David Hains

About David Hains

Birth Year: 1931
Birth Place: Melbourne, Australia, Australia
Residence: Melbourne, Victoria
Alma mater: University of Melbourne
Occupation: Businessman; investor; horse breeder
Board member of: Portland House Group
Children: 5; (Richard, Stephen, Michael, Cathy, Paul)

David Hains Net Worth

David Hains was bornon 1931 in Melbourne, Australia, Australia. Three of David Hains' sons now run his hedge fund, Portland House Group. Richard oversees managed funds and investment in New York and London; Stephen looks after bond holdings; and Michael is in charge of equities. His daughter, Cathy, breeds racehorses, and his other son, Paul, founded online magazine Aeon in London. A former engineer, Hains stopped working for seven years in the late 1960s to improve his golf game with legendary Australian coach Norman Von Nida. He later became known for restructuring companies such as U.S. steelmaker Wheeling-Pittsburgh. He bred the 1990 Melbourne Cup winner Kingston Rule.
David Hains is a member of Finance and Investments

💰 Net worth: $1.95 Billion (Updated at 22 June 2018)

2011 $2 Billion
2012 $2 Billion
2013 $2.3 Billion
2014 $2.1 Billion
2015 $2 Billion
2016 $1.9 Billion
2017 $2 Billion
2018 $2.05 Billion

Some David Hains images

Biography/Timeline

1993

Hains graduated from the University of Melbourne. He started his career as an Engineer and corporate restructurer. Through his Portland House Group, he invests in equities, fixed interest, property and managed funds globally. It is Australia's biggest hedge fund. He runs it with his children. In 1993, he sold an investment to Wheeling-Pittsburgh Steel for US$107 million.

2016

According to the BRW Rich 200, Hains' net worth was estimated as US$2.48 billion in May 2016; and by Forbes Asia his net worth was estimated as US$1.90 billion in January 2016.