Euan Blair, the eldest son of former Prime Minister Tony Blair, has seen his education technology start-up Multiverse valued at £147 million ($200 million) after securing £32 million in new investment. The 37-year-old entrepreneur holds a 47% stake in the company, potentially worth around £68 million, surpassing his father's estimated £60 million fortune.
Multiverse, originally launched as WhiteHat in 2016, offers apprenticeships as an alternative to university, with clients including Facebook, Morgan Stanley, and Microsoft. However, the company has faced scrutiny over its apprentice pay rates, with critics arguing that some positions offer wages below the living wage.
Euan Blair, who previously worked as an investment banker at Morgan Stanley, lives in a £4.6 million townhouse in central London. His parents, Tony and Cherie Blair, have a combined property portfolio worth £37 million and have helped all their children onto the property ladder.
The company's valuation comes amid broader debates about the value of apprenticeships and fair compensation for young workers. Multiverse has defended its model, stating that it provides valuable career opportunities and that pay rates vary by role and location.
