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Key Points
- Alex Karp’s net worth hits $14.2 billion, gaining $2.1 billion and ranking him 192nd on Bloomberg’s list of the world’s richest.
- Palantir stock climbs over 10% in July, lifting Karp’s fortune despite selling $50 million in shares in May.
- Palantir posts record Q1 revenue of $883.86 million, driven by rising demand for its AI tools from government and private-sector clients.
Alex Karp, America’s richest Black billionaire, has further solidified his place among the world’s wealthiest people. His net worth has climbed to $14.2 billion, making him not only the richest Black person in the United States, but also the second-richest Black individual globally.
Data from the Bloomberg Billionaires Index shows Karp’s fortune has grown by $2.1 billion since the start of July. At the beginning of the month, he was worth $12.1 billion and ranked 245th among the world’s richest. As of this report, he sits at No. 192 with a net worth of $14.2 billion. This latest gain builds on an earlier rise between late May and early July, when his wealth jumped by $800 million, moving from $11.3 billion to $12.1 billion.
Karp trims stake, shares rise further
On May 20 and 21, Karp, co-founder and CEO of the Denver-based software company Palantir, sold more than $50 million worth of shares in the firm. Despite trimming a small portion of his holdings, Palantir’s stock has continued to climb, benefiting both Karp and other investors.
Karp holds a 2.6 percent stake in Palantir, valued at $8.89 billion. Bloomberg estimates his cash reserves at around $2.3 billion, making him one of the most liquid Black billionaires in the world. Palantir shares have risen more than 10 percent in July alone and are up over 110 percent this year. Since January, Karp’s total wealth gain stands at nearly $7 billion ($6.97 billion).
Palantir reports record first-quarter growth
Palantir’s strong performance this year has played a big role. The company kicked off 2025 with record-setting results. First-quarter revenue jumped 39 percent to $883.86 million, and net income surged to $214 million.
The company’s total assets grew to $6.74 billion, while shareholder equity rose by more than 8 percent—signs of growing confidence in its software and AI tools from both government and private-sector clients.
Accenture taps Palantir for agency AI
Earlier this month, Palantir announced a new partnership aimed at expanding its government work. The company signed a multi-year deal with Accenture Federal Services, a division of consulting giant Accenture, to modernize U.S. federal agencies using advanced AI tools.
Under the agreement, Accenture will serve as Palantir’s lead implementation partner for government clients. The collaboration combines Palantir’s AI Platform and Foundry software with Accenture’s experience in federal technology—a pairing that aims to tackle some of the toughest challenges faced by public agencies.
