Palantir founder purchases large swath of forest in Sweden
4 hours ago
- Palantir CEO Alex Karp bought 15,000 hectares (37,000 acres) of forest in Härjedalen, Sweden for 235 million kronor ($22 million).
- The purchased area is nearly the size of Liechtenstein (16,000 hectares).
- The acquisition from paper company SCA AB became public after local hunters' leases were canceled, and local authorities were not informed in advance.
- Karp made the purchase through his newly registered company Cladonia Skog AB, which stated the land offers wildlife habitat and recreational space.
- Palantir provides services to Swedish defense, police, and NATO, and the purchase occurs amid European discussions on reducing reliance on U.S. technology.