Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. In that and a subsequent horrific scene, Deck is unflinching with the camera, placing it in a single location and rarely cutting, even when things get supremely uncomfortable. Sec Form 4 Learn More on Randa Duncan Williams' trading history. Enterprise is Mont Belvieus biggest player. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Texas Monthly is the latest in a series of newsrooms to be scooped up and bolstered by the deep and patient pockets of legacy media-loving billionaires. Duncan family - Forbes He not only had become Houston's richest man, he'd stayed one of its least conspicuous. He also gave $35 million to Baylor's new outpatient clinic and $10 million to the Children's Learning Institute at the University of Texas Health Science Center at Houston to create a neurodevelopmental clinic. 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." Where does she come from? Copyright 2022. The next summer, he began traveling to visit his father wherever he was working. Top party schools in every state. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. 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. Houston pitmaster goes viral after hilarious TV interview, Houston billionaire buys Texas Monthly, promising to invest and invigorate National Magazine of Texas, 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. "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. (The Duncans come in at No. 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. At No. Forbes says the stock generates more than $700 million in annual dividend income for the family. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. 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. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. Peter Dawson is a digital reporter in Houston. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. Randa Duncan Williams Net Worth & Insider Trades All Rights Reserved. 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. Randy Duncan - Wikipedia Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. Duncan was part of an illustrious Houston philanthropic . Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. Stock photos, 360 images, vectors and videos City Employees Are Heading for the Exits. This website is published by INEOS on behalf of its businesses. Like Hobby, whose father served as lieutenant governor of Texas and whose grandfather was governor, Williams, 57, comes from a legendary Texas family. 2010 - present. Looking for a product? Texas Monthly gets new ownership, again - statesman.com The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. book to class, Oops! It made for tough times for Duncan, whose business philosophy was all about growing the company. Reflects change since 5 pm ET of prior trading day. Randa enjoys the highest profile among the four Duncan siblings. 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.. 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. 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. In 2018, according to the Forbes 400, Williams, along with two of her siblings. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. She practiced law for a few years with the law firm Butler & Binon and Brown, Sims, Wise & White. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. "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. Astros GM Dana Brown sees bright future for top prospect Drew Gilbert, This is how astronauts see Houston, Texas Gulf from space with unaided eyes, Roger Clemens makes surprise appearance at Astros' Spring Training, Texas lawmaker files bill to make menstrual products tax free, Proposed Texas bill would offer 12 weeks of paid family leave, Heres how you can watch 'Daisy Jones and the Six', Texas tornados destroy homes, leave 300,000 without power, Texas Republican wants to ban access to abortion websites. 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. This is a carousel. 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. Each has an estimated net worth of $6.2 billion. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. She can help strengthen the magazine without needing it to be a money maker. 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. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Use Next and Previous buttons to navigate. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. 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. 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. Details of the transaction werent made public. 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. Randa Duncan Williams Vice President 1996 - present. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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. 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. Profession. "Giving to the community is a way to make a difference. "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. 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. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. "What's unique, besides your assets and staff, is your relationships. 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. 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. 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. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . 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. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. New Democratic Party. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. Duncan was the first overall pick in the 1959 NFL Draft by the Green . Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. Seaman Treasurer 1996 - present. 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). They have looked under every rock. Donald Trumps real net worth? 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.. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. 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. Whats Up With All the Kangaroos on the Loose in Texas? Print ad revenue has declined in the same period. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. 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. 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. "Major companies wanted to do business with companies with significant assets. 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.. 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. 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!' INEOS is a Registered Trademark, the property of INEOS Capital Limited. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. While 2020 has been a nightmare financially for many, some locals have cashed in. 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. 16 / 25. Randa Duncan Williams - Bloomberg Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. >>> Scroll through to see which other Houstonians made the list. She was made chairwoman in 2013. Scott B. Her role is complex, but the novice actor handles everything thats asked of her extremely well. 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. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. The Hunt family, whose members are descendants of oil wildcatter H.L. Palm Trees and Power Lines opens on March 3 in select theaters. 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. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. The ship also has the potential to carry other products such as LPG and ethylene. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. He thought that such a new business niche could make him a profitable living. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. 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. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. They just do it in many different ways today. She joined the company in 1994 and took on the roles of president and CEO in 2001. Goodgame and Texas Monthly president Scott Brown will continue to work closely together and will report independently to Williams, as they did to Hobby. 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. Duncan said he didn't dwell on his grief in those days, he explains, a young child's concept of life and death wasn't what it is now. Randa Duncan Williams. 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 Duncan Williams - Forbes Randa Duncan Williams has a net worth of $7.2 billion. Hobbys group paid $25 million for the magazine in 2016. 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. 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. The Basses hold down the No. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. 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 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. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. She had strong opinions about things.. The net worth of each heir exceeds $5 billion. 10 things to know about Randa Duncan Williams, the Houston - Chron 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 amount paid for what is called the National Magazine of Texas wasn't disclosed. Paul Klotman, M.D. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Houston looks for new generation of top givers - Chron The terms of the sale were not . Theyre not looking at it that way. Williams holds a bachelors degree from Rice University and a J.D. Additionally, she sits on the board of the University of Texas Health Science Center. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. June 25, 2019 35 Texas Monthly magazine has a new owner. The family fortune has more than doubled . She was named executor of her fathers estate when he died. Can College Sports Get More Absurd Than SMU Joining the Pac-12? FC Barcelona president Joan Laporta and Real Madrid counterpart Florentino Perez took advantage of their teams' Copa del Rey semi-final first leg meeting on Thursday to meet and discuss a strategy for the launch the European Super League (ESL), according to reports. The net worth of Fort Worth billionaire Alice Walton, the only daughter of Walmart founder Sam Walton, accounts for a little over one-fourth of the family fortune. (Dave Rossman/For the Chronicle). Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. Like her daddy, she prefers to keep a low profile. And she intends to provide them., She wants to own it forever, added Brown. "I tell them no. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country.
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