Some of these billionaires have moved ahead of a proposed wealth tax in California on people worth $1 billion or more.<\/p>\n
Palantir\u2019s founders include billionaires Peter Thiel and Alex Karp. Thiel, who is also a co-founder of PayPal and the venture capital firm Founder\u2019s Fund, is the chairman of the company, and Karp is the chief executive.<\/p>\n
Late last year, Thiel moved his investment firm Thiel Capital to Miami, leasing office space in Wynwood. Thiel is worth an estimated $25 billion and has owned a house in Miami Beach since 2020.<\/p>\n
Palantir didn\u2019t respond to an email from the Miami Herald asking why the company decided to move its headquarters or where its new offices would be located. According to the company\u2019s just released annual report, the new executive offices are at Northeast 195th Street and Biscayne Boulevard in Aventura.<\/p>\n
We have moved our headquarters to Miami, Florida.<\/p>\n
\u2014 Palantir (@PalantirTech) February 17, 2026<\/a> <\/p>\n MORE: Do recent megamillion Miami real estate buys signal a coming billionaire wave?<\/a><\/p>\n John Boyd, a principal of The Boyd Company Inc., a Boca Raton-based firm that offers site selection consulting services for businesses, said he wasn\u2019t surprised by Palantir\u2019s decision to move its headquarters to Miami. He said Florida\u2019s pro-business political landscape has made it attractive to leaders in the tech and financial industries. And he expects the region to become more attractive as more billionaires set up shop.<\/p>\n \u201cThe endorsement of a market by a high-profile CEO like a Ken Griffin or an Alex Karp, it carries a lot of weight,\u201d said Boyd.<\/p>\n Griffin, the billionaire founder and CEO of the hedge fund Citadel, moved his company from Chicago to Miami in 2022. Griffin and Stephen Ross, two of South Florida\u2019s best-known billionaires, launched an initiative last month to encourage more business leaders<\/a> to move to the Sunshine State.<\/p>\n Palantir\u2019s move also comes as Miami has become a hub of foreign policy dealmaking<\/a> under the second Donald Trump administration. Palantir\u2019s contracts with the federal government have sharply increased since Trump took office last year. The company was awarded more than a billion dollars in federal contracts in 2025, according to federal spending <\/a>data,<\/a> primarily with the Department of Defense and Immigration and Customs Enforcement.<\/p>\n The company has a controversial relationship with ICE, which uses technology developed by Palantir to track and deport undocumented immigrants.<\/p>\n Miami-area congressional Rep. Mar\u00eda Elvira Salazar praised Palantir\u2019s announcement Tuesday.<\/p>\n \u201cWelcome to Miami, Palantir!\u201d she wrote on social media. \u201cMore and more companies are betting on our city to grow and project themselves to the world. Here they find a pro-business environment, low taxes, clear rules, and a unique connection with Latin America and global markets.\u201d<\/p>\n The Republican has previously criticized<\/a> Trump\u2019s mass deportation efforts \u2014 in which Palantir has been a key private partner \u2014 arguing that the administration\u2019s enforcement strategies have gone too far.<\/p>\n