Britain's billionaire 'migrant hotel king' sees firm rake in £3.26m PER DAY putting up asylum seekers

Résumé détaillé

Graham King's company Clearsprings Ready Homes is one of three providers tasked by the Government to house the wave of migrants arriving in the UK during the small boats crisis.

Published: 12:20 GMT, 11 November 2026 | Updated: 12:41 GMT, 11 November 2026

A British billionaire dubbed the 'migrant hotel king' sees his firm rake in £3.26million of taxpayer money every day putting up asylum seekers.

Graham King's company Clearsprings Ready Homes is one of three providers tasked by the Government to house the wave of migrants arriving in the UK during the small boats crisis.

The lucrative contract brought the Essex-born businessman considerable wealth and last year made him Britain's first asylum hotel billionaire.

King, a former caravan park and disco owner, is not afraid to flaunt his riches either, splashing out on a luxury London pad and a home in Monaco.

A push to move asylum seekers out of hotels and into more basic military barracks has threatened this status, causing the number of 'service users' in Clearsprings accommodation to plummet from 39,919 in 2025 to 29,995 this year.

But the firm's profits are still holding strong at £37.7million in 2026 - a small drop from £44.145million last year, suggesting there's still money to be made from migrant arrivals.

Much of this is coming at the taxpayer's expense with thousands of asylum seekers each year requiring Government-funded accommodation.

Hundreds of migrants have crossed the English Channel in just the last few days – taking the total to 23,129 people making the journey so far in 2026.

Début de l'article, extrait de Daily Mail. Pour lire la suite, ouvrez l'article chez le média.