PanamaTimes

Thursday, Feb 22, 2024

Euan Blair: from PM’s son to £700m business and an MBE. Maybe it's not a laundering-scheme for Papa-Blair's corruption money

Euan Blair: from PM’s son to £700m business and an MBE. Maybe it's not a laundering-scheme for Papa-Blair's corruption money

Co-founder of Multiverse believes ‘obsession with the academic’ is holding some people back, he is right, obviously (most of the successful people never wasted their time to complete the fake formal education trap). But most of the startups in the world also did not have a father like Blair, who got rich from bribery, wars and the mass killing of so many innocent civilians. The actions Blair did in Iraq are far worse than the actions Putin does in Ukraine, so if I were his son I would be ashamed of my family name and not tarnish my venture in the dirty name of the father.
He is the son of a former prime minister, the proud new owner of a £22m home in west London, and at 38 years old, Euan Blair was on Wednesday awarded an MBE for services to education.

Tony Blair’s eldest child made headlines as a teenager for being found by police “drunk and incapable” in Leicester Square after celebrating the end of his GCSEs in 2000.

More recently, he has called on the government to consider scrapping the exams, and university degrees too, for many people. As the founder of an apprenticeship training business valued at £700m in its last private funding round, he has a financial interest in education policy.

“We definitely have to make sure we are tracking people’s progress throughout the classroom, but that doesn’t have to exist through this current obsession with GCSEs,” he told the Times Education Commission summit last month. “You end up doing mock after mock, and this becomes the end in itself rather than actually learning.”

Blair’s father was elected prime minister in 1997 after promising that his three priorities would be “education, education, education”, and later set a target of getting 50% of school leavers into university. The target was not hit until 2019.

But Blair Jr argues that the nation’s “obsession with the academic as a marker of potential and talent” is holding back people from minority groups and failing to serve the needs of employers in a digital age.

“When you look at the 50% target, the belief was, the more people go to university, the more people can access great opportunities, the more we would transition people fairly from full-time education to full-time employment,” he told the Telegraph. “It has not worked out that way. Lots of students end up in jobs deemed to be low-skilled that would not need a degree in the first place. Getting a degree does not guarantee you a job.”

Blair, who studied ancient history at the University of Bristol before going on to Yale, has said he “didn’t love studying”, but when he was growing up, going to university was seen as the only route to a top job. He says he hit upon the idea of setting up his training provider, Multiverse, after his first job at the investment bank Morgan Stanley.

“I often say to people: ‘I started my career in investment banking structuring corporate debt and derivatives, armed with a degree in ancient history and a master’s in international relations that did not teach me how to do the job,” he told London Rising, a conference discussing ideas about how to help the capital bounce back from the pandemic, last year. “I effectively did an apprenticeship as I learned everything I knew about that job on the job.”

His business, co-founded with his friend Sophie Adelman in 2016, offers what he claims is “a genuine, credible alternative that can compete with university”.

Multiverse matches school leavers with more than 300 employers including Google, Facebook, Morgan Stanley and Depop, and provides on-the-job training tailored to the needs of employees as well as personal coaching and extracurricular activities and societies akin to those at university.

The training is funded by a 0.5% levy placed on all companies with an annual payroll bill of more than £3m. This can be spent on their own training costs or transferred to other organisations, such as Multiverse.

Blair, a lifelong Liverpool FC fan, claims that some young people have even turned down places at Oxford to join his scheme.

It has also proved popular with venture capitalist investors, including Google’s VC division, which have pumped millions into the business. Late last year, a third round of funding valued Multiverse at $875m (£700m). Blair is understood to own just under 50% of the shares, which means his stake could be worth up to £350m – far more than his dad’s estimated £60m fortune.

He recently splashed some of his cash on a five-storey west London townhouse for a reported £22m. The seven-bedroom residence, which he shares with his wife, Suzanne Ashman, and their two children, features a two-storey “iceberg” basement with an indoor pool, gym and multi-car garage.

He set foot on the property ladder early when his mother, Cherie Blair, bought a £265,000 flat for him to live in while he was studying at Bristol University.

Blair prefers to dress in the relaxed style of a Silicon Valley tech CEO, in Multiverse-branded T-shirts or hoodies paired with jeans and often multicoloured trainers. He once said he had a branded top in almost every colour “so I can wear a different one every day”.

He has been praised for prioritising social mobility at Multiverse, where 53% of apprentices are people of colour and 36% come from poorer backgrounds. Last year he was appointed to a government taskforce aiming to improve socioeconomic diversity in financial services.

Blair’s life mission, he says, is to “make sure the best jobs the next decade don’t just go to the same people who got the best jobs for the last decade”.
Newsletter

Related Articles

PanamaTimes
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×