Like his moneybags father, Euan Blair is already said to be a multi-millionaire on the back of his blue-chip apprentice business, but I can disclose that the company has still amassed losses of more than £18 million.
His business, Multiverse Group Ltd, lost £10.9 million this year on top of more than £5 million in 2020, according to newly released figures. Including previous years’ losses, the total reaches £18.8 million.
The firm is being kept in the black after a huge influx of investment, including a reported £95 million from American investors this year, as it scales up its operation.
The 37-year-old son of former prime minister Tony Blair is chief executive of Multiverse, which matches talented apprentices with top employers including Facebook, the NHS and Morgan Stanley.
It had revenues of £10 million, but operating and sales costs meant a loss for the year of £10.9 million.
Explaining the loss in the year to March, the company says: ‘The movement in net loss year-on-year reflects the ongoing investment in the business and our commitment to building support functions that will allow the organisation to scale.’
Euan Blair is already said to be a multi-millionaire on the back of his blue-chip apprentice business
Euan Blair and his wife Suzanne leave All Saints Church after getting married on September 14, 2013 in Wotton Underwood
Former Prime Minister Tony Blair with his family outside 10 Downing Street following a visit to the Queen
It adds: ‘We have made significant investments across all teams at Multiverse to set ourselves up for greater scale.’
The accounts signed off by Euan also say the company had ‘over-delivered’ and grown sales by 300 per cent, while employing 181 people earning a combined £14 million a year, including pension and social security costs.
Earlier this year, the company opened offices in New York and has provided apprentices to businesses including tech giant Google.
Euan is Blair’s eldest son and is now said to have a fortune worth £160 million — more than triple his father’s £44 million.
He founded the company in 2016 with Sophie Adelman, whom he met while working in investment bank Morgan Stanley’s graduate training scheme.
A spokesman for Multiverse Group could not be reached for comment.
Stop the exit Countdown — Rachel’s staying put!
Tensions on the set of previously soothing Channel 4 quiz show Countdown were said to have reached such heights since acerbic Anne Robinson arrived that her co-presenter Rachel Riley was considering leaving.
Riley, 35, has, however, made it clear that she will be the last woman standing.
‘This will be my 13th year — and I’ve apparently been telling everyone that I want to beat Carol Vorderman’s record of 26 years,’ she says.
‘I don’t remember saying that, but why wouldn’t I want to beat it?
‘Being on Countdown is the best job in the world, and I hope I’m there for ever.’
Countdown’s Rachel Riley (pictured) at the British Takeaway Awards in London in 2018
Of Nick Hewer’s 77-year-old successor, Riley says: ‘It’s true that Anne Robinson’s arrival has given the show a slightly different vibe.
‘Admittedly, she doesn’t mind giving the contestants a bit of a bruising.’
Riley adds in Saga: ‘Someone asked me if I’m going to stop being “naughty” now that Anne’s in charge.
‘Sorry, but this is me. What you see is what you get.’
Lady Kitty Spencer may have married a man five years older than her father, but she remains a little girl at heart.
Princess Diana’s niece, who exchanged vows with 62-year-old fashion tycoon Michael Lewis earlier this year, celebrated her 31st birthday in South Africa with a child-like mermaid-themed party, including an elaborate cake (right).
The bash was attended by the model’s twin siblings Lady Eliza and Lady Amelia Spencer, 29, who paid tribute to her as ‘the best big sister anyone would ever wish for’.
Aristocrats are usually busy with their shotguns at this time of year, but the Marquess of Salisbury’s son and heir, Viscount Cranborne, has his sights set on a wedding instead.
I hear that Ned Cecil, as the 51-year-old Viscount is known to chums, is due to exchange vows on New Year’s Eve with journalist Constance Watson — great-granddaughter of satirical novelist Evelyn Waugh — who’s two decades his junior.
Cuddly Ned, who has a daughter from a previous relationship, stands to inherit a £335 million fortune, which includes one of England’s largest historic properties, 17th-century Hatfield House in Hertfordshire, and its £150 million art collection.
His father became a pariah among many Tories after making a secret deal with Tony Blair to axe hereditary peers from the Lords, as long as 92 of them kept their seats.
Curiously, the family decline to comment on the happy news.
Saboteurs can’t spoil Mrs Mogg’s day out…
With gangs of toff-hating saboteurs coming to blows with hunt supporters this week, it takes a brave family to go out on the trail.
So step forward Helena Rees-Mogg, wife of House of Commons Leader Jacob, who had no qualms about taking three of their six children on the Mendip Farmers Hunt in Somerset, including 13-year-old Mary, who arrived on horseback.
Helena, 43, as former Master of the hunt, is surely used to the rude behaviour of sabs.
Jacob and Helena Rees-Mogg pictured together at the General Election count at the Sports Training Village, University of Bath, on December 13, 2019
But, even so, she had to put up with comments from assembled louts, who insulted her ‘long skirt and daft-looking hat’.
Happily, Helena and her brood are made of strong stuff and still managed to enjoy the day.
Comedienne Miranda Hart is not amused by the TV schedules. And she blames the stations’ bosses for the ‘lack of warmth’ on our screens.
‘That genre of live audience sitcoms is lacking on TV at the moment,’ says Hart, 49, who’s best known for her BBC hit Miranda.
‘There was a bit of an explosion of it with Mrs Brown’s Boys, which came after Miranda.’
The Call The Midwife star adds: ‘I find a lack of warmth generally on TV — there’s just a lot of crime and thrillers.
‘It’s odd because people in the industry are lovely, good, kind, warm people, but it doesn’t necessarily seem it’s been translated in the comedy narrative.’
With his Netflix, Spotify and numerous other deals, Prince Harry is as rich as Croesus.
His aristocratic ex-girlfriend Cressida Bonas, however, is struggling to earn a crust from her own performing arts business.
The actress, 32, who was praised for her performance in the hit ITV crime drama White House Farm, has seen the capital and reserves of Cressida Bonas Ltd dip to £7,150 in the year to March — less than half the £18,295 held in 2020.
Happily, her husband, Harry Wentworth-Stanley, is much better paid as an estate agent.