PDF Secretary of State - California Read him on our breaking news site, Chron.com, and on our subscriber site, houstonchronicle.com. | 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. Use Next and Previous buttons to navigate. Enemies are nowhere to be found. 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. 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. It's receiving that's harder. Hobbys group paid $25 million for the magazine in 2016. Learn More on Randa Duncan Williams' trading history. Williams will be Texas Monthlys fourth owner since its founding by Mike Levy in 1973. A natural with numbers, Duncan quickly rose from accounting to operation and sales to executive vice president. Suddenly, Duncan found himself owing 22 percent interest on the $500 million he was in debt. Barbara Allen is the director of college programming for Poynter. Photo courtesy of Texas Monthly/Gittings Photography, These 4 Houstonians cash in on Forbes' list of richest American families, United Way 2014-15_Single Promoted Articles, MD Anderson Breast Cancer Promoted Article, Professional Skin Treatments by NuMe Express, CultureMap Houston Holiday Pop-up Shop 2017, Martha Turner Sotheby's International Realty, Discomfort of subject matter in Palm Trees and Power Lines serves to prove its strength. It will also be available on VOD for home viewing. 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. Donald Trumps real net worth? (The Duncans come in at No. Suddenly, he was being forced to sell assets, cut overhead, arrange payment plans. Theres a party going on deep in the heart of Texas. Seaman Treasurer 1996 - present. Richard Kinder and 10 other Houston billionaires cash in on Forbes list 10 things to know about Randa Duncan Williams, the Houston billionaire who just bought 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. A major philanthropist like her father, she has focused much of her giving on medicine, education, the arts and cultural institutions, such as the Houston Zoo and the Houston Museum of Natural Science. 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. Both Brown and Goodgame emphasized that Texas Monthlys long tradition of deep reporting and longform storytelling will remain a core editorial focus. Her father, Dan Duncan, was the co-founder of Enterprise Products. Randa Williams Duncan enjoys the highest profile among Houston's richest family. Randa Williams - Biography Randa Duncan Williams is Chairman at Enterprise Products Co. See Randa Duncan Williams's compensation, career history, education, & memberships. Neither Duncan nor Hobby disclosed details of the deal announced Tuesday. Duncan was the first overall pick in the 1959 NFL Draft by the Green . In Palm Trees and Power Lines, Lea (Lily McInerny) is a 17-year-old girl on summer break in Southern California, spending her days lying out in the sun and hanging out with her best friend, Amber (Quinn Frankel), among others. Are insane ticket costs pricing Astros fans out of Opening Day? The EIN for the organization is 59-1630423. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby. But it's easy to give. The process of connecting wells to consumers is one of the most unglamorous but profitable corners of the energy industry. Biography [ edit] Randa Duncan was born to Barbara Ann and Dan Duncan. The children Dannine Avara, Scott Duncan, Milane Frantz, and Randa Williams inherited a tax-free $10 billion share of their father's estate following his death in 2010, when the so . HSTORICAL VOTERI REGISTRATION STATISTICS FOR 123-DAY/154-DAY REPORTS1 FOR PRESIDENTIAL ELECTION YEARS . Its now official: This will be the last season of the brilliant series about a media mogul and his family. After practicing law for several years, she joined Enterprise in 1994, becoming chairwoman in 2013. 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. book to class, Oops! "I was enthralled by their vivid descriptions. The company makes money from oil and gas pipelines and the transportation and processing of natural gas liquids from fracking. Did Enterprise dispute the amount? 30 spot with a net worth of $10.8 billion. The experience and those of his loved ones made a lasting impression. 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. Avara's sister Randa Duncan Williams is the only . Each has an estimated net worth of $6.2 billion. Please visitwww.enterpriseproducts.comfor more information. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. When she gives money, shes selective and wants to ensure it will be spent appropriately. Ethane has spurred the modern petrochemical boom along the Gulf Coast by creating the building block chemicals for most plastics. [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. Randa Duncan Williams Vice President 1996 - present. By the time she discovers the truth about Toms life, it may be too late to go back. Elsewhere in Texas, The Walton family once again reigns as the richest family in the U.S., according Forbes. "In fact, he's smart as a whip, someone who doesn't forget a thing, someone you really have to listen to closely.". 