\t\t\t\t![\"Alex](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/Alex-Karp-Photo-by-Kevin-Dietsch_Getty-Images.jpg\")
\n\t\t\t\t\t\tAlex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. The Hill and Valley Forum brings together lawmakers, tech CEO and venture capitalists for discussion on technology and national security. \t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n
Photo by Kevin Dietsch\/Getty Images<\/a><\/p>\n It appears that Palantir Technologies\u2019 move <\/a>to the Sunshine State didn\u2019t come out of thin air. <\/p>\n As first reported by the Real Deal,<\/a> Alex Karp, CEO of the controversial software company, purchased a $46 million mansion on Miami\u2019s Venetian Islands in June, eight months before the company\u2019s headquarters abruptly moved from Denver to Aventura.<\/p>\n Property records reveal that Hibiscus East LLC bought the 9,700-square-foot home at 55 East San Marino Drive on San Marino Island. According to the Florida Department of State, the limited liability company\u2019s representative is New Hampshire-based lawyer Patrick Collins, who has been tied to Karp\u2019s other real estate dealings. <\/p>\n Karp\u2019s fellow Palantir cofounder and current company chairman, Peter Thiel<\/a>, bought two homes on the Venetian Islands for $18 million in 2020 with plans to build a modern compound. <\/p>\n Last month, Palantir, which develops surveillance and data integration tools used by the U.S. Immigration and Customs Enforcement (ICE) to track undocumented immigrants, moved its headquarters to a co-working space next to Aventura Mall. Its Denver headquarters was the site of constant protests over its work with the U.S. Department of Defense and ICE. However, the protests have since followed<\/a> the company\u2019s move to South Florida. <\/p>\n Karp is among a wave of billionaires snatching up property in South Florida, leaving states like California, which are considering legislation taxing the ultra-wealthy.<\/p>\n Just this week, former Starbucks CEO Howard Schultz<\/a> announced that he and his wife are leaving Seattle for South Florida. The couple purchased a $44 million penthouse at the Surf Club, Four Seasons Private Residences in Surfside.<\/p>\n \u201cWe have moved to Miami for our next adventure,\u201d Schultz announced on Wednesday on LinkedIn (naturally). \u201cWe are enjoying the sunshine of South Florida and its allure to our kids on the East Coast as they raise families of their own.\u201d<\/p>\n Schultz didn\u2019t join his fellow billionaires on Indian Creek, more commonly known as Miami\u2019s Billionaire Bunker<\/a>, whose residents include Jeff Bezos, Ivanka Trump and Jared Kushner, and Tom Brady (don\u2019t worry, the community accepts millionaires too).<\/p>\n