Alex Karp loses $700 million after becoming third U.S. Black billionaire worth over $10 billion
The decline is tied to the performance of his 2.63 percent stake in Denver-based AI and big data analytics firm, Palantir.
Alex Karp
Alex Karp joins U.S. Black billionaires worth over $10 billion
His net worth has climbed by $3 billion since the start of the year, rising from $7 billion.
Palantir’s soaring stock adds billions to Alex Karp’s net worth, pushing him near $10 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.
U.S. third-richest Black person Alex Karp’s Palantir delivers $2.9 billion revenue in 2024
Revenue for the twelve months of 2024 climbed to $2.87 billion, up from $2.23 billion in the prior year period.
U.S. third-richest Black person Alex Karp gains $500 million after $5 billion increase in 2024
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.
Palantir secures $618.9 million deal to extend U.S. Army Vantage partnership
This builds on Palantir’s ongoing role in modernizing the Army’s data infrastructure to drive operational efficiency.
Alex Karp’s Palantir extends $36.8 million AI deal with U.S. Special Operations
This extension highlights Palantir's growing influence in defense, leveraging its expertise in artificial intelligence and data analytics to modernize mission-critical systems.
Alex Karp’s $5.9-billion fortune secures spot as third-richest Black billionaire in U.S.
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.
Palantir delivers $2-billion revenue in 9M 2024
Revenue for the first nine months of 2024 climbed to $2.04 billion, up from $1.62 billion) in the prior year period.
African-American billionaire Alex Karp's Palantir secures $99.8-million contract expansion with U.S. Army
Enhanced expansion to accelerate the adoption of AI-driven technologies in the U.S. defense and intelligence operations.
African-American billionaire Alex Karp's Palantir partners with Nebraska Medicine in multimillion-dollar healthcare deal
This builds on earlier collaboration which started in January 2024 sharing a mission to solve critical healthcare problems rapidly.
Black billionaire Alex Karp's Palantir expands AI partnership with BP for oil and gas operations
This builds on a decade-long success of incorporating Palantir software into BP’s oil and gas production systems.
Palantir led by African-American billionaire Alex Karp wins $480 million Pentagon AI contract
The Maven Smart System aligns with the Pentagon’s CJADC2 initiative, aimed at improving decision-making and operational efficiency within the U.S. military’s Central Command area.