Palantir Technologies Inc.’s chief executive Alex Karp bought a Miami mansion in June, seven months before the firm’s surprise announcement to move its headquarters to the city, according to a person familiar with the matter.

Public records show the property, located in Miami Beach on a man-made island, was purchased for $46 million by Hibiscus East LLC which listed New Hampshire lawyer Patrick Collins as the representative. Collins has been linked to Karp in other real estate transactions and the Palantir executive owns property in New Hampshire.

Palantir and Collins didn’t immediately reply to requests for comment. Zalmy Shapiro and Joel Lusky of The Brokerage South Florida, who represented the buyer, declined to comment. Dina Goldentayer of Douglas Elliman, who represented the sellers, also declined to comment.

Palantir, a software company that has become the face of defense technology in the U.S. for its work with the government on the battlefield and for immigration enforcement, announced it was moving its headquarters from Denver to Miami in a post on X in February. Though it hasn’t provided further information on its plans in Miami, the firm’s principal executive offices are now listed at a coworking space in Aventura, about 17 miles north of downtown.

Karp, who has a net worth of $16 billion, according to the Bloomberg Billionaires Index, is among a growing number of high-profile tech moguls purchasing expensive real estate in Miami, with many fleeing tax proposals on the ultra wealthy in states like California. Earlier this month, Mark Zuckerberg broke a Miami-Dade County record with his $170 million purchase on Indian Creek, an exclusive private island town known as “billionaire bunker.” Alphabet Inc. co-founders Sergey Brin and Larry Page have also bought in Miami this year.

Earlier this week, Howard Schultz, the billionaire ex-CEO of Starbucks Corp., said he moved to Miami.

(With assistance from Dylan Sloan.)

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