| 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. Forrest Wilder writes about politics and the outdoors. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. We use cookies to make sure you get the most from our website. She's in the news recently as she just bought her home state's top magazine, Texas Monthly. 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. Its now official: This will be the last season of the brilliant series about a media mogul and his family. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". She sits on the board of the University of Texas Health Science Center where a clinic is named after her father at the Children's Learning Institute. Are ticket costs pricing Houston Astros fans out of Opening Day? Whats Up With All the Kangaroos on the Loose in Texas? Today, though his international hunting trips are largely behind him, he looks as trim and fit as ever. "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. Three months later, the TB claimed his mother. Astros GM Dana Brown has more praise team's top prospect, This is what Houston looks like from space, MLB legend makes surprise appearance at Astros' Spring Training, Meet the Astros prospect tearing up Spring Training, Report: Houston ranked No. 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. Using a process known as fractionation, Enterprise treats and separates natural gas liquids into individual products such as propane, butane and, especially, ethane. 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. For example, preservation of food and clean water; construction of wind turbines, solar panels and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. According to its website, it has a, Dr. Patrick Soon-Shiong, the Los Angeles Times, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. Randa Duncan Williams, a Houston billionaire, has purchased the Austin-based magazine. After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. 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. 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. Insiders at Enterprise Products Partners own 32.6% of the company. [4], In 2019, she purchased Texas Monthly'. For the second time in less than three years, Texas Monthly has a new owner. 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. Use Next and Previous buttons to navigate. For the second time since 2016, Texas Monthly magazine is getting a new owner. the Texanist, is a staff writer. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. Texas Monthly magazine sold to Enterprise Products affiliate led by The most recent insider tranaction occured on December, 27th when Director Carin Marcy Barth bought 5,000 shares worth more than $119,950.00. When he was 3 1/2 , his mother came down with tuberculosis. She joined Enterprise in 1994 as vice president. Williams is the daughter of the late Dan Duncan, who was formerly the richest man in Houston. Enterprise Products Partners LP Stock Ownership - WallStreetZen 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. Deck structures the film so that Lea is almost the perfect victim, someone whos alienated from those close to her and more than willing to accept someone who promises a type of escape. 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. Williams holds a bachelors degree from Rice University and a J.D. Report Date Eligible Voters2 Registered Voters Percent . Available for both RF and RM licensing. 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. Slowly but surely she falls for him, even though part of her knows the situation feels off. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair.". Linda Duncan - Wikipedia 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. HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . Get the Poynter newsletter that's right for you. Only ConocoPhillips, valued at $68 billion, is larger among Houston-based companies. With his ruddy complexion, smooth skin and occasionally impish grin, he exudes the warmth of your favorite uncle. 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. Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. >>> Scroll through to see which other Houstonians made the list. Williams is the only one of four. The handoff of ownership becomes official June 30. "In this business, everyone has the same product," said Duncan, who owns 37 percent of Enterprise. Both individuals are. Randa Duncan Williams. Williamss purchase of Texas Monthly comes at a time of great change in the media industry. from the University of Houston. 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. This is a carousel. Inside the Bro-tastic Party Mansions Upending a Historic Austin Community. Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. He liberated airlines and trucking and enabled the 1980s-1990s boom. Margaret Alkek Williams Chairman 2005 - present Board member since 1996 Charles A. Williams President 1996 - present. Houston pipeline heirs strike it rich as wealthiest family in Texas Investors are already flocking there for a chance at 1,000%+ returns. Enter your email address below to get our daily insider buying and selling report. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. Since then, he has hunted with the Eskimos of the North in Canada, the Pygmies of the Central African Republic, the Bushman people of Botswana and the nomads of Northern Africa. 16 / 25. 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.. Duncan Williams, 57, is the only one of Duncans children actively involved in the family business, where she chairs Enterprises board of directors. Randa Duncan was born to Barbara Ann and Dan Duncan. Under Hobbys ownership, Texas Monthly began to aggressively reshape its business and editorial operations for this new reality. 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. If I did it over, I'd never be this lucky again.". 30 spot with a net worth of $10.8 billion. It also is a story full of tragedy. 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. 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. 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. 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 was dead in a week. The chairman of both Texas Monthly, LLC, and EPCO is Randa Duncan Williams. He later became one of the largest pipeline operators in the United States. That $247 billion sum represents close to half of Walmarts annual revenue and is equivalent to the size of Chiles economy. They have one child. Because nobody is perfect, humans are prone to innumerable bad decisions, or to being manipulated by others into doing things they wouldnt normally do. 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. It highlights perfectly the immense breadth of the company which now spans from chemicals and energy, to fashion and automotive. Truth be told, there's little left for Duncan to pursue. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. 8. People consume storytelling more than they ever have, Goodgame said. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. 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. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. The journalistic integrity and quality for which Texas Monthly is known will remain unchanged as we build upon what Genesis Park has done over the past two years., Hobby praised Williams as a quiet, smart, and decisive leader. The vehicle was present as a guest of honour on the quayside as the ceremony took place. They just do it in many different ways today. It made for tough times for Duncan, whose business philosophy was all about growing the company. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. Where does she come from? Plus, whether stronger penalties slow retail theft, the deal with all the near-misses on airport runways, and more. This chart shows Randa Duncan Williams's buying and selling at Enterprise Products Partners by year and by quarter. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Almost by definition, Enterprise seemed destined to stay under the radar.