Texas Monthly gets new ownership, again - statesman.com 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. Chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father; purchased Texas Monthly in June 2019. Houston pipeline heirs strike it rich as wealthiest family in Texas As one of the two largest companies of its kind in the nation, Enterprise boasts more than 32,000 miles of onshore and offshore pipelines and nearly 175 million barrel equivalents of natural gas and natural gas liquids storage capacity. Randa Williams is marred to her husband, Charles A. Williams. In 2016, Hobby led private equity investors from Genesis Park to buy the magazine for $25 million. Dan Duncan famously founded the energy empire that would become Enterprise Products Partners with just $10,000 and a couple of propane trucks. Williams will be Texas Monthly 's fourth owner since its founding by Mike Levy in 1973. [8], She lives in Houston with her husband, and they have one child.[7]. A self-made man, he started with a $250 loan from his dad and left a charitable foundation with initial assets of $178 million. Randa Duncan Williams has a net worth of $7.2 billion. 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. She also serves on the governance and capital projects committees. 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. They have one child. Enterprise is Mont Belvieus biggest player. book to class, Oops! He was dead in a week. Leave them blank to get signed up. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. Each has an estimated net worth of $6.2 billion. | 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. Additionally, she sits on the board of the University of Texas Health Science Center. As a child, Duncan lost his mother to tuberculosis and his only sibling, an older brother, to tetanus. Yesteday in Houston, one of the worlds largest ethane carriers came face to face with its namesake, the INEOS Grenadier 4X4, at the ship's official christening ceremony. 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). A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Grenadiers meet at the Pacific INEOS Grenadier naming ceremony. A Federal Judge in Amarillo Could Effectively Ban the Abortion Pill. Major Williams Republican Democratic Los Angeles 2012-2022 Orange 2012-2022 Orange 2021-2022 2012-2021 San Diego 2018-2022 Sonoma 2012-2018 Lassen 2012-2022 . Since the Baylor gifts and the Forbes. [4], In 2019, she purchased Texas Monthly'. 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. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. The Campaign to Sabotage Texass Public Schools. Looking for a product? 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. "My idea was to build an asset-based, midstream company that'd serve the industry better than Wanda," Duncan said. Williams is the only one of four. The Duncan Family is the 21st-wealthiest family in the world, with a combined $26 billion net worth. Randa Duncan Williams is the daughter of the late Dan Duncan, who was the richest man in Houston when he died in 2010. The next summer, he began traveling to visit his father wherever he was working. Forbes also ranks her as tied for the 290th richest person in the world. (The Duncans come in at No. Lea and her mom, Sandra (Gretchen Mol), are constantly at odds, with Sandra distracted by her work and her own dating life. 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. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. Like her daddy, she prefers to keep a low profile. Chart Data in Insider Trading History Table. News broke Monday that on Randa Duncan Williams has purchased Texas Monthly magazine from Paul Hobby. Outside, 20 species of native and exotic game roam the 5,000-acre spread named the Double D. Duncan's passion for hunting dates to boyhood jaunts for small game in East Texas, but it reawakened in his mid-30s, after a trip to New Mexico to hunt Rocky Mountain elk. Randa enjoys the highest profile among the four Duncan siblings. The corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. The Basses hold down the No. Handout / Texas Monthly Show More Show Less 2 of 11. Submit a correction suggestion and help us fix it! As of February 9, 2023 What is Randa Duncan Williams's Net Worth? 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. For the second time in less than three years, Texas Monthly has a new owner. 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. "No," replied Randy Burkhalter, Duncan's director of investor relations, "but do you really have to print that?". Todd Ackerman was a veteran reporter who covered medicine for the Houston Chronicle. 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. She is a major philanthropist who focuses on medicine, education, the arts, and cultural institutions. In person, the 73-year-old Duncan hardly fits the billionaire image. 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. At the ceremony, Randa Duncan Williams, Chairman of the general partner of Enterprise Products, formally named the ship and became its official Godmother. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. The current estimated net worth of Enterprise. 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. 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. 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. 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. A spiritual woman who'd listen raptly to religious programs on the radio, she became Duncan's greatest influence. EPCO's principal business was to provide employees, management, and administrative services to Duncan's companies, including Enterprise Products LP, Enterprise Products GP, and (until the 2010 Merger) EPE. He was a low profile billionaire in a profitable but unsexy business. But its message, even if its tough to swallow, is a powerful one that deserves attention, and its delivered strongly by all involved. On this Wikipedia the language links are at the top of the page across from the article title. All Rights Reserved. Donald Trumps real net worth? Learn More on Enterprise Products Partners' active insiders. We are also proud ambassadors of the uncompromising Grenadier 4X4. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. She has her bachelor's degree in political science and economics from Rice University and her law degree from the University of Houston. Prior to joining Enterprise in 1994, Randa practiced law with Brown, Sims, Wise & White and Butler & Binion. She graduated from Rice University with a degree in political science and economics, then earned her law degree from the University of Houston. I have been an avid Texas Monthly reader since I was a teenager, Williams said in a statement. ("Dub") Andras, After a stint in the Army in the mid-1950s he was stationed in Germany doing radio communications Duncan moved to Houston and went back to school. And she intends to provide them., She wants to own it forever, added Brown. I remember Randa as being very engaged and politically active, Stein said. Need to know more? 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I knew about her passion for the brand, Hobby said, and it was a logical conclusion that she would be interested., From that point on, the sale process involved a rigorous review of the business by Williamss team, Brown said. Randy Duncan - Wikipedia Despite it all, Duncan built a $15 billion company in an esoteric part of the natural gas industry known as midstream, between exploration and end-use. 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. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. Did Enterprise dispute the amount? Are insane ticket costs pricing Astros fans out of Opening Day? In 2018, according to the Forbes 400, Williams, along with two of her siblings. His nice guy look hides the type of person his character truly is. 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.. And how much money does she have, anyways? PATRICK . Reflects change since 5 pm ET of prior trading day. Learn More on Randa Duncan Williams' trading history. 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. And You Thought Feral Hogs Were Bad. 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.. The way it played out is poetic.. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Randa and Charlie Williams at the Audrey Hepburn Society Ball at the . Bachelor of Arts/Science, Rice University; Doctor of Jurisprudence, University of Houston. 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. By the time she discovers the truth about Toms life, it may be too late to go back. New billionaire owner of Texas Monthly prefers background Forbes recently listed Williams as the ninth wealthiest person in Texas. Learn More on Randa Duncan Williams' contact information. We know that Randa's political affiliation is unknown .

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