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David Hains

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Not to be confused with David Haines.

David Hains
Bornc. 1931
Australia
Died(2023-01-22)22 January 2023 (age 92)
Melbourne, Australia
NationalityAustralian citizenship
Alma materUniversity of Melbourne
Occupation(s)Billionaire businessman; investor; horse breeder
Board member ofPortland House Group
SpouseHelen Hains
Children5

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]

Biography

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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]

Personal life and death

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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]

Wealth rankings

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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, 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 Decrease 2.30 billion Increase 9 Increase 2.00 billion Increase
2012[20][21] 12 Decrease 2.20 billion Decrease 11 Decrease 2.00 billion Steady
2013[22] 15 Decrease 2.32 billion Increase 11 Steady 2.30 billion Increase
2014[23] 12 Increase 2.39 billion Increase 12 Decrease 2.10 billion Decrease
2015[24] 12 Steady 2.46 billion Increase 11 Increase 2.10 billion Steady
2016[25][1] 14 Decrease 2.48 billion Increase 10 Increase 1.90 billion Decrease
2017[26] 16 Decrease 2.55 billion Increase 19 Decrease
2018[27] 21 Decrease 2.69 billion Increase 19 Steady
2019[10][11] 23 Decrease 2.90 billion Increase 19 Steady 1.90 billion
2020[28] 28 Decrease 2.93 billion Increase
2021[14] 31 Decrease 2.89 billion Decrease
2022 36 Decrease 2.90 billion Increase
2023[note 1][16] 38 Decrease 2.88 billion Decrease
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

Notes

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  • ^[note 1] : Since 2023, the Australian Financial Review assessed the net worth of Hains' descendants, Stephen, Richard and Michael Hains and family.

References

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  1. ^ a b c d e f g "Australia's 50 Richest People". Forbes Asia. 2016. Retrieved 8 June 2016.
  2. ^ a b c d "Australia's 40 Richest: David Hains". Forbes Asia. 2012.
  3. ^ 2024 Australia's 50 Richest Net Worth. Forbes. 2024.
  4. ^ a b Rosenberg, Hilary (2000). The Vulture Investors. John Wiley & Sons. p. 103. ISBN 9780471361893. David Hains australia.
  5. ^ "David Hains". Forbes. Retrieved 23 January 2023.
  6. ^ "Kingston Park Studs". Archived from the original on 20 March 2012. Retrieved 22 January 2013.
  7. ^ a b "Kingston Town's billionaire owner dies, aged 92". Racenet. 22 January 2023. Retrieved 22 January 2023.
  8. ^ "Richard Hains a thriller unmasked". Herald Sun. 1 June 2007. Retrieved 14 April 2019.
  9. ^ Bailey, Michael; Thomson, James (23 January 2023). "James Packer, Lloyd Williams lead tributes to David Hains". Australian Financial Review. Retrieved 23 January 2023.
  10. ^ a b Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  11. ^ a b "#19 David Hains". Australia's 50 Richest 2019. Forbes. January 2019. Retrieved 10 October 2019.
  12. ^ "Forbes Billionaires". The Australian.
  13. ^ D'Angelo Fisher, Leo (25 May 2011). "Gift of Gifting a Hard Sell". BRW.
  14. ^ a b Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
  15. ^ Thomson, James (22 May 2013). "Celebrating 30 years of the Rich 200". BRW Rich 200. Archived from the original on 27 July 2014. Retrieved 22 May 2013.
  16. ^ a b Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
  17. ^ "The list - BRW Rich 200 2011". Financial Review. Australia. May 2011. Retrieved 8 June 2016.
  18. ^ "#9 David Hains". Forbes Asia. 2011. Retrieved 8 June 2016.
  19. ^ "Australia's 40 Richest". Forbes Asia. 3 March 2010. Retrieved 8 June 2016.
  20. ^ "The list - BRW Rich 200 2012". Financial Review. Australia. 24 May 2012. Retrieved 8 June 2016.
  21. ^ "#11 David Hains". 2012 Australia's 40 Richest. Forbes Asia. 1 February 2012. Retrieved 8 June 2016.
  22. ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2013". Financial Review. Australia. Retrieved 7 June 2016.
  23. ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2014". Financial Review. Australia. Retrieved 7 June 2016.
  24. ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2015". Financial Review. Australia. Retrieved 7 June 2016.
  25. ^ Stensholt, John, ed. (27 May 2016). "BRW Rich 200 List 2016". Financial Review. Australia. Retrieved 7 June 2016.
  26. ^ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Financial Review. Retrieved 8 June 2017.
  27. ^ Stensholt, John (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Fairfax Media. Retrieved 26 May 2018.
  28. ^ Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
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