Tony Blair’s son Euan is on his way to wealth of BILLIONS as Multiverse firm is valued at £1.35BN

Tony Blair‘s son Euan has had his tech firm Multiverse valued at £1.35 billion after securing £175 million in funding.

The 38-year-old’s personal stake in the ‘EdTech’ company, which aims to get young people into apprenticeships, is believed to be worth around £380million.

It comes 22 years after his unfortunate brush with the law, when he was arrested as a teenager for being drunk after a night out in London celebrating his GCSE results. 

The 16-year-old Euan Blair made a public apology in 2000, backed by his Prime Minister father, following the police reprimand.

The chief executive, who bought himself a £22million mansion last month, founded the business just six years ago and in the last eight months it has doubled its previous valuation of £700million.

The company works with more than 500 employers to get students from underrepresented backgrounds into professional services through apprenticeships.

Last week he was awarded an MBE for services to education in the Queen’s birthday honours list. 

Euan Blair’s education company Multiverse is now valued at £1.35billion, with his own stake thought to be worth around £380million 

in 2000, Euan Blair (pictured with his father Tony as a teenager in 1999) had to publicly apologise after he was arrested for being drunk and incapable in Leicester Square after celebrating his GCSE results

Aged 16, Euan was found by police ‘drunk and incapable’ and vomiting in Leicester Square after celebrating the completion of his GCSE exams a little too hard.

Having initially given a false name and address, telling officers he was called Euan John, was aged 18, and lived at his old home in Islington.

Only days earlier his father had been speaking out against hooligan behaviour, calling for police to be given powers to levy on-the-spot fines on drunken youths.

After seeing the inside of a cell, he was released without charge and driven home by special branch officers.

Then Alastair Campbell read out a prepared statement of apology from Euan to the public.

He said he was ‘very sorry for the inconvenience he caused to the police’.

As a young boy, Euan was occasionally photographed outside the steps of Downing Street with his mother, father and siblings Nicholas and Kathryn (all pictured). His youngest brother, Leo, was born in 2000

Speaking after the funding was announced, Euan Blair, chief executive and founder of Multiverse, said: ‘There has never been a more pressing time to create an alternative to university education that is equitable and inclusive and there is an incredible opportunity before us to change the status quo with apprenticeships.

‘This funding will help us bring more people without degrees or in need of re-skilling into tech careers and ultimately create a more diverse group of future leaders.’

Previously Euan has suggested GCSEs should be scrapped because he thinks they are not a good indicator of future work performance and can hinder social mobility.

His remarks and business set him apart from his father, who called for seven in 10 young people to go to university – saying an increase from the current 53 per cent was key to the UK competing with ‘high-innovation economies.

Euan said Tony had congratulated him on his new funding, speaking to the Evening Standard he said:  ‘Of course he has – he’s hugely supportive of apprenticeships.’