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# 293 Randa Williams $7.72B

Random fact: Son struggled with dyslexia as a child.


Williams is the chairman of Enterprise Products Partners, a midstream energy company. The Houston-based business has $68 billion in assets including about 50,000 miles of pipelines. Williams and three siblings control one-third of the publicly traded company, which was co-founded by her father in 1968.

As of :
Last change +$32.1M ( +0.4%)
YTD change +$493M ( +6.8%)
Biggest asset EPD US Equity
Country / Region United States
Age 61
Industry Energy
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Randa Williams's net worth of $7.72B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Randa Duncan Williams's fortune stems from her share of stock inherited in Enterprise Products Partners, a Houston-based midstream energy business with about 50,000 miles of pipelines, according the company's website.

Williams is one of the four children of Enterprise Products Partners founder Dan Duncan and his wife, Jan. After her father's death in 2010, Williams and her two sisters, Milane Duncan Frantz and Dannine Duncan Avara, and brother Scott Daniel Duncan inherited the family trusts that make the siblings the largest shareholding group of the company. This analysis asserts the siblings split their father's share equally, based on his will filed in Harris County, Texas, probate court on April 14, 2010. In that document, Duncan acknowledges the four as his descendants and wills them the entities which held the vast majority of his shares without indicating any uneven split among them.

The family's interest in Enterprise Products has collected more than $9 billion in cash distributions since October 1998, according to data compiled by Bloomberg. These dividends have been adjusted for stock purchases taxes and appreciated with an allocation of 30% each in cash, U.S. bonds and large cap stocks, and 10% commodities. Dan Duncan died in 2010, when there was no estate tax in the U.S.

Of the 702 million units under family control, 93 million units are pledged as collateral by Duncan family investment vehicles and aren't included in the net worth calculation, according to the 2021 annual report filed with the Securities and Exchange Commission. Williams is credited with a quarter of the Duncan family's holdings, or about 8% of the company.

Enterprise Products spokesman Rick Rainey declined to comment on the family members's net worth calculations.


Family: Married, 1 child

Randa Duncan Williams is the non-executive chairman of the board of publicly traded Enterprise Products Partners and chairman of Enterprise Products, the closely held company that controls about one-third percent of the partnership interest of the publicly traded entity. She splits the economic interest in that partnership stake with her three siblings.

Her father, Dan Duncan, founded Enterprise Products in 1968 -- with $10,000 and two fuel trucks -- as a natural gas liquids wholesaler. He later expanded into crude pipelines, fuel storage and natural gas processing. By the time of his death in March 2010, he had parlayed that initial investment into a company with a market capitalization of about $31 billion. In the last decade of his leadership, the company delivered an annual 20 percent return on investment. Duncan had four children with his wife, Jan, who is still alive. Randa is the oldest child, followed by two sisters, Milane Duncan Frantz and Dannine Duncan Avara, and a brother, Scott Daniel Duncan.

Williams is the only Duncan sibling to hold a management role in the family business. After graduating from Rice University in 1985, with a degree in political science and economics, she received a law degree from the University of Houston and practiced law for six years. She joined Enterprise Products in 1994, rising to the level of president and chief executive officer in 2001, and then chairman in 2010. After her father's death that year, she became the sole family trustee on a board that manages the family holdings in Enterprise Products. In February 2013, she became non-executive chairman of the publicly traded company, in addition to chairman of the closely held entity.

Williams is active on the boards of several Houston educational and medical institutions, including the Houston Zoo and the Albert and Margaret Alkek Foundation, of which her husband, Charles A. Williams, is president. The couple lives in Houston with their teenage son.

  • 1968 Dan Duncan forms Enterprise as a natural gas liquids distributor.
  • 1980 Company begins building 35,000 barrel-a-day Texas fractionator.
  • 1994 Joins Enterprise Products after six years practicing law.
  • 1998 Company sells shares in an initial public offering at $22 a unit.
  • 2001 Named Enterprise Products president and chief executive officer.
  • 2009 Randa Duncan Williams elected to Rice board
  • 2010 Father Dan Duncan, Enterprise Products founder, dies.
  • 2013 Becomes non-executive chairman of Enterprise Products Partners.