US EditionBritain’s asylum hotel ‘king’ becomes a billionaire
- Graham King, founder of Clearsprings Ready Homes, became a billionaire by 2025 through contracts housing asylum seekers across England and Wales.
- His wealth growth of 35% in the past year followed a rise in UK asylum claims, reaching a record 108,138 in 2023 amid increasing net migration.
- Clearsprings holds a government contract valued at approximately £7.3 billion to provide accommodation, food, and transport to asylum seekers until 2029.
- Critics cite poor housing conditions and protests at Clearsprings-run hotels, with inspectors calling some facilities 'run-down' and 'unfit to live in.'
- King’s fortune and the contract scale highlight tensions between rising asylum numbers, public spending, and concerns about housing quality and management.
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Britain’s asylum housing ‘king’ becomes a billionaire after fortune rises 35% - The Mirror
Clearsprings Ready Homes founder Graham King, dubbed the 'Asylum King' for his lucrative Government contracts, is now worth over £1 billion - and is among the top 200 wealthiest people in Britain
·London, United Kingdom
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Britain’s asylum housing ‘king’ becomes a billionaire after fortune rises 35%
Clearsprings Ready Homes founder Graham King, dubbed the ‘Asylum King’ for his lucrative Government contracts, is now worth over £1 billion – and is among the top 200 wealthiest people in Britain A man whose company holds a lucrative contract housing asylum seekers has become a billionaire. Graham King, dubbed the “Asylum King”, has seen his personal fortune grow by 35% over the past year. The personal wealth of the Clearsprings Ready Homes foun…
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