Top party schools in every state. Here, the two are pictured at the TUTS gala at the Hobby Center on April 20, 2012. Truth be told, there's little left for Duncan to pursue. We know that Randa's political affiliation is unknown . She's in the news recently as she just bought her home state's top magazine, Texas Monthly. Dan Duncan needs no reminder. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Enterprise Products Partners has a market value of $63 billion. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Forbes also ranks her as tied for the 290th richest person in the world. 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 previously owned by Genesis Park, a private equity firm also in Houston. It also is a story full of tragedy. Duncan was part of an illustrious Houston philanthropic . 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. Dave Rossman, freelance / For the Chronicle. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. He earned a degree from Massey Business College, then got his start at Wanda Petroleum, a small, independent trucking and underground storage company. Texas Monthly magazine sold to Enterprise Products affiliate led by 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. 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. book to class, Oops! Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". 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. Randa Duncan was born to Barbara Ann and Dan Duncan. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. >>> Scroll through to see which other Houstonians made the list. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. She and her 3 siblings each hold an 8% stake in the family business. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. 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). If I did it over, I'd never be this lucky again.". Hes never overtly pushy; instead, he subtly influences her with kindness and attention. 3rd party / other. Theyre not looking at it that way. As of February 9, 2023 What is Randa Duncan Williams's Net Worth? Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. Mimi Swartz is a staff writer based in Houston. And she intends to provide them., She wants to own it forever, added Brown. 2023 Forbes Media LLC. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. She received . About Us - The Houston Zoo The gas and oil company is still under family control. The Grenadier 4X4 combines British spirit and design with German engineering rigour. 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. The Natural Gas Pipelines & Services segment stores and transports natural gas. 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. They were very young children when their father famously founded Enterprise Product Partners with $10,000 and a couple of propane trucks. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. On this Wikipedia the language links are at the top of the page across from the article title. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. The current estimated net worth of Enterprise. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. 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. 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. Bring on the Shiplap. Get notified the next time Randa Duncan Williams buys or sells Enterprise Products Partners stock. INEOS is a Registered Trademark, the property of INEOS Capital Limited. 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. [7], In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. 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. In January 2019, Hobby hired Dan Goodgame, a veteran magazine editor and correspondent (most notably at Time magazine) whod most recently worked as a communications executive at the San Antoniobased cloud computing company Rackspace, to be the new editor-in-chief. 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. Forbes recently listed Williams as the ninth wealthiest person in Texas. Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. Albert & Margaret Alkek Foundation - President's Message That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. Slowly but surely she falls for him, even though part of her knows the situation feels off. At 230 metres it is longer than two American football pitches combined (eight basketball courts). The Dragon ships have been regularly transporting ethane across the Atlantic for over six years. Both Goodgame and Brown expressed great hopes for the companys future under Williams. It wasn't long before it was just the two of them. Houston looks for new generation of top givers - Chron Randy Duncan - Wikipedia 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. Williams is now in the company of other wealthy citizens who boast legacy media crown jewels in their holdings, including: The sale is the latest in a line of transactions in which a wealthy citizen swoops in to snatch up a venerate and often faltering brand. 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. 30 spot with a net worth of $10.8 billion. Randa Williams is 61 years old and was born on 08/28/1961. One of those people was Williamsthough she had not been one of the early suitors. The vehicle was present as a guest of honour on the quayside as the ceremony took place. 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. She can treat it more like a non-profit. 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. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. Fleeing for Your Life? Genesis Park paid $25 million for the brand in 2016, and Hobby called this new deal an ideal outcome for everyone involved. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. Randa Duncan Williams and her husband live in Houston, of course. 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. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. 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. 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. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Leave them blank to get signed up. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. Tucker is also well-suited for his part, coming off as non-threatening but still persuasive. Site designed and developed by The MTM Agency.