Randa Lynn Williams (née Duncan, born 1962) is an American

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...

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 three 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 entrepreneur 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 ...

, 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 (; ) is a Public university, public research university in Houston, Texas, United States. It was established in 1927 as Houston Junior College, a coeducational institution and one of multiple junior colleges formed in ...

and a bachelor's degree from

Rice University William Marsh Rice University, commonly referred to as Rice University, is a Private university, private research university in Houston, Houston, Texas, United States. Established in 1912, the university spans 300 acres. Rice University comp ...

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 International tax law distinguishes between an estate tax and an inheritance 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 pr ...

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. Founded in 1973 by Michael R. Levy, ''Texas Monthly'' chronicles life in contemporary Texas, writing on politics, the Natura ...

''.

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 900 species. It receives around 2 million visitors each year and is the second most visited zoo ...

, 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 Soci ...

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 Houston ( ) is the most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County, as well as the principal city of th ...

.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 1962 births Date of birth missing (living people) Businesspeople from Houston Rice University alumni American businesspeople in the oil industry American philanthropists American billionaires Female billionaires Living people Duncan family University of Houston Law Center alumni