Tech Titans And Media Moguls Gather For "Billionaire Summer Camp," Get The RITZY Details!

By Tommy Wilson | Wednesday, 10 July 2024 12:00 PM
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Image Credit : Photo by Kayak.com

The crème de la crème of the business world, encompassing sectors from media to technology to finance, have begun to converge on Sun Valley, Idaho, for the annual gathering known colloquially as the "billionaires' summer camp."

This corporate executive retreat, hosted by the boutique investment bank Allen & Company, has evolved into one of the most significant and influential assemblies of the year for the elite echelons of society.

According to Newsweek, the Allen & Company Sun Valley Conference, which traces its roots back to the 1980s, is taking place from July 9 to 13 this year. The event is shrouded in secrecy, with the media kept at bay and the week's itinerary kept under wraps, fueling speculation and intrigue. The conference's laid-back dress code and mandatory name tags, even for the likes of Mark Zuckerberg, have been parodied on HBO.

Sun Valley's secluded setting has been the birthplace of numerous monumental media and tech deals, including Jeff Bezos' acquisition of The Washington Post and Google's purchase of YouTube.

The guest list is a closely guarded secret, but it is rumored to include over 60 moguls, such as OpenAI CEO Sam Altman and Disney's Bob Iger. However, attendance is not guaranteed.

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Notably absent from this year's list is Warren Buffett, the CEO of Berkshire Hathaway, who has been a regular at the conference for many years. The 93-year-old billionaire is reportedly dealing with balance issues, and his wife is said to have voiced complaints about the high coffee prices at last year's event.

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Elon Musk, another frequent attendee, is also missing from the list for the second consecutive year, following his controversial acquisition of Twitter (now known as X). Musk's last appearance at Sun Valley was in 2022, when he announced the termination of his $44 billion deal to purchase the social media platform.

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