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. The USA, Canada and Mexico will follow by the end of this year, with first deliveries in 2023. My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. 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. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. 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. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. Enter your email address below to get our daily insider buying and selling report. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. 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. In 2018, according to the Forbes 400, Williams, along with two of her siblings. book to class, Oops! His father, an itinerant pipeliner, died of leukemia when Duncan was 17. She was elected as a board director in 2010 and as chairman in 2013. Learn More on Randa Duncan Williams' trading history. 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. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. 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. McInerny, who is 24 in real life, has a look and demeanor that aids in the verisimilitude of the film immensely. We use cookies to make sure you get the most from our website. 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. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. He was a low profile billionaire in a profitable but unsexy business. Bring on the Shiplap. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. INEOS is a Registered Trademark, the property of INEOS Capital Limited. 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. Feeling the call of these locales, I dreamed of traveling to each of them, and resolved to make that dream a reality.". He was dead in a week. 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. Hints and clues to help you with today's Wordle. Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion. 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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. Randa Duncan Williams is a businessperson who has been at the helm of 5 different companies and presently occupies the position of Non-Executive Chairman for Enterprise Products Partners LP, Chairman for Enterprise Products Co., President of DLD Family Investments LLC and Chairman for EPCO Holdings, Inc. Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. Randa is the only one of Dan Duncan's children still involved in the family business. 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. [4], In 2019, she purchased Texas Monthly'. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Medicine and education are Duncan's pet causes. 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. 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. 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 . If I did it over, I'd never be this lucky again.". News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. People consume storytelling more than they ever have, Goodgame said. Are ticket costs pricing Houston Astros fans out of Opening Day? Looking for a product? 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. 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. Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. The Campaign to Sabotage Texass Public Schools. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. The next summer, he began traveling to visit his father wherever he was working. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. On this Wikipedia the language links are at the top of the page across from the article title. 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. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. She also serves on the boards of trustees for numerous charitable organizations. She was made chairwoman in 2013. 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. 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. The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. If you earn people's trust, you'll receive the first call when they want to make a deal.". He was a risk taker - a wildcatter; a stock trader; and an entrepreneur. 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). 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. When she gives money, shes selective and wants to ensure it will be spent appropriately. City Employees Are Heading for the Exits. For the second time since 2016, Texas Monthly magazine is getting a new owner. [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. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. PACs. It also is a story full of tragedy. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. 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. Almost by definition, Enterprise seemed destined to stay under the radar. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. 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. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. The EIN for the organization is 59-1630423. We are also proud ambassadors of the uncompromising Grenadier 4X4. Enemies are nowhere to be found. Each has an estimated net worth of $6.2 billion. 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. Enterprise Products, which has an estimated 7,000 employees, is currently ranked at. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. 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.. Members of St. Theresa Catholic Church in Memorial Park, the couple say they're shy, more comfortable working behind the scenes than in the limelight. Copyright 2022. Above you can find out the answers to those questions and more. Seeing the Grenadier 4X4 next to the VLEC was simply spectacular. Find the perfect randa duncan williams stock photo, image, vector, illustration or 360 image. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". "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. Barbara Allen is the director of college programming for Poynter. He liberated airlines and trucking and enabled the 1980s-1990s boom. Outside Spending Groups. How The Duncan Family Became One Of The Wealthiest Families On The Planet With A Combined Net Worth Of $26 Billion. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. 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. 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. 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. That requires resources. Most recently, on Wednesday, September 30th, Randa Duncan Williams bought 15,000 shares of Enterprise Products Partners stock. Randa enjoys the highest profile among the four Duncan siblings. This is a carousel. With a law degree from the University of Houston, Williams practiced law for about 6 years beginning in 1988, handling toxic tort cases and property liability cases. Learn More on Enterprise Products Partners' active insiders. Likewise, Tom aside from the inherently creepy idea of a 34-year-old man pursuing a 17-year-old girl doesnt come across as a monster. Joe M. Bailey 1996 - present. When he was 3 1/2 , his mother came down with tuberculosis. So, who is she? 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. 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. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. Investors are already flocking there for a chance at 1,000%+ returns. The terms of the sale were not . Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. The impending takeover of HISD by the TEA dates back to 2019, when Wheatley High School triggered a state law by failing to meet accountability standards for seven consecutive years. In addition, she serves as Chairman of Enterprise Products Company, Chairman & President of the Dan L Duncan Foundation, and Chairman of Texas Monthly, LLC. Political party. Donald Trumps real net worth? "He's the anti-stereotype," said Jeff Share, editor of Pipeline & Gas Journal, a trade publication based in Houston. They just do it in many different ways today. