A property tycoon who boasts about owning more than 300 homes worth a combined $250million is accused of owing thousands in unpaid superannuation.
Blink Property founder Nathan Birch has come under fire from disgruntled ex-staff who have spoken out about the entitlements they’re allegedly owed.
The entrepreneur multi-millionaire, who has a net worth of more than $100million, also owns Binvested, which assists Aussies in buying investment properties.
Former Blink Property employee Janine, who is aged in her late 60s, claimed that she has spent months trying to get $14,000 in unpaid super as she battles breast cancer.
‘I would hate to die and let them off the hook,’ she wrote in an email to 2GB breakfast host Ben Fordham.
Janine claimed the fight for her super entitlements began when she first started with the company.
‘It was stressful at the time (during the cancer battle), and fighting for my super didn’t help the matter at all, she told Fordham on his program on Tuesday.
‘I don’t think it’s right. I don’t think it’s fair.
Blink Property founder Nathan Birch (pictured) has come under fire from disgruntled ex-staff who claim they are owed thousands in unpaid super
The property tycoon owns more than 300 homes worth a combined $250million
‘Nine times out of 10, they just ignore my emails.’
Janine said it was laughable that Mr Birch offers help to Aussies with their super on his podcasts.
‘He would have meetings and he would say ‘Invest your super,’ she claimed.
‘I used to sit there thinking ‘You’re just a joke!’
Janine claimed that many other former colleagues are in the same boat, including Phillipa, who also spoke out.
‘I worked there over an 18-month period and became aware I wasn’t being paid my super within the first six months of working there,’ she recalled.
Phillipa publicly urged Mr Birch to pay back the entitlements owed to former staff.
‘Have a bit of integrity,’ she said.
‘There’s single mums, there’s one who’s gone through a brain tumour, there’s women at the retirement age where they can access their super but are owed a lot of money.’
Nathan Birch described the allegations from former staff as false
Mr Birch branded the allegations as false and told Fordham off-air that Blink Property doesn’t owe any money to any former staff, adding that outstanding payments have been forwarded to the Australian Taxation Office to be transferred into their super funds.
Daily Mail contacted Blink Property and Mr Birch for further comment.
Mr Birch, 40, grew up in a single-income household in western Sydney and made his first investment at 18 with his savings from a part-time job while still at school.
He became one of Australia’s most prolific real estate investors by snapping up rundown homes in low socioeconomic suburbs and had more than 300 properties in his portfolio by the age of 35.
Mr Birch stunned Aussies earlier this year when he revealed that he was disappointed with his portfolio after previously boasting that inflation would help him become a billionaire by his 40th birthday.
‘I wanted to be a billionaire when I hit 40,’ Mr Birch recalled.
‘That’s not going to happen, but I will get to a billion at some point.
‘My goal is to have 10,000 properties one day. It’s for grandkids. I hope that when I die, my life will be like a corporate entity.’
Mr Birch had hoped to become a billionaire by his 40th birthday
Mr Birch acknowledged his comments wouldn’t go down well with many Aussies struggling though a cost-of-living crisis and nationwide housing shortage.
‘There will be a whole bunch of people who won’t like it. Some people will say “how dare he”,’ he said.
‘I’ve just come to accept that not everyone agrees with it. Even my mum, when I got to 200 properties, she said “don’t be stupid, don’t buy more”.
‘The thing is, my actions are based on numbers. This is what keeps me focused.’
