The overvoltage of Palantir actions did the 5th billionaire of the company – its CTO has just joined the ultra -riche club with more than $ 1.3 billion

For investors and co -founders of Palantir, this wave resulted in billions of wealth. The net value of the co -founder Peter Thiel has jumped at more than $ 25 billion – $ 9 billion since January – and the CEO of Palantir, Alex Karp, has increased to more than $ 15 billion (up 8 billion dollars YTD), according to in Bloomberg’s Billionaire index. The co-founders Stephen Cohen and Joe Lonsdale are also long-standing members of the ultra-riche club.

Now, financial victories extend beyond the founders of the company. Technology director Shyam Sankar became his last director to cross the billion dollars bar on Monday, his net value exceeding $ 1.3 billion.

Later in the day, the company declared a record of $ 1 billion in revenues for its last quarter, up 48% in annual shift. The profit also climbed from 33% to $ 327 million, which prompted the company to increase its income prospects in the year to at least $ 4.14 billion.

The success of the company was 20 years old, Sankar announced when the results of Monday.

Fortune contacted Palantant to comment.

The losses of other companies are the gains of palantir

The growth in Palantir shares is probably the good news for investors who have not been satisfied with the performance of other technological companies like Tesla, Apple and Amazon, which are all in red this year.

Competitors of the federal contract space also had trouble, companies like Accenture, Booz Allen and Deloitte losing key government contracts in the midst of the cuts of the Ministry of Effectiveness of the Government. However, Palantre has largely won, the profits from the United States government increasing by 53% in annual shift. Last week, the company won $ 10 billion software and a data contract with the army.

And although the partnerships of Palantir with the federal government have raised the eyebrows given the close relationship of Thiel with the Trump administration, the company is only progressing.

“There are almost no parasitic elements for this company,” Karp said when the results were calling on Monday. “We have a small sales force. We have very few BS internally. We have a flat hierarchy. We have the most qualified and interesting people, heterodox in their beliefs. ”

Continuous adoption of AI also facilitates companies as a palantant to do more with fewer workers.

“We plan to develop our income … while reducing our number of people,” said Karp CNBC. “It is a crazy and effective revolution. The objective is to obtain 10x income and have 3,600 people. We now have 4,100. ”

Like Palant, Nvidia is a billionaire producer machine

Like Palant this year, Nvidia’s actions soaring in 2024 – Gains exceeded 170%. And as each company continues to grow, it is both on the track producing billionaires.

In addition to $ 155 billion from CEO Jensen Huang, its financial director Colette Kress and EVP Jay Puri joined the billionaire club at the end of last month.

“I created more billionaires in my management team than any CEO of the world,” said Huang recently during a panel organized by venture capital that led the Podcast All-in. “They are fine.”

Nvidia has approximately 42,000 and a market capitalization of around 4.3 billions of dollars, approximately 10 times that of Palantant.

“Do not feel sad about my diaper,” said Huang. “My diaper is fine.”