Palantir CEO Alex Karp quietly purchased 37,000 acres of forests in Sweden—and locals found out when hunters lost leases to use the property
Cladonia Skog AB, a newly registered company owned by Karp, said it would use the land for “forestry and other related activities.”
Palantir's CEO Alex Karp secretly acquired 37,000 acres of forest land in Sweden, sparking controversy among local hunters. Through his company Cladonia Skog AB, Karp spent $22 million on the Härjedalen property, which was previously owned by paper manufacturer Svenska Cellulosa Aktiebolaget (SCA). The purchase was reported by Swedish newspaper Tidningen Härjedalen, who spoke to disgruntled hunters who had been notified they could no longer lease the land for hunting.
SCA confirmed the sale was due to the land being unsuitable for forestry, and mentioned that terminating hunting agreements was a natural part of the sales process. Cladonia Skog AB stated they would use the land for forestry activities and preservation. Landownership has become a popular hobby for the wealthy, with investments in the U.S. land market growing to $4.3 trillion.
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