Palantir CEO Alex Karp purchased 37,000 acres of forest in Sweden's Härjedalen region through his company Cladonia Skog AB for $22 million, disrupting local hunting rights that were previously leased through the land's former owner, paper manufacturer SCA. The acquisition reflects a broader trend among billionaires investing in natural lands as inflation hedges and for recreational purposes, though it has sparked local controversy over access to the forest.
Palantir Technologies CEO Alex Karp purchased 15,000 hectares of forest in Sweden's Härjedalen region for $22 million through a newly registered company, becoming public after local hunters lost hunting rights. The acquisition occurs amid European discussions about reducing dependence on U.S. technology, despite Swedish defense and police using Palantir's services.