BillionaireNet
Williams
R
Rank #346
UNITED STATESEnergyPipelines

Randa Duncan Williams

Net Worth
$9.461B
-0.06% (24h)
Randa Duncan Williams is an American businesswoman and non-executive chairwoman of Enterprise Products Partners, a major midstream energy company. With a net worth of $9.6 billion, she is a prominent figure in the energy industry. Her wealth source is primarily derived from pipelines. Her career includes serving as the president and CEO of Enterprise Products. She is known for her leadership in the industry and her commitment to philanthropy. As of 2024, she holds the 307th position on the Forbes Billionaires list, with a global rank of 331.

The Full Dossier

Early Life and Education

Randa Duncan Williams was born in 1961 in Houston, Texas. She is the daughter of Dan Duncan, co-founder of Enterprise Products, and Barbara Ann Duncan. She earned a Bachelor of Arts/Science from Rice University and a Doctor of Jurisprudence from the University of Houston.

Rise to Success

Williams began her career practicing law before joining Enterprise Products in 1994. She served as President and CEO of Enterprise Products from 1994 to February 2001. In 2010, she inherited a significant portion of her father's estate, becoming one of the first American billionaires to avoid estate tax due to a temporary repeal of the estate tax law. In 2013, she became the non-executive chairman of Enterprise Products Partners.

Key Business Strategies

Randa Duncan Williams is the only one of her siblings actively involved in the family business. As non-executive chairwoman of Enterprise Products Partners, she plays a crucial role in the company's strategic direction. In 2019, she expanded her business interests by purchasing Texas Monthly magazine.

Philanthropy

Williams actively participates in philanthropy and is involved in several charitable endeavors, including the Houston Zoo, the Houston Museum of Natural Science, and Rice University.

Career Timeline

2019

Purchased Texas Monthly

Expanded her business interests by purchasing Texas Monthly magazine.

2013

Non-executive Chairman

Became the non-executive chairman of Enterprise Products Partners.

2010

Inherited from her father

Inherited $3.1 billion upon her father's death.

2001

President and CEO of Enterprise Products

Served as President and CEO until February 2001.

1994

Joined Enterprise Products

Began her career with Enterprise Products.

Philanthropic Impact

Education and CultureUndisclosed

Houston Zoo

Member of the board of trustees.

Education and CultureUndisclosed

Houston Museum of Natural Science

Member of the board of trustees.

Education and CultureUndisclosed

Rice University

Board of Trustees.

Wealth Trajectory