David Hains | |
---|---|
Born |
c. 1931 Australia |
Died | Melbourne, Australia | 22 January 2023 (age 92)
Nationality | Australian citizenship |
Alma mater | University of Melbourne |
Occupation(s) | Billionaire businessman; investor; horse breeder |
Board member of | Portland House Group |
Spouse | Helen Hains |
Children | 5 |
David Hains ( c. 1931 – 22 January 2023) was an Australian businessman, engineer, and horse breeder. [1] [2] He was the founder and once CEO of Portland House Group, Australia’s largest private investments management firm and hedge fund. According to Forbes, Hains had at the time of his death a personal net-worth of around $2 billion, making him one of Australia’s richest person. [3]
Hains graduated from the University of Melbourne. [2] He started his career as an engineer and in corporate restructuring. [1] [4] In the 1960s, he took a seven-year hiatus from his career to play golf. [5]
Through his Portland House Group, Australia's biggest hedge fund that he managed with his children, Hains invested in equities, fixed interest, property and managed funds globally. [2] [1] [4] In 1993, he sold an investment to Wheeling-Pittsburgh Steel for US$107 million. [1]
Hains bred horses at his Kingston Park Stud in Merricks North, Victoria. [2] [1] [6] His horses include Kingston Town, Lowan Star and Rose of Kingston. [1]
Hains was married to Helen Hains and had five children. [7] His son Richard Hains is a hedge fund manager and author of the novel Chameleon. [8] Helen Hains died on 24 August 2017. [7]
Hains died on 22 January 2023, at the age of 92. [9]
In May 2019, The Australian Financial Review estimated Hains' net worth as A$2.90 billion as published in the Financial Review Rich List; [10] and in January 2019 his net worth was estimated by Forbes Asia as US$1.90 billion as published in the list of Australia's 50 richest people. [11] [12] [13] As of May 2021 [update], Hains was one of ten Australians who had appeared in every Financial Review Rich List, or its predecessor, the BRW Rich 200, since it was first published in 1984, [14] [15] until his death in 2023. In 2023, the Financial Review, assessed the net worth of Hains' descendants, Stephen, Richard and Michael Hains and family, at A$2.88 billion. [16]
Year |
Financial Review Rich List |
Forbes Australia's 50 richest | ||
---|---|---|---|---|
Rank |
Net worth A$ |
Rank | Net worth US$ | |
2011 [17] [18] [19] | 7 ![]() |
2.30
billion ![]() |
9 ![]() |
2.00 billion ![]() |
2012 [20] [21] | 12 ![]() |
2.20 billion ![]() |
11 ![]() |
2.00 billion ![]() |
2013 [22] | 15 ![]() |
2.32 billion ![]() |
11 ![]() |
2.30 billion ![]() |
2014 [23] | 12 ![]() |
2.39 billion ![]() |
12 ![]() |
2.10 billion ![]() |
2015 [24] | 12 ![]() |
2.46 billion ![]() |
11 ![]() |
2.10 billion ![]() |
2016 [25] [1] | 14 ![]() |
2.48 billion ![]() |
10 ![]() |
1.90 billion ![]() |
2017 [26] | 16 ![]() |
2.55 billion ![]() |
19 ![]() |
|
2018 [27] | 21 ![]() |
2.69 billion ![]() |
19 ![]() |
|
2019 [10] [11] | 23 ![]() |
2.90 billion ![]() |
19 ![]() |
1.90 billion |
2020 [28] | 28 ![]() |
2.93 billion ![]() |
||
2021 [14] | 31 ![]() |
2.89 billion ![]() |
||
2022 | 36 ![]() |
2.90 billion ![]() |
||
2023 [note 1] [16] | 38 ![]() |
2.88 billion ![]() |
Legend | |
---|---|
Icon | Description |
![]() |
Has not changed from the previous year |
![]() |
Has increased from the previous year |
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Has decreased from the previous year |
David Hains australia.
