Billionaire entrepreneur, 34, shares the secrets to his success

A tech entrepreneur who is simply a billionaire astatine conscionable 34 years aged has shared his secrets to success. 

Ankur Jain, the CEO and laminitis of Bilt Rewards, has an estimated nett worthy of $1.2 billion, according to Forbes. 

Bilt allows Americans to gain points done paying rent, which can beryllium spent connected travel, eating oregon fittingness classes - overmuch similar a accepted recognition paper rewards program. 

This week, the institution besides expanded its scope to let customers to earn rewards points erstwhile buying a home. 

Since publically launching successful 2022, Bilt has seen a stratospheric emergence - and is present valued astatine $3.25 billion. 

Jain, who was formerly an exec astatine dating app Tinder, owns astir 36 percent of the company. 

His 1 portion of proposal for immoderate budding entrepreneurs?  

'Start with a problem, not a perceived opportunity,' Jain told DailyMail.com. 'Those are 2 precise antithetic things.'

'I deliberation 1 of the astir unsafe things that happened to entrepreneurship was that concern schoolhouse graduates started going into entrepreneurship,' helium said. 

These grads focused excessively overmuch connected analyzable concern statistic oregon what they saw arsenic a marketplace opportunity, alternatively than reasoning astir what Americans really need.

'They forgot to inquire the question of what occupation they tin really lick for people,' Jain said.

'There's a crushed Bilt is casual to understand. You tin gain points connected rent. It's your biggest disbursal and present it's your astir rewarding. 

'You're taking a existent occupation radical person and you're making it work.'

The thought down Bilt is that it allows Americans to gain points connected rent without having to wage immoderate transaction fees.  

The institution has now signed up up spot owners with 4 cardinal rentals successful thousands of cities crossed the country, arsenic good arsenic its airline, hotel, gym and edifice partners.

Members tin transportation points to its partners, which see airlines specified arsenic United, oregon edifice chains specified arsenic Hilton oregon Hyatt. 

Jain, who was calved successful Washington authorities and married erstwhile WWE star-turned-celebrity fittingness guru Erika Hammond successful Egypt earlier this year, antecedently co-founded Humin, an app which combined contacts and calendars and was bought by Tinder.

He besides made the coveted Forbes 30 Under 30 database successful 2015. 

His father, former Microsoft enforcement Naveen Jain, was besides concisely a billionaire successful 2000 owed to the occurrence of his institution InfoSpace. 

The hunt motor was 1 of the biggest net companies successful the US earlier the clang of the dot-com bubble successful the aboriginal noughties. 

By tracking rent payments each month, Bilt is besides designed to assistance boost its members recognition histories, successful bid to assistance them yet suffice for a mortgage.  

'Whether you're paying rent oregon you're yet acceptable to bargain a home, we privation to marque it imaginable and we privation to marque it rewarding,' Jain told DailyMail.com. 

Bilt besides has a co-branded Mastercard recognition card, which allows Americans to gain points connected rent if they bash not unrecorded successful a spouse property. 

The recognition paper has nary yearly fee, but it besides has nary sign-up bonus.

Users besides person to perpetrate to utilizing the paper 5 times each period - connected apical of the rent outgo - to deduce important worth from it, according to NerdWallet.

If renters bash not unrecorded successful a Bilt-affiliated spot and bash not person the recognition card, they are inactive capable to wage rent done the Bilt app.

They volition lone earn 250 points for doing so, however, and volition inactive beryllium the processing fee. 

Under the caller enlargement launched this week, the institution has besides launched a 'buy a home' instrumentality which allows renters to spot what benignant of location they could spend based connected however overmuch they are presently paying a month.

The instrumentality shows disposable homes based connected an all-in monthly outgo - which includes section taxes and security costs - and allows Americans to hunt disposable homes crossed antithetic cities.