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frischkaesbagett ( frischkaesbagett@feddit.org )  to Europe@feddit.orgEnglish · 21 hours ago

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

fortune.com

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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

fortune.com

frischkaesbagett ( frischkaesbagett@feddit.org )  to Europe@feddit.orgEnglish · 21 hours ago
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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 | Fortune
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Cladonia Skog AB, a newly registered company owned by Karp, said it would use the land for “forestry and other related activities.”
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  • pmk ( pmk@piefed.ca ) 
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    12 hours ago

    I wonder if he knows about Allemansrätten.

  • motionofethre ( motionofethre@piefed.social ) 
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    21 hours ago

    Tax the fuck out of his land.

    • SpookyBogMonster ( SpookyBogMonster@lemmy.ml ) 
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      16 hours ago

      Fuck that, expropriate it without compensation

    • Malica ( Malica@lemmy.zip ) 
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      11 hours ago

      I read somewhere he paid less than $600 an acre.

    • architect ( architect@thelemmy.club ) 
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      16 hours ago

      Tax the fuck out of his land so your politicians can get rich and join him!

      Whatever you do don’t make him actually leave! That might work!

  • MolochHorridus ( MolochHorridus@piefed.social ) 
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    16 hours ago

    Probably for a post-apocalypse bunker that can be used as a hunting lodge for poor people before that.

    • manxu ( manxu@piefed.social ) 
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      13 hours ago

      Could you please clarify: a hunting lodge where poor people stay, or a lodge for the hunting of poor people? /s

      • MolochHorridus ( MolochHorridus@piefed.social ) 
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        13 hours ago

        For hunting of poor people.

  • melsaskca ( melsaskca@lemmy.ca ) 
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    16 hours ago

    Foreign ownership, baby! I don’t need to be a citizen, I just need to buy your government. And I can!! /s

  • architect ( architect@thelemmy.club ) 
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    16 hours ago

    Since America gets blamed for all these foreign born billionaires I can say fuck Sweden, Sweden is the exact type of shit hole that would slow these shut peoole in.

  • lokalhorst ( lokalhorst@feddit.org ) 
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    21 hours ago

    37000 Acre = 149.73 km² or 14973.37 ha

    • dracc ( dracc@discuss.tchncs.de ) 
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      20 hours ago

      Swedish sources state its 150 km² flat. He (or well, his company) paid 240 million SEK (~$20M USD) for the property which is mostly forrest free due to elevation. Buying that kind of property for “forestry” sure sounds like a thinly veiled lie.

    • snoons ( snoons@lemmy.ca ) 
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      20 hours ago

      An example of 90km².

  • rynn ( chahn.chris@piefed.social ) 
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    14 hours ago

    So maybe people don’t want to hear this but as a hunter I have to say this area is likely to become a wildlife disaster.

    If humans are a regular predator and the predator is removed the fight for food resources among the prey species is going to result in a lot of animal deaths and suffering. This will cause ecological devastation to the area, waste meat that humans would have used, and potentially cause other shifts in wildlife that are harder to predict.

    The government, in addition to taxing this land heavily, should procure an easement for hunters to maintain ecological stability.

    If this guy is planning to tear everything down and install data centers out there we should build a rocket and yeet him into the sun.

    • Mad_Punda ( Mad_Punda@feddit.org ) 
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      11 hours ago

      Yeeting him out of the solar system takes less energy.

      • JillyB ( JillyB@beehaw.org ) 
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        8 hours ago

        deleted by creator

      • rynn ( chahn.chris@piefed.social ) 
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        10 hours ago

        lol ok let’s do it your way!

      • JillyB ( JillyB@beehaw.org ) 
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        9 hours ago

        Outer Wilds taught me that it’s actually quite easy to fly into the sun.

        • Little1Lost ( Little1Lost@gehirneimer.de ) 
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          8 hours ago

          finally i can use a bookmark :D
          This guy tells why its not that easy: https://lemmy.world/comment/24689663

  • Marty_TF ( Marty_TF@lemmy.zip ) 
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    21 hours ago

    stalin come back pls

    • brastak ( brastak@feddit.org ) 
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      20 hours ago

      Fuck Stalin

      • DdCno1 ( DdCno1@beehaw.org ) 
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        18 hours ago

        And anyone who wishes him back.

    • birdwing ( birdwing@lemmy.blahaj.zone ) 
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      12 hours ago

      Nah, Makhno, Rojava (please support them), Zapatista, Frisian freedom, Revolutionary Catalonia instead!

  • jdr ( jdr@lemmy.ml ) 
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    20 hours ago

    What’s interesting about that?

    • killingspark ( killingspark@feddit.org ) 
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      20 hours ago

      When people spend that amount of money without telling anyone it’s probably not an investment but either speculation or for personal use.

      Why would anyone need this much woodland for themselves? It’s unlikely he bought all of this for himself as a vacation spot. So he’s probably buying this speculating on a rise in prices for this kind of land.

      And that’s interesting. Why would swedens forests increase massively in value?

      • VibeSurgeon ( VibeSurgeon@piefed.social ) 
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        16 hours ago

        The sellers in this case were SCA, who own large amounts of forest land in Sweden that they grow trees on.

        It seems unlikely that they would sell it if the land value was expected to be riding, in particular for a forestry use-case, in which SCA are already specialized.

        The most compelling theory so far is that he purchased the land for use in cross-country skiing, which he apparently has a big interest in. This part of Jämtland is good for cross-country skiing, something I know from first-hand experience.

      • dracc ( dracc@discuss.tchncs.de ) 
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        20 hours ago

        “Woodlands” is a stretch, as the property sits around or above the tree line (elevation thingy). Allegedly Mr Karp is a big skiing enthusiast with several properties in Norwegian skiing spots already. However, 240M SEK seems a bit much for a property he can’t reasonably have an ROI on. I have a hard time believing there won’t be data centers built on the property within 5 years.

        • killingspark ( killingspark@feddit.org ) 
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          18 hours ago

          240M SEK is roughly 24M USD

          Alex Karp had a net worth in excess of 18B USD in 2025 if wikipedia is to be believed.

          This is 1/800th of his net worth, or 0.125%

          It’s not like he needs to monetize this land immediately to keep making money from the rest of his net worth

          Edited because I made a silly mistake in conversion rates. 1 sek is roughly 0.1 USD, not 10 USD.

          • dracc ( dracc@discuss.tchncs.de ) 
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            19 hours ago

            No, 1 SEK is not 10 USD.

            • killingspark ( killingspark@feddit.org ) 
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              18 hours ago

              Come on past me, that’s not even hard maths. Thanks, I’ll fix my comment to reflect that two orders of magnitude error I just made…

      • birdwing ( birdwing@lemmy.blahaj.zone ) 
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        19 hours ago

        My guess is a massive data centre, tbh

    • Rothe ( Rothe@piefed.social ) 
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      20 hours ago

      It is important to monitor the doings of our oligarch overlords. Because they are always scheming to fuck the rest of us over for some petty reason (mostly profit).

    • rose56 ( roserose56@lemmy.zip ) 
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      19 hours ago

      Do you really believe more data centers are the solution to the problem?

      • LovelyMover ( LovelyMover@lemmy.zip ) 
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        18 hours ago

        Singapore have created them using human brain cells & they use same power as an led light bulb, take up fk all space & only require a bit off food now & then to keep the cells alive. Oh and its brain cells do the whole thing is tiny.

      • jdr ( jdr@lemmy.ml ) 
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        19 hours ago

        I do not

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