
Palantir CEO Alex Karp gains $1.5 billion in two weeks as net worth rises
Palantir’s stock rebound boosts Alex Karp’s fortune to $9.2 billion, reinforcing his position as the third-richest Black person in the U.S.
Palantir’s stock rebound boosts Alex Karp’s fortune to $9.2 billion, reinforcing his position as the third-richest Black person in the U.S.
The decline is tied to the performance of his 2.63-percent stake in Palantir.
This is tied to a slide in the market value of his 2.63 percent stake in Palantir, which has fallen from $7 billion to $5.3 billion.
The decline is tied to the performance of his 2.63 percent stake in Denver-based AI and big data analytics firm, Palantir.
His net worth has climbed by $3 billion since the start of the year, rising from $7 billion.
The Black billionaire, who owns a 2.63 percent stake in Palantir, added $2.1 billion to his net worth in just a few days, according to Forbes’ estimates.
Revenue for the twelve months of 2024 climbed to $2.87 billion, up from $2.23 billion in the prior year period.
Palantir’s success in integrating AI into military operations has been a key driver behind both its rising valuation and Alex Karp’s growing wealth.
This builds on Palantir’s ongoing role in modernizing the Army’s data infrastructure to drive operational efficiency.
This extension highlights Palantir's growing influence in defense, leveraging its expertise in artificial intelligence and data analytics to modernize mission-critical systems.
Karp’s fortune grew by $430 million within 24 hours, marking a significant uptick from $5.47 billion to $5.9 billion, according to Forbes.
Revenue for the first nine months of 2024 climbed to $2.04 billion, up from $1.62 billion) in the prior year period.
Enhanced expansion to accelerate the adoption of AI-driven technologies in the U.S. defense and intelligence operations.
This builds on earlier collaboration which started in January 2024 sharing a mission to solve critical healthcare problems rapidly.
This builds on a decade-long success of incorporating Palantir software into BP’s oil and gas production systems.