David Hains
Finance and Investments

David Hains Net Worth

7 months from now

David Hains, born in 1931 in Melbourne, Australia, is the patriarch of a successful family. His three sons, Richard, Stephen, and Michael, run his hedge fund, Portland House Group, with Richard overseeing managed funds and investment in New York and London, Stephen looking after bond holdings, and Michael 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 and breeding the 1990 Melbourne Cup winner Kingston Rule.
David Hains is a member of Finance and Investments

Age, Biography and Wiki

Birth Year 1931
Birth Place Melbourne, Australia, Australia
Age 92 YEARS OLD
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)

💰 Net worth: $2.2 Billion (2024)

David Hains, a prominent figure in the finance and investments industry in Australia, is projected to have a net worth of approximately $2.2 billion by 2024. With his vast knowledge and expertise in finance and investments, Hains has made a significant impact on the Australian business landscape. As a successful investor, he has accumulated substantial wealth over the years, cementing his position as one of the wealthiest individuals in the country. His remarkable achievements and influential role in the finance sector have solidified his reputation as a trusted and successful figure in the Australian business community.

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

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.

Some David Hains images

Tags Living people Businesspeople from Melbourne University of Melbourne alumni Australian businesspeople Australian racehorse owners and breeders Australian billionaires Australian business biography stubs

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.