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. She joined Enterprise in 1994 as vice president. She joined the company in 1994 and took on the roles of president and CEO in 2001. Williams, of Houston is the chair of Enterprise Products Partners, a pipeline giant founded by her late father, Dan Duncan, in 1968. . The amount paid for what is called the National Magazine of Texas wasn't disclosed. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. 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. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Fire Ants Have Unleashed Chaos in Texas for Decades. Are insane ticket costs pricing Astros fans out of Opening Day? Written and directed by Jamie Deck, with help from co-writer Audrey Findlay, the film is profoundly difficult to watch, as viewers are witness to a slow-motion train wreck that they are powerless to stop. "I tell them no. Can College Sports Get More Absurd Than SMU Joining the Pac-12? His children Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara and Scott Duncan inherited a $10 billion estate from Dan when he died in 2010. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. The way it played out is poetic.. 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. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. Learn More on Randa Duncan Williams' contact information. It took Duncan to show them it was in their financial interest to outsource them to an independent company, to get such assets off their books. 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. Like her daddy, she prefers to keep a low profile. The gift dwarfed any previous donation to the Texas Medical Center. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. 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. "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. 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. By the time she discovers the truth about Toms life, it may be too late to go back. The Duncan Family is the 21st-wealthiest family in the world, with a. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. 2023 Forbes Media LLC. 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. Insiders at Enterprise Products Partners own 32.6% of the company. 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 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!' Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. 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.. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. 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.. They have one child. A week later, he became ill with fever and chills. The net worth of each heir exceeds $5 billion. 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. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. Site designed and developed by The MTM Agency. 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 . 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. 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. Alice Walton isnt the only Texan whos a member of the Walton dynasty. The Safari Club International Record Book, which lists the biggest animals ever legally shot, has 550 entries for him. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Are ticket costs pricing Houston Astros fans out of Opening Day? Additionally, she sits on the board of the University of Texas Health Science Center. Citing the Bible, Jan Duncan said it's important "not to draw attention to oneself, to do good quietly.". By 1973, it was a $3 million company. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. In his later years, his drive to succeed turned to the philanthropic world. Editor-in-chief Dan Goodgame said the mood around the office is light, and hes spent the day responding to well-wishers via email and text. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. When Duncan was 7, his brother, Joe, fell and cut his hand on a tin can. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. But, for some, Williams might not be a household name. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. 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 . Hobbys group paid $25 million for the magazine in 2016. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. The Breakfast Klub sues prominent City Hall consultant for fraud, Texas wants to ban delta-8, but veterans are pushing back, Exclusive: Abbott explains push against diversity hiring programs, Lauren Daigle at Houston Rodeo: 'God always has your number', Galveston gets fourth Carnival Cruise Line, UH, Texas A&M removing DEI statements from hiring practices, Man dead, person arrested after suspected homicide in League City, 1960s River Oaks strip center to be replaced by luxe apartments, Houston is the most stressful city to work in, says new study, Houston battery recycling startup ACE partners with China's GGE, CERAWeek is growing with Houstons energy industry, Business calendar of upcoming events in the Houston area, New tech will help you and Siri, Google and Alexa work better. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. This is a carousel. 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. Profession. Levy sold the. 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 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. It made for tough times for Duncan, whose business philosophy was all about growing the company. 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. New Democratic Party. Of course, until Duncan started Enterprise, midstream operations were handled by the major oil and gas companies themselves. Randa and her siblings Dannine Avara, Milane Franz, and Scott Ducan weren't born into the wealth they now have. Seaman Treasurer 1996 - present. Forrest Wilder writes about politics and the outdoors. His boss, after all, had amassed his fortune with few people outside the industry noticing and he liked it that way. 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. . 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. 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. 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. Please visitwww.enterpriseproducts.comfor more information. And You Thought Feral Hogs Were Bad. Duncan was part of an illustrious Houston philanthropic . Randa Williams Duncan enjoys the highest profile among Houston's richest family. Named after the rugged off-road vehicle, the Pacific INEOS Grenadier is a 99,000 CBM VLEC (Very Large Ethane Carrier) and is the latest ship to join the INEOS fleet. She inherited $3.1 billion upon the death of her father. his eldest daughter, Randa Duncan Williams, chairs the Enterprise Products Partners board. All Rights Reserved. He thought that such a new business niche could make him a profitable living. Duncan had four adult children, each of whom is also a billionaire. Although they werent born into exorbitant wealth, Duncan Williams and her three siblings are tied as the second-wealthiest Houstonians with a net worth of more than $6 billion each, according to Forbes magazine. Did Enterprise dispute the amount? Williams is the only one of four. 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. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. 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. 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. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. They have looked at the business through every lens. Fleeing for Your Life? A year and a half later, his worth now at $6 billion, his profile raised by a $100 million gift to Baylor College of Medicine, Duncan remains one of the city's least known heavy hitters. 3rd party / other. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. 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 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 loves Texas Monthly as much as anybody ever did. In 1995, Duncan waged his own battle with prostate cancer. 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 . All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Natural gas liquids, or NGLs, are feedstocks for petrochemicals.
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