David Hains | |
---|---|
Born |
c. 1931 Australia |
Died | Melbourne, Australia | 22 January 2023 (age 92)
Nationality | Australian citizenship |
Alma mater | University of Melbourne |
Occupation(s) | Billionaire businessman; investor; horse breeder |
Board member of | Portland House Group |
Spouse | Helen Hains |
Children | 5 |
David Hains ( c. 1931 – 22 January 2023) was an Australian businessman, engineer, and horse breeder. [1] [2] He was the founder and once CEO of Portland House Group, Australia’s largest private investments management firm and hedge fund. According to Forbes, Hains had at the time of his death a personal net-worth of around $2 billion, making him one of Australia’s richest person. [3]
Hains graduated from the University of Melbourne. [2] He started his career as an engineer and in corporate restructuring. [1] [4] In the 1960s, he took a seven-year hiatus from his career to play golf. [5]
Through his Portland House Group, Australia's biggest hedge fund that he managed with his children, Hains invested in equities, fixed interest, property and managed funds globally. [2] [1] [4] In 1993, he sold an investment to Wheeling-Pittsburgh Steel for US$107 million. [1]
Hains bred horses at his Kingston Park Stud in Merricks North, Victoria. [2] [1] [6] His horses include Kingston Town, Lowan Star and Rose of Kingston. [1]
Hains was married to Helen Hains and had five children. [7] His son Richard Hains is a hedge fund manager and author of the novel Chameleon. [8] Helen Hains died on 24 August 2017. [7]
Hains died on 22 January 2023, at the age of 92. [9]
In May 2019, The Australian Financial Review estimated Hains' net worth as A$2.90 billion as published in the Financial Review Rich List; [10] and in January 2019 his net worth was estimated by Forbes Asia as US$1.90 billion as published in the list of Australia's 50 richest people. [11] [12] [13] As of May 2021 [update], Hains was one of ten Australians who had appeared in every Financial Review Rich List, or its predecessor, the BRW Rich 200, since it was first published in 1984, [14] [15] until his death in 2023. In 2023, the Financial Review, assessed the net worth of Hains' descendants, Stephen, Richard and Michael Hains and family, at A$2.88 billion. [16]
Year |
Financial Review Rich List |
Forbes Australia's 50 richest | ||
---|---|---|---|---|
Rank |
Net worth A$ |
Rank | Net worth US$ | |
2011 [17] [18] [19] | 7 ![]() |
2.30
billion ![]() |
9 ![]() |
2.00 billion ![]() |
2012 [20] [21] | 12 ![]() |
2.20 billion ![]() |
11 ![]() |
2.00 billion ![]() |
2013 [22] | 15 ![]() |
2.32 billion ![]() |
11 ![]() |
2.30 billion ![]() |
2014 [23] | 12 ![]() |
2.39 billion ![]() |
12 ![]() |
2.10 billion ![]() |
2015 [24] | 12 ![]() |
2.46 billion ![]() |
11 ![]() |
2.10 billion ![]() |
2016 [25] [1] | 14 ![]() |
2.48 billion ![]() |
10 ![]() |
1.90 billion ![]() |
2017 [26] | 16 ![]() |
2.55 billion ![]() |
19 ![]() |
|
2018 [27] | 21 ![]() |
2.69 billion ![]() |
19 ![]() |
|
2019 [10] [11] | 23 ![]() |
2.90 billion ![]() |
19 ![]() |
1.90 billion |
2020 [28] | 28 ![]() |
2.93 billion ![]() |
||
2021 [14] | 31 ![]() |
2.89 billion ![]() |
||
2022 | 36 ![]() |
2.90 billion ![]() |
||
2023 [note 1] [16] | 38 ![]() |
2.88 billion ![]() |
Legend | |
---|---|
Icon | Description |
![]() |
Has not changed from the previous year |
![]() |
Has increased from the previous year |
![]() |
Has decreased from the previous year |
David Hains australia.