Business moguls are pouring into Sun Valley, Idaho for Allen & Co.’s annual “summer camp for billionaires.”
Fourth of July has come and gone — and that means the swanky Sun Valley ski resort in Idaho is set to host A-list moguls from across tech, media and business at Allen & Co.’s annual “summer camp for billionaires.”
Mergers and acquisitions — the bread-and-butter draw of Sun Valley — have dried up this year as companies face a still-uncertain outlook. While markets have bounced back from last year’s brutal selloff, tech giants like Google, Meta, Amazon and Microsoft are still smarting from massive layoffs as they slash spending and redouble their efforts on winning the artificial intelligence race.
From the media world, prominent figures such as Oprah Winfrey, New York Post and NewsCorp owner Rupert Murdoch and Paramount Global chair Shari Redstone were all invited to join Iger and Zaslav at the event.Netflix execs Reed Hastings, Ted Sarandos and Greg Peters are set to attend alongside Hollywood mainstays like CAA’s Bryan Lourd, newly minted Biden re-election campaign co-chair Jeffrey Katzenberg, famed producer Brian Grazer and many others.
Sun Valley is also set to play host to prominent journalists. Andrew Ross Sorkin, the New York Times’ “DealBook” columnist and CNBC host, is expected to show up at the shindig, as is his “Squawk Box” co-anchor Becky Quick.CNN personality Van Jones is on the roster, alongside his network colleague Erin Burnett, The Free Press founder Bari Weiss and CBS journalists Gayle King and David Begnaud.
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