TIMES.KY

Cayman Islands, Caribbeanand International News
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

TIMES.KY
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×