It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Hobbys group paid $25 million for the magazine in 2016. 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.. If youve been thirsty for a legitimately huge UFC pay-per-view event, one that bridges the gap between casual mixed martial arts fans and the hardcore, there is one on the doc for Saturday night at the T-Mobile Arena in Las Vegas. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. "What's unique, besides your assets and staff, is your relationships. And You Thought Feral Hogs Were Bad. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. June 25, 2019 35 Texas Monthly magazine has a new owner. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. Acknowledging the sudden attention, he said he can't give to all the worthy causes, but does expect to continue giving big donations in the future. 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. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. The Hunt family, whose members are descendants of oil wildcatter H.L. She is one of four children of the late oil billionaire and philanthropist Dan Duncan, who founded Houston-based Enterprise Products Partners, a publicly traded midstream energy company. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. In its 2020 budget year, Walmart racked up revenue of $524 billion and the company continues to rack up riches for heirs of the retail giants founders. Williams is the only sibling involved in running the family business. The Natural Gas Pipelines & Services segment stores and transports natural gas. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). Learn More on Randa Duncan Williams' trading history. One of those people was Williamsthough she had not been one of the early suitors. 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. "I tell them no. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. She also serves on the governance and capital projects committees. Williams earned a Bachelor's Degree from Rice University. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. 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. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . This is a carousel. 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. 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. 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. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. 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. 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. Both individuals are Houstonians. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. Randa Williams is marred to her husband, Charles A. Williams. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. The Campaign to Sabotage Texass Public Schools. Williams is the only one of four siblingsall of whom inherited equal stakes in the companyinvolved in running the family business. Investors are already flocking there for a chance at 1,000%+ returns. Some brokers just had telephones.". The family fortune has more than doubled . 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. 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. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. Each has an estimated net worth of $6.2 billion. Scott B. In 2018, according to the Forbes 400, Williams, along with two of her siblings. Randa Duncan Williams has a net worth of $7.2 billion. 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. Report Date Eligible Voters2 Registered Voters Percent . 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. Duncan had four adult children, each of whom is also a billionaire. 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. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. Forbes also ranks her as tied for the 290th richest person in the world. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent. 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. The gift dwarfed any previous donation to the Texas Medical Center. 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 about insider trades at Enterprise Products Partners. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. 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. 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. The four siblings are tied for the second wealthiest people in Houston. Above you can find out the answers to those questions and more. I remember Randa as being very engaged and politically active, Stein said. Need to know more? Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. 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. The Grenadier 4X4 combines British spirit and design with German engineering rigour. Political party. Jonathan Tucker and Lily McInerny in Palm Trees and Power Lines. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. Three months later, the TB claimed his mother. 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. Get the Poynter newsletter that's right for you. After Wanda was sold in 1968, Duncan decided to go out on his own. Where does she come from? 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. It will also be available on VOD for home viewing. In 1995, Duncan waged his own battle with prostate cancer. 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. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. "When you have as much happen to you as has happened to me in my lifetime, it has to have an effect," said Duncan, a Baylor College of Medicine board member since 2003. She and her 3 siblings each hold an 8% stake in the family business. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. Palm Trees and Power Lines is not an easy film to watch, and it often goes in directions that viewers may not want to believe. 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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. Hunt, sit at No. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. The companys annual sales are around $28 billion. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. Print ad revenue has declined in the same period. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. A Right-wing Cabal Took Over Odessas Municipal Government. "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. If I did it over, I'd never be this lucky again.". Related by financial asset: Enterprise Products Partners L.P. Randa enjoys the highest profile among the four Duncan siblings. I especially enjoy the longform storytelling that has helped earn the magazine fourteen National Magazine Awardsthe industrys equivalent of an Oscarover its 46-year history. Learn More on Randa Duncan Williams' trading history. The vehicle was present as a guest of honour on the quayside as the ceremony took place. Built in Jiangnan, China and operated by Pacific Gas, the Pacific INEOS Grenadier ismade of approximately 18,000 tonnes of steel and 40,000 metres of piping. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon But What Is It? 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. Breadcrumb. The breakthrough started in the late '90s. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. She and her 3 siblings each hold an 8% stake in the family business. 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. 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. Donald Trumps real net worth? It wasn't long before it was just the two of them. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. Alice Walton isnt the only Texan whos a member of the Walton dynasty. 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. We know that Randa's political affiliation is unknown . Like her father, Randa stays out of the spotlight. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . 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. 3rd party / other. He was only half kidding. 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. About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Natural gas liquids, or NGLs, are feedstocks for petrochemicals. 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 . 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. 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. 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!' Forrest Wilder writes about politics and the outdoors. Learn More on Enterprise Products Partners' active insiders. She spent two decades in, 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. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. [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. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. 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 . Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. Handout / Texas Monthly Show More Show Less 2 of 11. Mimi Swartz is a staff writer based in Houston. They just do it in many different ways today. 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. "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. A Texas history buff owning a magazine about Texas seems like a natural fit. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". Theres An App for That. time of the 2009 Sale, by Duncan and members of his family. I knew about her passion for the brand, Hobby said, and it was a logical conclusion that she would be interested., From that point on, the sale process involved a rigorous review of the business by Williamss team, Brown said. "I certainly never expected him to become a billionaire.". 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. Are insane ticket costs pricing Astros fans out of Opening Day? Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. Duncan can sneak up on you. People in the industry say he has no ego. Site designed and developed by The MTM Agency. 16 / 25. They have one child. 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. 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 . 1 of 11. Theyre not looking at it that way. 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. When she gives money, shes selective and wants to ensure it will be spent appropriately. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. Fire Ants Have Unleashed Chaos in Texas for Decades. The four Bass brothers Sid, Edward, Robert, and Lee each inherited $2.8 billion from their oil tycoon uncle Sid Richardson after his death in 1959. She joined the company in 1994 and took on the roles of president and CEO in 2001. 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. Since the Baylor gifts and the Forbes. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". Enterprise Products Partners has a market value of $63 billion. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Prior to joining the company, she practiced law with the firms Butler & Binion and Brown, Sims, Wise & White. The gas and oil company is still under family control. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. Randa Duncan Williams. Additionally, she sits on the board of the University of Texas Health Science Center. Her role is complex, but the novice actor handles everything thats asked of her extremely well. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. 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). . When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. 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. $2.5 billion, according to our most recent tally. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. Heres what you need to know. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. That mindset has continued as a philanthropist, he said. But they don't attend many functions on Houston's social circuit. Leave them blank to get signed up. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Ballotpedia uses one or more of the following sources to identify each officeholder's partisan affiliation: (1) direct communication from the officeholder, (2) current or previous candidacy for partisan office, or (3) identification of partisan . 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. For further information please visit: www.ineosgrenadier.com, Media ContactsRichard Longden (Richard.longden@ineos.com) 0041 21 627 7063 or 0041 7996 26123Andrew McLachlan (andrew@mediazoo.tv) 07931 377162Alex Williams (alex.williams@mediazoo.tv) 07793 207325. Avara's sister Randa Duncan Williams is the only . 18 on the Forbes list with a net worth of $15.5 billion. Peter Dawson is a digital reporter in Houston. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. Their net worth: $247 billion. Fleeing for Your Life? Reflects change since 5 pm ET of prior trading day.
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