Data analytics company Palantir's CEO is the highest-paid executive in history

Karp received compensation valued at $1.1 billion last year, including $798 million in options and $296 million in restricted stock

  • Last Updated : May 17, 2024, 14:11 IST
Palantir CEO Alex Karp

Alex Karp, the chief executive of data analytics company Palantir, has become one of the highest-paid executives in history. Karp received compensation valued at $1.1 billion last year, including $798 million in options and $296 million in restricted stock.

Palantir is a company founded by Peter Thiel and conducts secretive data-processing work for US government agencies and corporate clients like Morgan Stanley and Airbus.

Karp’s stock-heavy compensation was supercharged by Palantir going public in September of last year with a valuation of nearly $22 billion. The pay represents a roughly ninety-fold increase from his $12.1 million compensation in 2019.

This has made Alex Karp the highest-paid CEO of the year in history.

Tony Xu, who co-founded delivery app Doordash is the second-highest-paid CEO. Xu received shares of his company worth more than $400 million shortly before it went public in December, according to December Securities and Exchange Commission filings.

According to a Wall Street Journal analysis, the world’s two highest-paid chief executives made far more than any CEO of an S&P 500 company in 2020.

Karp’s 2020 compensation was the third-highest for any CEO since 2007, behind Elon Musk’s $2.3 billion in 2018 and Stephen Schwarzman’s $1.4 billion from Blackstone in 2007, the Journal reported.

Published: June 4, 2021, 20:25 IST
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