Houston investor Randa Duncan Williams pledges to protect the magazines legacy and boost investments in its long-term growth. The way it played out is poetic.. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. Stock photos, 360 images, vectors and videos 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. According to the company, Texas Monthlys total audience has grown 76 percent since late 2016. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. Submit a correction suggestion and help us fix it! 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. In addition to its name, the ship also carries the Grenadier logo proudly emblazoned on its side. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. She's very well read, independent-minded and proud of her Texas heritage.". For the second time since 2016, Texas Monthly magazine is getting a new owner. Duncan can sneak up on you. Randa is Duncan's eldest child, at 57. 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. Above you can find out the answers to those questions and more. Learn More on Enterprise Products Partners' active insiders. Randa Williams is 61 years old and was born on 08/28/1961. 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He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. 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 New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . Both individuals are. 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. Learn More on Randa Duncan Williams' trading history. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. 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. We know that Randa's political affiliation is unknown . 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. A newspaper article once dubbed her father the invisible billionaire. Duncan Williams prefers the background as well. To that end, Texas Monthly recently switched its representation in Hollywood from William Morris Endeavor to Creative Artists Agency. It also is a story full of tragedy. Paul Klotman, M.D. After Wanda was sold in 1968, Duncan decided to go out on his own. He liberated airlines and trucking and enabled the 1980s-1990s boom. I remember Randa as being very engaged and politically active, Stein said. They have looked at the business through every lens. "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. [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. (Eric Kayne/Chronicle), Randa Duncan-Williams and Charles Williams at the Musuem of Natural Science Ball Saturday March 4,2006. 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. Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . His eldest daughter, Randa Duncan Williams, acknowledges that he wasn't around that much, but she said that wasn't uncommon among her circle of friends. The Natural Gas Pipelines & Services segment stores and transports natural gas. At No. Duncan was the first overall pick in the 1959 NFL Draft by the Green . All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Use our Product finder instead. Medicine and education are Duncan's pet causes. 16 / 25. She joined Enterprise in 1994 as vice president. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). 3rd party / other. She also serves on the boards of trustees for numerous charitable organizations. What Randa wants to bring is an acceleration of those investmentsto make the print magazine better than ever and extend that same level of excellence in storytelling across other platforms. 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 Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. Enterprise is Mont Belvieus biggest player. Forrest Wilder writes about politics and the outdoors. PATRICK . 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. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. 1 of 11. Donald Trumps real net worth? For the second time in less than three years, Texas Monthly has a new owner. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. Some brokers just had telephones.". 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. By 1973, it was a $3 million company. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. This is a carousel. I . Hobbys group paid $25 million for the magazine in 2016. Midstream operations, so-called because they involve the transportation, processing and storage of oil and gas, aren't as flashy as punching holes in the ground. Insiders at Enterprise Products Partners own 32.6% of the company. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. 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. "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 a business environment where journalists at many publications have become accustomed to hearing that theyll have to produce more content across more platforms with fewer resources, its great news, Goodgame said, that Williams aims to build on the work of Genesis Park and boost long-term investments in Texas Monthlys editorial staff, subscription marketing, and other key areas. Digital revenue has grown from 8 percent of ad sales in 2017 to 20 percent in 2019, while event sponsorship revenue has grown from 6 percent to 18 percent of the total. Robert is the wealthiest of the foursome. 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. His father, an itinerant pipeliner, died of leukemia when Duncan was 17. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. 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. 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. 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. 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. Almost by definition, Enterprise seemed destined to stay under the radar. 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. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. Political party. She was made chairwoman in 2013. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. The current estimated net worth of Enterprise. In the last year, Enterprise Products Partners insiders bought shares 6 times. 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. | Peter.Dawson@chron.com | NEWS WHEN YOU NEED IT: Text CHRON to 77453 to receive breaking news alerts by text message | Sign up for breaking news alerts delivered to your email here. 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. Duncan was part of an illustrious Houston philanthropic . 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. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968.
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