How Tony’s Blair’s son Euan’s net worth grew after startup success, Trending News

There are reports that the former British Prime Minister Tony Blair’s His eldest son, Euan, 37, surpassed his father in terms of net worth after his edtech company valuation hit a new high.

Euan’s edtech learning startup Multiverse reportedly raised $ 130 million in the last round of funding.

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The education tech startup is said to be valued at $ 875 million and approaching $ 1 billion “unicorn” status.

The start-up is based on the unique model of ensuring that young school leavers and those who have not completed college can find apprenticeships at companies such as the NHS, Morgan Stanley and the giants of technology. Facebook and Google.

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Reports say Tony Blair’s son owns between 25 and 50 percent of Multiverse’s shares. Euan’s startup reportedly opened an office in New York City earlier this year. The company is said to have placed more than 5,000 apprentices and has embarked on a wave of hiring.

Former Prime Minister Blair had made several high profile pledges by speaking in public for thousands of dollars. However, Euan has now surpassed his father in total net worth after his edtech startup attracted new funders even as reports indicate Multiverse could debut in the London Stock Exchange.

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The company’s total funding is now $ 194 million and its valuations are skyrocketing. Multiverse would now target growth in the UK and US markets.

(With contributions from the Agencies)

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