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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. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. 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. "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. Two and a half years after the award-winning publication was sold to Genesis Park, the Houston-based private equity firm founded by Paul Hobby, it has been purchased by Texas Monthly, LLC, a newly formed affiliate of Enterprise Products Company (EPCO), a privately held firm also based in Houston. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. Bring on the Shiplap. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. Prior to that, she served as managing editor of Poynter.org. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. Dan Duncan founded Enterprise Products Partners in 1968. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. Lawyer, environmental consultant. Randa Duncan Williams - Director, Enterprise Products Partners Lp. 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.. Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. We will maintain the highest standards as operators of this innovative vessel wherever we are in the world.. Texas Monthly should be in good hands under her stewardship, Stein said. "I was enthralled by their vivid descriptions. 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. 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,. She loves Texas Monthly as much as anybody ever did. So, who is she? 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. If you earn people's trust, you'll receive the first call when they want to make a deal.". 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. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. 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. They purchased a total of 65,350 shares worth more than $1,573,730.50. 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. "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. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Williams holds a bachelors degree from Rice University and a J.D. 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. His nice guy look hides the type of person his character truly is. About Enterprise Products:Enterprise Products Partners L.P. (NYSE: EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. 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. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. 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. Levy sold the. Political party. ./Wednesday, Feb. 18, 2009, in Houston. Medicine and education are Duncan's pet causes. 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. Randa Williams lives in Houston, TX; previous city include La Porte TX. 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. She inherited $3.1 billion upon the death of her father. 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. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. The experience and those of his loved ones made a lasting impression. [8], She lives in Houston with her husband, and they have one child.[7]. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. Are insane ticket costs pricing Astros fans out of Opening Day? That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. Palm Trees and Power Lines opens on March 3 in select theaters. 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. [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. Did Enterprise dispute the amount? 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. 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. 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 Texas history buff owning a magazine about Texas seems like a natural fit. But it's easy to give. But, for some, Williams might not be a household name. Related by financial asset: Enterprise Products Partners L.P. Barbara Allen is the director of college programming for Poynter. 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. 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!' Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). June 25, 2019 35 Texas Monthly magazine has a new owner. The net worth of each heir exceeds $5 billion. And You Thought Feral Hogs Were Bad. The next summer, he began traveling to visit his father wherever he was working. 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. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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. The companys annual sales are around $28 billion. These Common Units are owned directly by The Randa Duncan Williams 2018 Family Trust (the "RDW Family Trust"), for which Ms. Williams serves as a director of an entity trustee. Randa is Duncan's eldest child, at 57. 3rd party / other. Both individuals are Houstonians. Available for both RF and RM licensing. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. The four siblings are tied for the second wealthiest people in Houston. 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 . his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. 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. Are ticket costs pricing Houston Astros fans out of Opening Day? In 1995, Duncan waged his own battle with prostate cancer. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. 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. 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. That requires resources. All rights reserved. Some brokers just had telephones.". Paul Klotman, M.D. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. Scott B. For the second time in less than three years, Texas Monthly has a new owner. She was made chairwoman in 2013. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . Randa Duncan Williams and her husband live in Houston, of course. 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. Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. That mindset has continued as a philanthropist, he said. And she intends to provide them., She wants to own it forever, added Brown. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. In 2018, according to the Forbes 400, Williams, along with two of her siblings. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. Order books are now open for Europe and other key launch markets. He was right. . 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). Because she regularly had to check in to a sanatorium and his father was on the road, Duncan and his brother moved in with their grandmother, a nearly blind woman who instructed them in life's lessons the Golden Rule, the value of a day's work. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. 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. 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. book to class, Oops! Handout / Texas Monthly Show More Show Less 2 of 11. 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. 30 spot with a net worth of $10.8 billion. This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. He graduated at 16, a four-sport letterman who twice skipped grades even though he said he never brought a book home. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. 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. Need to know more? Both individuals are. Randa Duncan Williams Vice President 1996 - present. 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. 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. While 2020 has been a nightmare financially for many, some locals have cashed in. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. This is a carousel. Peter Dawson is a digital reporter in Houston. And how much money does she have, anyways? Learn More on Randa Duncan Williams' trading history. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. 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. A week later, he became ill with fever and chills. 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. When she gives money, shes selective and wants to ensure it will be spent appropriately. Randa Williams is marred to her husband, Charles A. Williams. Learn More on Enterprise Products Partners' active insiders. 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.