Sec Form 4 Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. They have one child. Fire Ants Have Unleashed Chaos in Texas for Decades. He was a low profile billionaire in a profitable but unsexy business. Use Next and Previous buttons to navigate, RANDA WILLIAMS - Portraits of each individual honoree to accompany her profile (head and shoulder). 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. Forbes estimates shes worth about $68 billion, making her the richest resident of Texas and the richest Walton heir. 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. 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. In 1995, Duncan waged his own battle with prostate cancer. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Hackett predicts the biggest player is likely to be Randa Duncan Williams, the late oil man's daughter who heads the family foundation. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. 2023 Forbes Media LLC. 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. 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. 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. And now Randa Duncan Williams is the new owner of the states top magazine, Texas Monthly. Hobby said that he first received interest from potential buyers of Texas Monthly shortly after Genesis Park purchased the magazine. They have looked under every rock. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. Williams earned herJuris Doctorate from the University of Houston College of Law. Learn More on Enterprise Products Partners' active insiders. She was named executor of her fathers estate when he died. The Hunt family, whose members are descendants of oil wildcatter H.L. What Genesis Park brought to us was the investment needed to begin to extend our brand beyond print to the platforms where audiences and revenue are growing, Goodgame said. Palm Trees and Power Lines opens on March 3 in select theaters. PATRICK . The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. "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. Williams joined Enterprise Products in 1994 and remains the non-executive chairman of the board. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. 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. Stock photos, 360 images, vectors and videos 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. 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. They purchased a total of 65,350 shares worth more than $1,573,730.50. 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. He thought that such a new business niche could make him a profitable living. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. It's receiving that's harder. Here are the 15 richest people in Texas, according to Forbes Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. The Natural Gas Pipelines & Services segment stores and transports natural gas. Dave Rossman, freelance / For the Chronicle. Since the Baylor gifts and the Forbes. 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. Outside Spending Groups. Forbes also ranks her as tied for the 290th richest person in the world. The company now owns close to 50,000 miles of energy pipelines and natural gas processing plants, as well as a large . Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. Randa Williams lives in Houston, TX; previous city include La Porte TX. Randa Williams Net Worth, Biography, and Insider Trading 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. 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.. Randa Duncan Williams has not been actively trading shares of Enterprise Products Partners during the last quarter. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. | 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. Randa Williams is 61 years old and was born on 08/28/1961. Randa Williams - Wikipedia "Major companies wanted to do business with companies with significant assets. "The one who seemingly came out of nowhere.". It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. While 2020 has been a nightmare financially for many, some locals have cashed in. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. She had strong opinions about things.. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. She inherited $3.1 billion upon the death of her father. The INEOS ethane fleet now consists of twelve vessels including four VLECs, and eight Dragon ships. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. She and her 3 siblings each hold an 8% stake in the family business. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. I cant think of a better steward for the heritage of Texas Monthly, said former Houston Mayor Bill White, whos a close friend. Randa Duncan Williams, a Houston billionaire and philanthropist. The Austin-based publication is being acquired by an entity owned by Houston investor Randa Duncan Williams, Texas Mon Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. Williams is the only one of four. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. She can treat it more like a non-profit. Randa Williams - Biography 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. He later became one of the largest pipeline operators in the United States. 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. One of those people was Williamsthough she had not been one of the early suitors. 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. Their net worth: $247 billion. ("Dub") Andras, This weeks Current Climate, which every Saturday brings you the latest news about the business of sustainability. 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. 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. This is a carousel. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. There, all manner of beasts pose majestically lions, leopards, bears, elephants trophies of a lifetime of big-game hunting on every continent but Antarctica. June 25, 2019 35 Texas Monthly magazine has a new owner. While all of the Waltons dont live in the Lone Star State, members of four of the countrys other wealthiest families do. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Williams was quoted in a release as saying, My family is delighted to provide the resources to support this iconic Texas institution which is nationally recognized for its editorial flair.. Randa L Williams, 61 - Houston, TX - Reputation & Contact Details 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. 10 things to know about Randa Duncan Williams, the Houston - Chron Chip Gaines Bought Larry McMurtrys Historic Texas Bookstore. So, who is she? All Rights Reserved. Profession. She and her 3 siblings each hold an 8% stake in the family business. 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. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Texas Monthly should be in good hands under her stewardship, Stein said. 1This 123-Day Report of Registration for apresidential general election is the second report of its kind; therefore, its data is being compared to the first 124-Day Report of Registration on July 7, 2016, and the 154Day Reports of . Both individuals are Houstonians. Paul Klotman, M.D. 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. Shes not ostentatious and she doesnt flaunt her wealth with fancy cars and other flashy indulgences, friends say. 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 was made chairwoman in 2013. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. Russias War On Ukraine: Daily News And Information From Ukraine, Todays Wordle #623 Hint, Clues And Answer For Saturday, March 4th, WWE SmackDown Results: Winners And Grades As Rhodes And Reigns Finally Face Off, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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. Williams earned a Bachelor's Degree from Rice University. Top party schools in every state. 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. 25 Richest Families in America | Stacker And You Thought Feral Hogs Were Bad. Hunt, sit at No. Randa Duncan Williams, Chairman of the general partner of Enterprise Products, says: At Enterprise we are delighted to work closely with INEOS. If Alice Walton were a family unto herself, shed rank as the fourth wealthiest clan in the country. 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. 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. INEOS is a Registered Trademark, the property of INEOS Capital Limited. According to its website, it has a paid circulation of 300,000 and is read monthly by 2.1 million people, or one out of 10 Texas adults. Randa Duncan Williams. Duncan's other secret was his dedication, a work ethic evident by his plan "to keep doing this until they carry me out in a box." But they don't attend many functions on Houston's social circuit.