David Hains

Hains graduated from the University of Melbourne.[4] He started his career as an engineer and in corporate restructuring.[3][5] 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.[4][3][5] In 1993, he sold an investment to Wheeling-Pittsburgh Steel for US$107 million.[3]

Hains breeds horses at his Kingston Park Stud in Merricks North, Victoria.[4][3][6] His horses include Kingston Town, Lowan Star and Rose of Kingston.[3]

Hains is married and has five children.[3] He once took a nine-year hiatus from his career to play golf.[3]

Hains is the father of Richard Hains, hedge fund manager and author of the novel Chameleon.[7]

Wealth rankings

In May 2019 The Australian Financial Review estimated Hains' net worth as A$2.90 billion as published in the Financial Review Rich List;[8] and in January 2019 his net worth was estimated by Forbes Asia as US$1.90 billion as published in the list of Australia's 50 richest people.[2][9][10] 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.[11]

Year	Financial Review Rich List		Forbes Australia's 50 richest
	Rank	Net worth A$ bn	Rank	Net worth US$ bn
2011[12][13][14]	7	2.30	9	2.00
2012[15][16]	12	2.20	11	2.00
2013[17]	15	2.32	11	2.30
2014[18]	12	2.39	12	2.10
2015[19]	12	2.46	11	2.10
2016[20][3]	14	2.48	10	1.90
2017[21]	16	2.55	19
2018[22]	21	2.69	19
2019[8][2]	23	2.90	19	1.90
2020[1]	28	2.93

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