⬅ # 332 Patrick Soon-Shiong|# 334 Arthur Blank

# 333 Randa Duncan Williams 

$8.05B

Real Time Net Worth
as of 4/12/2024
-$29.7M (-0.37%)

# 333 Randa Duncan Williams 

$8.05B

Real Time Net Worth
as of 4/12/2024
-$29.7M (-0.37%)
OccupationNon-Executive Chair of the Board, Enterprise GP Holdings
Source of WealthPipelines
Age62
ResidenceHouston, Texas
Marital StatusMarried
Children1
EducationBS, Rice University; Doctor of Jurisprudence, University of Houston
Age-Adjusted Net Worth$7.03B
Randa Duncan Williams
Randa Duncan Williams
United States
Net worth: $8.05B

Self-Made Score 

Wealth History

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Biography

Overview

Randa Duncan Williams was born to Barbara Ann and Dan Duncan, the co-founder of Enterprise Products.
She obtained a JD from the University of Houston and a bachelor's degree from Rice University in 1985.
Williams inherited $3.1 billion upon her father's death, making her one of the first American billionaires to pay no estate tax in 2010.
In 2019, she purchased Texas Monthly.
She resides in Houston with her husband and has one child.

Career

After law school, Williams practiced law with Butler & Binion and Brown, Sims, Wise & White.
From 1994 to February 2001, she served as the president and CEO of Enterprise Products and as vice president.
Williams became non-executive chairman of Enterprise Production Partners in 2013.
She joined the family business in 1994 and became its president and CEO in 2001.
Williams is the only one among her siblings actively involved in running the family business.

Philanthropy

Williams serves as a member of the board of trustees for the Houston Zoo and was a trustee for the Houston Museum of Natural Science since 1995.
She chaired the board of trustees for the Houston Museum of Natural Science.
Additionally, she was involved in trustee boards for the Manned Space Flight Education Foundation, River Oaks Baptist School, and the Houston A+ Challenge.
She is also on the board of trustees at Rice University, her alma mater.
Williams has actively contributed to philanthropic endeavors in various sectors.

How long would it take you to become as rich as Randa Duncan Williams?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Randa Duncan Williams's net worth of $8.05B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.63% compared to 10.38% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Randa Duncan Williams is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Randa Duncan Williams, Pipelines is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey