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Key Points
- Alex Karp’s net worth has surged $8.9 billion in 2025 to $16.2 billion, fueled by Palantir’s stock rally.
- Palantir’s market cap nears $450 billion after shares rise 145% this year on strong AI software demand.
- Palantir’s Q2 2025 revenue hit $1 billion, up 48% year-over-year, with $2.27 billion in new contract value.
Alex Karp, the richest Black person in the United States, has seen his fortune grow rapidly this year. Since January, his wealth has risen by nearly $9 billion, pushing his net worth past $16 billion and strengthening his place among the world’s wealthiest individuals.
Data from the Bloomberg Billionaires Index, which tracks the fortunes of the 500 richest people, shows Karp’s net worth climbed from $7.23 billion at the start of 2025 to $16.2 billion as of this report. The bulk of that increase comes from his 2.6 percent stake in Palantir, the software company he co-founded in 2003 alongside Peter Thiel, Stephen Cohen, and Joe Lonsdale.
AI demand powers Karp’s $8.9billion year-to-date gain
Karp’s wealth has grown in step with Palantir’s remarkable performance on the New York Stock Exchange. The company went public in 2020 through a direct listing—bypassing the traditional IPO route—and its shares have risen more than 1,900 percent since then. This year alone, Palantir’s stock is up 145 percent, pushing its market capitalization close to $450 billion.
That rally has lifted the value of Karp’s stake to $10.3 billion, according to Bloomberg’s real-time data. Much of the surge is driven by the growing demand for Palantir’s artificial intelligence-powered software, which is increasingly used by government agencies and private companies to handle complex data and decision-making.
Palantir revenue climbs to $1.88 billion
Palantir’s latest financial results underline the trend. Revenue for the first half of 2025 jumped to $1.88 billion from $1.31 billion a year earlier. Its platform, built to help businesses and the U.S. military design and execute AI strategies, has become a sought-after tool for turning powerful algorithms into practical, real-world applications.
The second quarter was especially strong, with revenue rising 48 percent year-over-year to $1 billion. Adjusted EBITDA climbed 47 percent to $470.9 million. U.S. commercial revenue nearly doubled, while government contracts also posted solid growth.
Palantir expands customer base 43 percent
In the second quarter of 2025, Palantir’s business grew sharply. The company expanded its customer base by 43 percent from a year earlier and signed 157 contracts worth at least $1 million each. Among those, 66 were valued at $5 million or more, and 42 topped $10 million.
Altogether, the deals amounted to a record $2.27 billion in contract value for the quarter, more than twice the total from the same period last year. With this strong performance, Palantir now expects third-quarter revenue to come in between $1.083 billion and $1.087 billion. It has also raised its full-year revenue forecast to as much as $4.15 billion.
