If the net worth in Sun Valley, Idaho, spiked this week, there’s one likely source: Allen & Company’s annual conference that began on Wednesday. Informally known as “summer camp for billionaires,” it’s a whos-who of Silicon Valley execs, media power figures, other elite CEOs, and even political leaders. They flock to the Sun Valley Resort for four days every year to unwind, network, and golf. Last year, the total wealth of those attending the conference was reportedly more than $1 trillion.
But rather than trading friendship bracelets or singing by the campfire, these campers are busy making deals. Famed regulars include Bill Gates and Warren Buffett. Apple’s Tim Cook, Disney’s Bob Iger, and OpenAI’s Sam Altman are some of the many names who settled in the midwest for a short stint this week.
