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'''David Hains''' ({{circa|1931}} – 22 January 2023) was an Australian billionaire businessman, engineer and horse breeder.<ref name="forbes2016">{{cite web |url=https://www.forbes.com/australia-billionaires/list/#tab:overall |title=Australia's 50 Richest People |work=[[Forbes Asia]] |date=2016 |access-date=8 June 2016}}</ref><ref name="forbes40-2012">{{cite web |url=https://www.forbes.com/lists/2012/78/australia-billionaires-12_David-Hains_R53H.html |work=[[Forbes Asia]] |title=Australia's 40 Richest: David Hains |date=2012 }}</ref> 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 a personal net-worth of an estimated $2.89 billion making him Australia’s 18th richest person. |
'''David Hains''' ({{circa|1931}} – 22 January 2023) was an Australian billionaire businessman, engineer, and horse breeder.<ref name="forbes2016">{{cite web |url=https://www.forbes.com/australia-billionaires/list/#tab:overall |title=Australia's 50 Richest People |work=[[Forbes Asia]] |date=2016 |access-date=8 June 2016}}</ref><ref name="forbes40-2012">{{cite web |url=https://www.forbes.com/lists/2012/78/australia-billionaires-12_David-Hains_R53H.html |work=[[Forbes Asia]] |title=Australia's 40 Richest: David Hains |date=2012 }}</ref> 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 a personal net-worth of an estimated $2.89 billion making him Australia’s 18th richest person. |
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==Biography== |
==Biography== |
Revision as of 13:10, 23 January 2023
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 billionaire 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 a personal net-worth of an estimated $2.89 billion making him Australia’s 18th richest person.
Biography
Hains graduated from the University of Melbourne.[2] He started his career as an engineer and in corporate restructuring.[1][3] In the 1960s, he took a seven-year hiatus from his career to play golf.[4]
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][3] 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][5] His horses include Kingston Town, Lowan Star and Rose of Kingston.[1]
Personal life
Hains was married to Helen Hains and had five children.[6] His son Richard Hains is a hedge fund manager and author of the novel Chameleon.[7] Helen Hains died on 24 August 2017.[6]
Hains died on 22 January 2023. He was 92.[8]
Wealth rankings
In May 2019, The Australian Financial Review estimated Hains' net worth as A$2.90 billion as published in the Financial Review Rich List;[9] and in January 2019 his net worth was estimated by Forbes Asia as US$1.90 billion as published in the list of Australia's 50 richest people.[10][11][12] As of May 2021[update], Hains was one of ten Australians who have appeared in every Financial Review Rich List, or its predecessor, the BRW Rich 200, since it was first published in 1984.[13][14]
Year | Financial Review Rich List |
Forbes Australia's 50 richest | ||
---|---|---|---|---|
Rank | Net worth A$ bn |
Rank | Net worth US$ bn | |
2011[15][16][17] | 7 | 2.30 | 9 | 2.00 |
2012[18][19] | 12 | 2.20 | 11 | 2.00 |
2013[20] | 15 | 2.32 | 11 | 2.30 |
2014[21] | 12 | 2.39 | 12 | 2.10 |
2015[22] | 12 | 2.46 | 11 | 2.10 |
2016[23][1] | 14 | 2.48 | 10 | 1.90 |
2017[24] | 16 | 2.55 | 19 | |
2018[25] | 21 | 2.69 | 19 | |
2019[9][10] | 23 | 2.90 | 19 | 1.90 |
2020[26] | 28 | 2.93 | ||
2021[13] | 31 | 2.89 |
Legend | |
---|---|
Icon | Description |
Has not changed from the previous year | |
Has increased from the previous year | |
Has decreased from the previous year |
References
- ^ 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.
- ^ 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.
- ^ "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.