3rd party / other. 9. "What's unique, besides your assets and staff, is your relationships. 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. 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. The gas and oil company is still under family control. By the late 1970s, when Enterprise really started building assets, Duncan could borrow $300 million from the bank. 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. Both his first and second wife succumbed to cancer. 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. Bill White, the former mayor of Houston said: "I can't think of a better steward for the heritage of Texas Monthly. To keep in shape for the hunts, Duncan would walk up and down the stairs at work, as many as 200 flights a day. Butt, grandson of H-E-B founder Florence Butt, and three relatives sister Mary Butt Crook and two nephews own H-E-B. Enterprise Products, has grown into the second-largest company headquartered in Houston with a stock market market value of $63 billion. 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.. She was named executor of her fathers estate when he died. David Thompson, CEO of INEOS Trading & Shipping, says: Todays ceremony was very special for INEOS. 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. Where does she come from? 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. 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. 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!' Dan Duncan, who died in 2010, left the fortune he amassed as the co-founder and chairman of Enterprise Product Partners to his four children, Dannine Avara, Scott Duncan, Milane Frantz and Randa Williams. Duncan was the first overall pick in the 1959 NFL Draft by the Green . News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. The history of film is full of both real and fictional cautionary tales, showing how quickly someone can go from leading a relatively normal life to having their world completely turned upside down. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. The Campaign to Sabotage Texass Public Schools. 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. A New Democrat, Duncan was the only non- Conservative MP from Alberta from the 2008 election until . Duncan Williams is the eldest child of Dan Duncan, who was Houstons wealthiest man when he died in 2010. Additionally, she sits on the board of the University of Texas Health Science Center. She and her 3 siblings each hold an 8% stake in the family business. Learn More about insider trades at Enterprise Products Partners. And how much money does she have, anyways? The family fortune has more than doubled . News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. Bring on the Shiplap. Texas Monthly should be in good hands under her stewardship, Stein said. 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. Three months later, the TB claimed his mother. For the second time since 2016, Texas Monthly magazine is getting a new owner. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. Randa enjoys the highest profile among the four Duncan siblings. Prior to that, she served as managing editor of Poynter.org. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". You can view The Poynter Institutes most-recent public financial disclosure form 990, Poynter ACES Introductory Certificate in Editing, The new Succession trailer, along with media news and must-read links for your weekend, Is there really a shoplifting epidemic?, Assistant Professor of Business (Accounting) - McMinnville, OR (97128), Editor & Lead Reporter - Newton, MA (02460), Executive Editor - Meriden (CT) Record Journal - Meriden, CT (06450), Associate News Editor - Seattle, WA (98109), Research Policy Reporter, C&EN - Washington, DC (20036), WUNC Podcast Producer & Host - Durham, NC (27701), Senior Copy and Content Editor - 23098 - Washington, DC (20037), Editor-in-Chief of Assembly - Washington, DC (20001), Communications Specialist - Richmond, VA (23294). 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. His nice guy look hides the type of person his character truly is. He thought that such a new business niche could make him a profitable living. Like her father, Randa stays out of the spotlight. 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 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. Three decades later, numerous companies in the Gulf Coast region have become successful following Enterprise's model. 13. >>> Scroll through to see which other Houstonians made the list. She's very well read, independent-minded and proud of her Texas heritage.". A Texas history buff owning a magazine about Texas seems like a natural fit. PACs. 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 . She was elected as a board director in 2010 and as chairman in 2013. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. After Wanda was sold in 1968, Duncan decided to go out on his own. 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. They purchased a total of 65,350 shares worth more than $1,573,730.50. Only pipeline magnate Rich Kinder, with a net worth of $7.3 billion, outranks them. It will also be available on VOD for home viewing. Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, according to reports. A Right-wing Cabal Took Over Odessas Municipal Government. Today is another milestone in our continuing relationship and I wish both the ship and the Grenadier 4X4 well.. Above you can find out the answers to those questions and more. Did Enterprise dispute the amount? 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, 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. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. book to class, Oops! The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. 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. Randa Williams lives in Houston, TX; previous city include La Porte TX. 2010 - present. Theres An App for That. Both Taliaferro and Hobby have repeatedly denied that any such deal took place. Randa Duncan Williams - Director, Enterprise Products Partners Lp. Randa Duncan Williams and her husband live in Houston, of course. 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. "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. 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. 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. 2023 Celebrity Net Worth / All Rights Reserved. Site designed and developed by The MTM Agency. Theyre not looking at it that way. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. In that and a subsequent horrific scene, Deck is unflinching with the camera, placing it in a single location and rarely cutting, even when things get supremely uncomfortable.