Introduction
David Hains (born circa 1931) is an Australian businessman and horse breeder.
Biography
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.
He breeds horses at his Kingston Park Stud in Merricks North, Victoria. His horses include Kingston Town, Lowan Star and Rose of Kingston.
Personal life
Hains is married and has five children. He once took a nine-year hiatus from his career to play golf.
Wealth rankings
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$1.90 billion in January 2016.
| Year | BRW Rich 200 | Forbes Australia's 50 Richest | ||
|---|---|---|---|---|
| Rank | Net worth (A$) | Rank | Net worth (US$) | |
| 2011 | 7000700000000000000♠7  |
$2.30 billion  |
7000900000000000000♠9 |
$2.00 billion |
| 2012 | 7001120000000000000♠12  |
$2.20 billion |
7001110000000000000♠11 |
$2.00 billion |
| 2013 | 7001150000000000000♠15 |
$2.32 billion |
||
| 2014 | 7001120000000000000♠12 |
$2.39 billion |
||
| 2015 | 7001120000000000000♠12 |
$2.46 billion |
||
| 2016 | 7001140000000000000♠14 |
$2.48 billion |
7001100000000000000♠10 | $1.90 billion |
| Legend | |
|---|---|
| Icon | Description |
|
Has not changed from the previous year |
|
Has increased from the previous year |
|
Has decreased from the previous year |