Randa Williams
Randa Williams | |
|---|---|
| Born | Randa Lynn Duncan 1962 [1] |
| Nationality | American |
| Alma mater | Rice University University of Houston |
| Occupation | executive director |
| Known for | holding an 8% stake in Enterprise Products |
| Spouse | Charles Williams |
| Children | 1 |
| Parent | Dan Duncan (father) Barbara Ann Duncan (mother) |
| Family | Milane Duncan Frantz (sister) Dannine Duncan Avara (sister) Scott Duncan (brother) |
Randa Lynn Williams (née Duncan) is an American billionaire heir to the Duncan family fortune (through Enterprise Products, which remains under family control). She and her three siblings each hold an 8% stake in the family business.
Biography[edit]
Randa Duncan was born to Barbara Ann and Dan Duncan. Her father, Dan Duncan, was the co-founder of Enterprise Products.[2]
She has a JD from the University of Houston and a bachelor's degree from Rice University.[3]
Career[edit]
After school, she practiced law with Butler & Binion and Brown, Sims, Wise & White. Williams served as the president and chief executive officer (CEO) of Enterprise Products and vice president at Enterprise Products from 1994 to February 2001.
She inherited $3.1 billion upon the death of her father.[4] 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.[5]
In 2019, she purchased Texas Monthly.[6][7]
Philanthropy[edit]
Williams is a member of the board of trustees for the Houston Zoo, was a member of the board of trustees for the Houston Museum of Natural Science since 1995 and its chairman. She was on the trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School and the Houston A+ Challenge.[8]
In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman.[9]
Personal life[edit]
She lives in Houston with her husband, and they have one child.[8]
References[edit]
- ^ Profile, chicagotribune.com. Accessed May 24, 2023.
- ^ Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten March 29, 2010
- ^ BusinessWeek: "Executive Profile - Randa Duncan Williams J.D." retrieved July 27, 2013
- ^ Houston Business Journal: "Duncan heirs added to Forbes richest 400 list" by Casey Wooten September 22, 2010
- ^ New York Times: "Legacy for One Billionaire: Death, but No Taxes" By DAVID KOCIENIEWSKI June 8, 2010
- ^ Dawson, Peter (June 25, 2019). "10 things to know about Randa Duncan Williams, the Houston billionaire who just bought Texas Monthly". Houston Chronicle. Retrieved April 23, 2020.
- ^ "Texas Monthly gets new ownership, again". Austin American Statesman. June 25, 2019. Retrieved April 23, 2020.
- ^ a b Forbes: The World's Billionaires - Randa Williams September 2013
- ^ "Randa Williams". Forbes. Retrieved 2016-05-11.
