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Billionaire entrepreneur, 34, shares the secrets to his success
Nov 24, 2024
A tech entrepreneur who is a billionaire at just 34 years old has shared his secrets to success.
Ankur Jain, the CEO and founder of Bilt Rewards, has an estimated net worth of $1.2 billion, according to Forbes.
This week, the company also expanded its reach to allow customers to earn rewards points when buying a home.
Since publicly launching in 2022, Bilt has seen a stratospheric rise - and is now valued at $3.25 billion.
Jain, who was formerly an exec at dating app Tinder, owns about 36 percent of the company.
His one piece of advice for any budding entrepreneurs?
'Start with a problem, not a perceived opportunity,' Jain told DailyMail.com. 'Those are two very different things.'
'I think one of the most dangerous things that happened to entrepreneurship was that business school graduates started going into entrepreneurship,' he said.
These grads focused too much on complicated business statistics or what they saw as a market opportunity, rather than thinking about what Americans actually need.
'They forgot to ask the question of what problem they can actually solve for people,' Jain said.
'There's a reason Bilt is easy to understand. You can earn points on rent. It's your biggest expense and now it's your most rewarding.
'You're taking a real problem people have and you're making it work.'
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