100-hour weeks when putting together a deal and admits his life's only regret is not spending more time with his four children. Since the Baylor gifts and the Forbes. 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.
How To Cite Multiple Authors Mla In Text,
Is Katie Green Still On Ksfo,
Cutting Horse Sales 2022,
James Newman, Gladys Knight Husband,
Taika Waititi Rita Ora Lipstick Alley,
Articles R
Follow me!
