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[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. Palm Trees and Power Lines opens on March 3 in select theaters. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. 16 / 25. 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. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Her role is complex, but the novice actor handles everything thats asked of her extremely well. 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. Need to know more? 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. Randa Duncan Williams has a net worth of $7.2 billion. Stock photos, 360 images, vectors and videos He not only had become Houston's richest man, he'd stayed one of its least conspicuous. Willie Nelson pays lovely tribute to another country legend, Rare photos show 2 ocelots crossing South Texas road, Mayor: HISD has two optionsclose school or be taken over. She can treat it more like a non-profit. People in the industry say he has no ego. People consume storytelling more than they ever have, Goodgame said. From age 8 until 17, by bus or train, all alone, he would journey around the country trips he said gave him a breadth of experience, the view that the world is a nice place, the confidence to approach and relate to people. 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. 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. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. Details of the transaction werent made public. Within a year, Enterprise completed the first facility of its now-mammoth complex near the salt domes at Mont Belvieu, 25 miles east of Houston. Enterprise Product Partners is a company which stores, processes and transports oil and gas, known as a midstream operator. Medicine and education are Duncan's pet causes. 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. ("Dub") Andras, Duncan Williams is a member of the board of trustees of the Houston Zoo and the Houston Museum of Natural Science. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. Randa Duncan Williams, a Houston billionaire and philanthropist. 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. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. If you earn people's trust, you'll receive the first call when they want to make a deal.". 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. One of those people was Williamsthough she had not been one of the early suitors. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. Forbes recently listed Williams as the ninth wealthiest person in Texas. But, for some, Williams might not be a household name. 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly. "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. 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. [8], She lives in Houston with her husband, and they have one child.[7]. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. Truth be told, there's little left for Duncan to pursue. Shes very well read, independent-minded and proud of her Texas heritage.. 2010 - present. Forbes says the stock generates more than $700 million in annual dividend income for the family. 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. "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. 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. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. I . Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. She loves Texas Monthly as much as anybody ever did. Back home, Duncan was breezing through school. Current Climate: Big Techs Massive Carbon Footprint, Xavi Speaks On FC Barcelonas Defensive Masterclass Against Real Madrid Ahead Of Valencia Clash, How Scott Boras Used Baseballs No-Shift Rule To Get Pay Raises For Underachieving Clients, Manchester City Ready To Sell Bernardo Silva To FC Barcelona And Name Asking Price - Reports, FC Barcelona And Real Madrid Presidents Met To Discuss European Super League Strategy Before El Clasico - Reports, Xavi And Laporta Clash On Raphinha Summer Sale By FC Barcelona - Reports, Friday, March 3. She also serves on the governance and capital projects committees. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. "What's unique, besides your assets and staff, is your relationships. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. "Major companies wanted to do business with companies with significant assets. Both his first and second wife succumbed to cancer. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. When she gives money, shes selective and wants to ensure it will be spent appropriately. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. 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. 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. 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. Handout / Texas Monthly Show More Show Less 2 of 11. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. 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 . Site designed and developed by The MTM Agency. Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. 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. Are insane ticket costs pricing Astros fans out of Opening Day? 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. In person, the 73-year-old Duncan hardly fits the billionaire image. Enterprise makes money from oil and gas pipelines, exports, and storage terminals, but the bulk of its growth comes through the transportation and processing of natural gas liquids unlocked by the shale drilling revolution. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. The Campaign to Sabotage Texass Public Schools. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. book to class, Oops! She was made chairwoman in 2013. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. She joined Enterprise in 1994 as vice president. 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. Candidate Party Preference History for the last 10 years* United States Representative District 1 Candidate Party Preference County Timeframe Doug LaMalfa Max Steiner Like her daddy, she prefers to keep a low profile. The ship is fitted with Type B tanks, a new design for transporting liquified ethane that optimises vessel capacity. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 974.90M shares representing 44.91% of the company. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. At 230 metres it is longer than two American football pitches combined (eight basketball courts). [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. It is a truly uncompromising 4X4 built from the ground up, engineered to overcome all conditions. Enterprise is Mont Belvieus biggest player. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. "People sometimes ask me if I had to do it over again, would I do something different," said Duncan, reflecting on his career during a recent return flight from his ranch. Use our Product finder instead. The family fortune has more than doubled . Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. 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. Duncan's rise didn't come without struggles. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. An East Texas country boy who resembles John Glenn without the crinkles, he's nothing like the brash, rough-hewn Texas oil baron of old. If I did it over, I'd never be this lucky again.". 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 . Forbes ranks Williams as tied for the 88th wealthiest person in the United States with an estimated net worth of $6.2 billion. Hobbys tenure as chairman of Texas Monthly also saw some tumult, including several high-profile staff departures and accusations of editorial impropriety in early 2018, when then editor-in-chief Tim Taliaferro was alleged by the Columbia Journalism Review to have agreed to an arrangement in which the dating app Bumble would pay for social media promotion for a Texas Monthly cover story about Bumble founder Whitney Wolfe Herd. Information on this page was last updated on 12/27/2022. The EIN for the organization is 59-1630423. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. 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. Reflects change since 5 pm ET of prior trading day. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. Learn More on Randa Duncan Williams' trading history. 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,. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. 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. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Astros GM Dana Brown has more praise team's top prospect, This is what Houston looks like from space, MLB legend makes surprise appearance at Astros' Spring Training, Meet the Astros prospect tearing up Spring Training, Report: Houston ranked No. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. Their net worth: $247 billion. Williams is a well-known philanthropist who contributes to numerous Houston-based charities. Randa Duncan Williams Vice President 1996 - present. 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). I remember Randa as being very engaged and politically active, Stein said.

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