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.
black billionaire
Diddy sues NBCUniversal, Peacock for $100 million over explosive ‘Bad Boy’ documentary
The lawsuit states that the filmmakers acted with “reckless disregard” for the truth, choosing sensationalism over facts.
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.
Kanye West faces $20 million contract loss in Japan after anti-Semitic remarks cost him $1.6 billion
This adds to the rapper’s mounting struggles, exacerbated by a $1.6 billion hit in October 2022 when Adidas cut ties with him over his anti-Semitic remarks.
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.
Billionaire golfer, Tiger Woods, faces Puma lawsuit
Puma alleges that Woods's logo, a red leaping tiger, bears an “unmistakable similarity” to Puma’s signature leaping cat emblem.
Kanye West reignites dispute with Adidas after $1.6 billion blow
West, also known as Ye, accused Adidas of “design theft and oppression” in a fiery Instagram post, signaling a potential new chapter in their contentious relationship.
Beyoncé wins legal battle for Blue Ivy’s trademark
The trademark process began in 2012 when Beyoncé’s company, BGK Trademark Holdings LLC, filed the initial application.
Michael Jordan's Highland Park mansion finally sells for $9.5 million after 12 years on the market
After 12 years and multiple price cuts, Michael Jordan’s lavish Highland Park mansion has sold for $9.5 million, marking the end of a long real estate saga.
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.
Oprah Winfrey denies $1-million payment for endorsing Kamala Harris’ campaign
The media mogul clarifies she was not compensated for supporting the Democratic candidate.
Floyd Mayweather enters NYC real estate with $402 million affordable housing deal
Although Mayweather and Black Spruce have not issued public comments, the transaction is anticipated to be one of the largest multifamily housing deals in New York this year.
Diddy’s legal battles prompt asset sales as he remains in custody
Combs was arrested last week and remains in custody after twice being denied bail.
Vista Equity, under America’s second-richest Black billionaire, joins Blackstone in $8.4-billion Smartsheet deal
This acquisition is expected to deliver substantial value to Smartsheet’s shareholders and aligns seamlessly with the investment strategies of both firms.
David Steward secures position as richest Black billionaire in U.S. with $12.7-billion fortune
This spike in his wealth has re-established Steward at the top after a series of fluctuations earlier this year.
Michael Jordan sells mansion for $14.85 million after 12 years on the market
The sale comes 12 years after the sprawling, custom-built estate was first listed for $29 million in 2012.