David Hains

$2.10 B

Ranked #1445 in World

About David Hains

David Hains, the Australian billionaire businessman, engineer, and acclaimed horse breeder, who founded Portland House Group, one of Australia's leading private investment and hedge fund firms, has passed away at 92. Hains, holding an impressive net worth of $2.89 billion, ranked as the 18th wealthiest Australian by Forbes. His global investments spanned equities, fixed interest, properties, and managed funds, accentuating his contributions to the finance sector. Hains, also notable for his break in the 60s for golf and his success in horse breeding, leaves behind a rich legacy that includes his role in corporate restructuring and significant sales, such as the $107 million deal with Wheeling-Pittsburgh Steel. Survived by his children, including hedge fund manager and author son Richard Hains, David Hains' influence and financial acumen remain highly regarded post his death on January 22, 2023.

Born

August 19, 1930 in Australia

Died

January 22, 2023 (aged 92)

Source Of Wealth

Investments

Industries

Finance & Investments

Citizenship

Australia

Education

Bachelor of Science in Engineering, University of Melbourne

Spouse

Helen Hains

Children

David Hains was born in 1931 in Australia. He graduated from the University of Melbourne and began his career as an engineer and in corporate restructuring.

David Hains: Family

David Hains was married to Helen Hains, and they had five children together. His son, Richard Hains, is a hedge fund manager and author. Helen Hains passed away on August 24, 2017, and David Hains passed away on January 22, 2023, at the age of 92.

David Hains: Career Highlights

David Hains founded Portland House Group, Australia's largest private investments management firm and hedge fund. He took a seven-year hiatus in the 1960s to play golf, but returned to business and invested in equities, fixed interest, property, and managed funds globally through Portland House Group. In 1993, he sold an investment to Wheeling-Pittsburgh Steel for $107 million.

David Hains: Companies

David Hains was the founder and former CEO of Portland House Group.

David Hains: Major Achievements

David Hains was a successful businessman and investor who built Portland House Group into Australia's largest private investments management firm and hedge fund. He was also a successful horse breeder and bred notable horses like Kingston Town, Lowan Star, and Rose of Kingston at his Kingston Park Stud in Merricks North, Victoria.

David Hains: Awards & Achievements

David Hains was recognized for his business achievements and was included in every Financial Review Rich List or its predecessor since 1984 until his death in 2023. He was also recognized by Forbes Asia as one of Australia's 50 richest people.

David Hains: Personal Life & Legacy

David Hains was a private individual who was known for his love of golf and horse breeding. He was also a philanthropist and supported various charities and organizations. His legacy as a successful businessman and investor continues to inspire others.

David Hains: Trivia

David Hains' son, Richard Hains, is a hedge fund manager and author who has written several books on investing and finance.

David Hains' wife, Helen Hains, passed away in 2017, and he passed away in 2023 at the age of 92.

Wealth History

Timeline

1931

David Hains is born.

1960s

David Hains takes a seven-year hiatus from his career to play golf.

1984

David Hains appears in the Financial Review Rich List for the first time.

1993

David Hains sells an investment to Wheeling-Pittsburgh Steel for $107 million.

August 24, 2017

David Hains' wife, Helen Hains, passes away.

January 22, 2023

David Hains passes away at the age of 92.

David Hains : FAQs

What is David Hains's net worth?

As of 2022, David Hains's net worth was $2.10 billion.

What are David Hains's main sources of wealth?

David Hains's main source of income comes from Investments.

In which industry does David Hains primarily operate?

David Hains is primarily involved in the Finance & Investments industry.

What is David Hains educational background?

David Hains holds a Bachelor of Science in Engineering from the University of Melbourne.

Is David Hains dead?

Yes, David Hains died on January 22, 2023 (aged 92).

How many children does David Hains have?

David Hains has 5 children.

Who was David Hains and what was he known for?

David Hains was an Australian billionaire businessman, engineer, and horse breeder, known for founding the Portland House Group, Australia's largest private investments management firm and hedge fund.

Can you tell me about David Hains' early life and career beginnings?

David Hains graduated from the University of Melbourne, started his career as an engineer and in corporate restructuring, and took a notable seven-year hiatus in the 1960s to play golf before founding the Portland House Group.

What were some of David Hains' personal life details and when did he pass away?

David Hains was married to Helen Hains, had five children, and passed away on January 22, 2023, at the age of 92. Helen Hains, his wife, passed away on August 24, 2017.

How did David Hains' wealth and investments change over the years?

David Hains' net worth was assessed at numerous points, with a peak listed at A$2.90 billion in 2019 by the Australian Financial Review Rich List, and was known for his diverse investments globally through the Portland House Group.