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The surge in Karp’s fortune, equivalent to an average daily gain of $12.5 million since Jan. 16, is linked to the performance of his 2.63-percent stake in Palantir Technologies.
The revaluation of his private investments and a single-digit decline in Palantir’s shares have contributed to a $100-million decrease in his net worth.
According to Forbes, Karp, ranked among the world’s Black billionaires, has witnessed a $300-million increase in his net worth.
Under Alex Karp, Palantir has witnessed an impressive surge in performance, harnessing the power of large language models
The decline in Karp’s wealth can be directly attributed to the sudden slump in the market value of his 2.63-percent stake in Palantir Technologies.
The surge in Karp’s wealth has positioned him as one of the six Black billionaires in America with fortunes exceeding $2 billion.