Randa Williams (née Duncan, born 1960/1961), is an American

billionaire A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...

heir to the Duncan family fortune (through

Enterprise Products Enterprise Products Partners L.P. () is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of th ...

, which remains under family control). She and her 3 siblings each hold an 8% stake in the family business.

Biography

Randa Duncan was born to Barbara Ann and Dan Duncan. Her father,

Dan Duncan Dan L Duncan (January 2, 1933 – March 29, 2010) was an American born in Center, Texas. He was the co-founder, chairman and majority shareholder of Enterprise Products. Early life and education Duncan was born in 1933 in rural Shelby County, ...

, was the co-founder of Enterprise Products.Houston Business Journal: "Dan Duncan dies at 77" by Casey Wooten
March 29, 2010 She has a JD from the

University of Houston The University of Houston (UH) is a Public university, public research university in Houston, Texas. Founded in 1927, UH is a member of the University of Houston System and the List of universities in Texas by enrollment, university in Texas ...

and a bachelor's degree from

Rice University William Marsh Rice University (Rice University) is a Private university, private research university in Houston, Houston, Texas. It is on a 300-acre campus near the Houston Museum District and adjacent to the Texas Medical Center. Rice is ranke ...

Career

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. Due to a temporary repeal in the

estate tax An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. International tax law distinguishes between an es ...

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. In 2019, she purchased ''

Texas Monthly ''Texas Monthly'' (stylized as ''TexasMonthly'') is a monthly American magazine headquartered in Downtown Austin, Texas. ''Texas Monthly'' was founded in 1973 by Michael R. Levy and has been published by Emmis Publishing, L.P. since 1998 and is ...

Philanthropy

Williams is a member of the board of trustees for the

Houston Zoo The Houston Zoo is a zoological park located within Hermann Park in Houston, Texas, United States. The zoo houses over 6,000 animals from more than 600 species. It receives 2.1 million visitors each year and is the second most visited zoo i ...

, was a member of the board of trustees for the

Houston Museum of Natural Science The Houston Museum of Natural Science (abbreviated as HMNS) is a natural history museum located on the northern border of Hermann Park in Houston, Texas, United States. The museum was established in 1909 by the Houston Museum and Scientific Soc ...

since 1995 and its chairman. She was on the trustee boards for the Manned Space Flight Education Foundation,

River Oaks Baptist School River Oaks Baptist School is a Private school, private, Christian, co-educational day school for students in K-8 school, preschool, lower school and middle school located in River Oaks, Houston, Houston, Texas. Founded as a mission of a small Bap ...

and the

Houston A+ Challenge Houston A+ Challenge, now Texas A+ Challenge, is a not-for-profit public-private partnership based in Houston, Texas. The organization's mission is to serve "as a catalyst for change in the public schools that educate nine of every ten children in ...

.Forbes: The World's Billionaires - Randa Williams
September 2013 In 2013, Williams was elected as Enterprise Production Partners' non-executive chairman.

Personal life

She lives in Houston with her husband, and they have one child.

References

{{DEFAULTSORT:Williams, Randa 1960s births People from Houston Rice University alumni American businesspeople in the oil industry American philanthropists American billionaires Female billionaires Living people Duncan family