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. Ms. Williams is the Chairman of Enterprise Products Holdings LLC. 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 corporate mailing address for Ms. Williams and other Enterprise Products Partners executives is 1100 LOUISIANA 10TH FLOOR, HOUSTON TX, 77002. "Major companies wanted to do business with companies with significant assets. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. Hobbys tenure as chairman of Texas Monthly also saw some tumult, including several high-profile staff departures and accusations of editorial impropriety in early 2018, when then editor-in-chief Tim Taliaferro was alleged by the Columbia Journalism Review to have agreed to an arrangement in which the dating app Bumble would pay for social media promotion for a Texas Monthly cover story about Bumble founder Whitney Wolfe Herd. City Employees Are Heading for the Exits. Hes never overtly pushy; instead, he subtly influences her with kindness and attention. Dannine Avara - Forbes 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. The Duncans estimate they throw 30 to 50 dinner parties a year there, many attended by a who's who of Houston's social and corporate elite. They have looked at the business through every lens. On HoustonChronicle.com: Houston billionaire buys Texas Monthly. from the University of Houston. Linda Francis Duncan (born June 25, 1949) is a Canadian lawyer and politician, and former Member of Parliament for the riding of EdmontonStrathcona in Alberta. 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. When he was 3 1/2 , his mother came down with tuberculosis. Randa Williams lives in Houston, TX; previous city include La Porte TX. Descendants of Sam Walton and brother Bud Walton own about half of Walmarts stock. She received . 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. FC Barcelona head coach Xavi Hernandez has spoken more on his team's 'sensational' defensive performance against Real Madrid in the Copa del Rey semi-final first leg ahead of his team's clash with Valencia in La Liga on Sunday. Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Dan Duncan died of a cerebral hemorrhage at his home in Houston on March 28, 2010. We report on vital issues from politics to education and are the indispensable authority on the Texas scene, covering everything from music to cultural events with insightful recommendations. 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. For the second time since 2016, Texas Monthly magazine is getting a new owner. TikTok Is Banking On Project Texas to Avoid a U.S. Ban. Since the Baylor gifts and the Forbes listing, Duncan has become the hot new target of the city's fundraisers. Houston's richest man raises his profile - Chron Randa Duncan was born to Barbara Ann and Dan Duncan. She inherited $3.1 billion upon the death of her father. Duncan family - Forbes Hearst Randolph "Randy" Duncan, Jr. (March 15, 1937 - September 27, 2016) was an American gridiron football quarterback and lawyer.. Joe M. Bailey 1996 - present. Texas Monthly gets new ownership, again - statesman.com Williams also made The Houston Chronicle's, Brett Coomer, Houston Chronicle / Staff photographer, Willie Nelson pays lovely tribute to another country legend, Rare photos show 2 ocelots crossing South Texas road, Mayor: HISD has two optionsclose school or be taken over. 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. Albert & Margaret Alkek Foundation - President's Message 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. Houston looks for new generation of top givers - Chron $2.5 billion, according to our most recent tally. 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. Forbes lists Williams at the 290th richest person in the world, with an estimated net worth of $6.4 billion. The Duncan family's net worth comes from pipeline company Enterprise Product Partners, which was founded by Dan Duncanin 1968. They purchased a total of 65,350 shares worth more than $1,573,730.50. Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten, BusinessWeek: "Executive Profile - Randa Duncan Williams J.D. She previously served on the board of directors of Encore Bancshares. Theres An App for That. Randa duncan williams hi-res stock photography and images - Alamy In 2018, according to the Forbes 400, Williams, along with two of her siblings. He was dead in a week. 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. [1], She has a JD from the University of Houston and a bachelor's degree from Rice University.[2]. Texas Monthly is the latest in a series of newsrooms to be scooped up and bolstered by the deep and patient pockets of legacy media-loving billionaires. All four Duncan siblings have identical wealth and ranking (both in the U.S. and in globally). Williams is a well-known philanthropist who contributes to numerous Houston-based charities. Houston billionaire Randa Duncan Williams, chairwoman of midstream giant Enterprise Product Partners LP and daughter of its late founder, leads the company that has now acquired Texas Monthly.