Euan Blair, 38, the founder and chief executive of the apprentice company Multiverse, which matches young people with apprenticeship routes into work, is awarded an MBE for services to education.

He said: “It’s a real honour to receive this recognition, but it’s on behalf of an organisation full of people who are working tirelessly to build a truly outstanding alternative to university.

Multiverse’s growth is testament to the power of apprenticeships to widen access to top jobs and give employers the skilled talent they need.”

The firm has got people into thousands of jobs by matching school leavers with more than 300 employers including Google, Facebook and Morgan Stanley.

Mr Blair co-founded the firm in 2016 and it is now said to be worth more than £600million.

He owns between 25 and 50 per cent of Multiverse shares, according to filings, implying a paper fortune in the tens of millions.

Late last year the company raised £95million in a US investor-led funding round.

Multiverse has placed more than 5,000 apprentices, and over the past year has doubled its headcount to some 400 staff, as well as launching a New York office. More than half of the company’s apprentices are people of colour and 36 per cent are from underprivileged backgrounds.

This year Mr Blair said the expansion of British universities – a key priority of his father when he was in office – has ‘not worked’ and had failed to create a ‘fairer society’.

Blair, a Yale graduate, reportedly has a fortune of more than £160m.

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Euan Blair receives an MBE after his company finds over 5,000 apprentices jobs