Graham King, the so-called "Migrant Hotel King" of Britain, is earning a staggering £4.8 million per day from housing asylum seekers and is on track to become the first billionaire of the UK's

immigration industry. King, a 57-year-old former caravan park and disco entrepreneur, has an estimated net worth of £750 million. His Essex-based company, Clearsprings Ready Homes, received £1.74 billion last year, with King attributing the earnings to the sharp rise in the number of refugees needing accommodation.

The business has seen a tremendous increase in income, gaining £400 million in just one year, thanks to lucrative government contracts. These agreements with the Home Office, set to last until September 2029, have cemented King’s financial success. Clearsprings Ready Homes manages accommodation for migrants, including hotels, unused military barracks, and apartments.

Clearsprings has come under fire for the poor conditions at some of its sites. In 2021, two facilities were described as "decrepit" and "run-down." Complaints continued into 2023 when 70 people, including children, protested outside two Clearsprings-managed hotels in London, alleging cramped living conditions and insufficient beds. Inspectors also criticized facilities like Penally Camp in Wales, labeling them "decrepit" and filthy, and highlighted issues such as "fundamental failures of leadership and planning."

Despite these controversies, King has amassed substantial wealth, funding a lavish lifestyle that includes globe-trotting vacations, Alpine ski trips, and a £44,000-a-year boarding school education for his children. His daughter Catalina, an aspiring artist, sells prints that feature slogans like "Will trade racists for refugees."

King's journey began in Canvey Island, Essex, where his father, Jack King, a shed salesman turned entrepreneur, established a successful mobile home business in the 1960s. Graham King eventually expanded the family's business empire, branching into property and winning major government contracts to house asylum seekers. His family has since moved away from Canvey Island, though their financial legacy remains strong.

In 2024, King ranked 173rd on the Sunday Times Rich List, but he has ambitions to climb even higher. His financial trajectory continues upward, as his business profits soar, driven by increasing government spending on temporary accommodation for migrants. However, with the government’s intention to cut back on these expenditures, the future impact on King’s empire remains to be seen. Photo by Steve Daniels, Wikimedia commons.