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Home / New Zealand

Destiny's empire worth $20m

Herald on Sunday
13 Dec, 2014 04:00 PM3 mins to read

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Money on the stage at Destiny.

Money on the stage at Destiny.

Cash, property and investments mean church’s coffers are in a healthy state.

Destiny Church has amassed a $20 million empire in cash, property investments and other assets as a result of its tax exempt status, accounts show.

Financial records filed with the Charities Service show Destiny's 15 affiliated charities hold $6.26m in property and land assets, covering churches in New Plymouth, Rotorua and Hamilton.

The church also holds more than $1m in cash and bank balances. The $9.2m worth of investments are held in "charitable entities with similar charitable objectives", according to Destiny's financial controller, Jenny Marshall.

The remainder is held in fixed assets and inventory.

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It's a long way from the humble beginnings of the small commercial warehouse in Pakuranga where Destiny was launched in 1998 by self-appointed Bishop Brian Tamaki and his wife Hannah.

Hannah celebrated her 54th birthday on Friday and was not available to discuss the church's growing wealth.

But this week she tweeted: "It's sad, the media are so besotted with the money side of Destiny. I (dare) you. To hear the (great) stories of success. From the (people) we (have) helped."

Destiny Church was back in the spotlight after Brian called on followers to "shower the stage" in money at a service last month - raising $100,000 from churchgoers.

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Last week the Herald on Sunday revealed the church had received more than $6m in donations and $1m in Government grants last year.

The Tamakis have refused to reveal how much they are being paid in salaries by the church.

Hannah has previously said the amount is available to Destiny's "giving community".

However, former senior church members told the Herald on Sunday the salaries were secret. "No one would ask the questions, no one really wanted to delve into the financials or even raise questions. It wasn't the done thing," one source said.

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Destiny financial controller Marshall said Brian and Hannah's wages were paid from the Destiny Church Auckland Trust.

The trust has 11 fulltime staff and six part time workers, and pays a total of $842,530 in salaries.

"Due to confidentiality, as an employer the church does not publicly disclose how much we pay individually to staff. This is up to the employees individually if they would like to personally disclose," Marshall said.

Destiny Church Auckland Trust has four officers including Hannah. Another officer Tala Leiasamaivao would not say if he knew how much the Tamakis were paid.

"It is [a simple question] but I'd rather not discuss that," he said.

The Tamakis' five-bedroom home at Maraetai is still for sale for $1.7m. They have said they want to downsize.

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