The billionaire’s social calendar: The must-attend events for the world’s wealthiest business icons

Date:

July: Allen & Company Sun Valley Conference


Barry Diller enjoying a bike ride at the billionaire summer camp.

Kevork Djansezian/Getty Images



Every July, private jets descend on the small town of Hailey, Idaho, for the summer counterpart to Davos: the Allen & Company Sun Valley Conference — also known as billionaire summer camp.

Since 1983, boutique investment bank Allen & Co — its president, Herbert Allen, is a billionaire himself — has hosted the event, which attracts the biggest and richest names in business, including Bill Gates, Mark Zuckerberg, Warren Buffett, and Rupert Murdoch.

The conference has become known for the deals struck in between rounds of golf, guided hikes, whitewater rafting, and tennis matches. It’s where Jeff Bezos snagged The Washington Post for $250 million in 2013 and where the seed for Disney’s $19 billion acquisition of ABC were planted in 1995.

The vacation-cum-business-meeting is invite-only and pretty much restricted to masters of the universe dressed in vests and quarter-zips — as well as their entourages. Security is strict, with even the press walled off from most of the wheeling and dealing.

But when the conference is not in session, you, too, can stay at the Sun Valley Lodge, the homebase of the retreat that offers a year-round ice skating rink, luxe spa, and pool with a view of the mountains. The most basic rooms cost upwards of $500 a night over the summer, and suites go for upwards of $1,500. But don’t feel too bad for the billionaires, Allen & Co foots the bill.

Share post:

Popular

More like this
Related

Pisces Daily Horoscope Today, May 31, 2024 predicts marriage setbacks

Pisces – (19th February to 20th...

Virat Kohli finally departs for USA amid T20 World Cup buzz | Cricket News – Times of India

NEW DELHI: Amidst widespread speculations, Virat Kohli has finally...

Zaslav: Warner Is Still a ‘Leader in Sports Around the World’ Without the NBA

Warner Bros. Discovery CEO David Zaslav told a Bernstein...