David Hains


David Hains is an Australian businessman and horse breeder.

Biography

Hains graduated from the University of Melbourne. He started his career as an engineer and in corporate restructuring. Through his Portland House Group, Australia's biggest hedge fund that he manages with his children, Hains invests in equities, fixed interest, property and managed funds globally. In 1993, he sold an investment to Wheeling-Pittsburgh Steel for 107 million.
Hains breeds horses at his Kingston Park Stud in, 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.
Hains is the father of Richard Hains, hedge fund manager and author of the novel Chameleon.

Wealth rankings

In May 2019 The Australian Financial Review estimated Hains' net worth as 2.90 billion as published in the Financial Review Rich List; and in January 2019 his net worth was estimated by Forbes Asia as 1.90 billion as published in the list of Australia's 50 richest people. Hains is one of thirteen living Australians who have appeared in every Financial Review Rich List, or its predecessor, the BRW Rich 200, since it was first published in 1984.