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]
David Hains | |
|---|---|
| Born | c. 1931 Australia |
| Died | 22 January 2023 (age 92) Melbourne, Australia |
| 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 |
Biography
editHains 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
editHains 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
editIn 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 |
Notes
edit- ^[note 1] : Since 2023, the Australian Financial Review assessed the net worth of Hains' descendants, Stephen, Richard and Michael Hains and family.
References
edit- ^ a b c d e f g "Australia's 50 Richest People". Forbes Asia. 2016. Retrieved 8 June 2016.
- ^ a b c d "Australia's 40 Richest: David Hains". Forbes Asia. 2012.
- ^ 2024 Australia's 50 Richest Net Worth. Forbes. 2024.
- ^ a b Rosenberg, Hilary (2000). The Vulture Investors. John Wiley & Sons. p. 103. ISBN 9780471361893.
David Hains australia.
- ^ "David Hains". Forbes. Retrieved 23 January 2023.
- ^ "Kingston Park Studs". Archived from the original on 20 March 2012. Retrieved 22 January 2013.
- ^ a b "Kingston Town's billionaire owner dies, aged 92". Racenet. 22 January 2023. Retrieved 22 January 2023.
- ^ "Richard Hains a thriller unmasked". Herald Sun. 1 June 2007. Retrieved 14 April 2019.
- ^ Bailey, Michael; Thomson, James (23 January 2023). "James Packer, Lloyd Williams lead tributes to David Hains". Australian Financial Review. Retrieved 23 January 2023.
- ^ a b Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
- ^ a b "#19 David Hains". Australia's 50 Richest 2019. Forbes. January 2019. Retrieved 10 October 2019.
- ^ "Forbes Billionaires". The Australian.
- ^ D'Angelo Fisher, Leo (25 May 2011). "Gift of Gifting a Hard Sell". BRW.
- ^ a b Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
- ^ 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.
- ^ a b Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
- ^ "The list - BRW Rich 200 2011". Financial Review. Australia. May 2011. Retrieved 8 June 2016.
- ^ "#9 David Hains". Forbes Asia. 2011. Retrieved 8 June 2016.
- ^ "Australia's 40 Richest". Forbes Asia. 3 March 2010. Retrieved 8 June 2016.
- ^ "The list - BRW Rich 200 2012". Financial Review. Australia. 24 May 2012. Retrieved 8 June 2016.
- ^ "#11 David Hains". 2012 Australia's 40 Richest. Forbes Asia. 1 February 2012. Retrieved 8 June 2016.
- ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2013". Financial Review. Australia. Retrieved 7 June 2016.
- ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2014". Financial Review. Australia. Retrieved 7 June 2016.
- ^ Stensholt, John, ed. (May 2015). "BRW Rich 200 List 2015". Financial Review. Australia. Retrieved 7 June 2016.
- ^ Stensholt, John, ed. (27 May 2016). "BRW Rich 200 List 2016". Financial Review. Australia. Retrieved 7 June 2016.
- ^ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Financial Review. Retrieved 8 June 2017.
- ^ 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.
- ^ 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.