Inside the ‘summer camp for billionaires’

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A slew of the world’s rich listers

Every year, the Allen & Co conference attracts a who's who of tech barons, media moguls and other elites.

Held in Sun Valley in Idaho in the US – an upscale ski resort with a population of just 1438 – the week-long get-together regularly attracts leaders from the planet's most powerful companies, including Google, Twitter and Facebook.

Among the glittering awaits this year, Facebook chief operating officer Sheryl Sandberg and Apple CEO Tim Cook.

WHAT IS THE ALLEN & CO CONFERENCE?

The conference was held every July since 1983 in the American summer.

It is organized by private investment firm Allen & Company and brings together leaders in fields including media, technology, philanthropy, politics and finance.

Previous high-profile guests have included Bill and Melinda Gates, former UK leader Tony Blair, Facebook founder Mark Zuckerberg, basketball star LeBron James, Ivanka Trump and Jared Kushner and Oprah Winfrey.

The event is famous for what actually goes on during the week.

However, we do know wealthy guests stay in a luxurious mountain lodge and wheel in the week – major mergers of media companies Comcast and NBC Universal, for example, is believed to have grown out of the conference.

According to the Idaho Mountain Express, every billionaire guest is required to wear a name tag bearing their first names at all times, and reporters are barred from entering.

Sun Valley – the first of its kind in the US, which boasts excellent skiing in the winter and hiking and horseriding in the warmer months.

The small town is used to an upscale, celebrity clientele – but during the annual conference, its airport is full

WHO’S THERE THIS YEAR?

2019 attendes includes Ms Sandberg and Mr Cook as well as Instagram COO Marne Levine, co-founder of Reid Hoffman and Yahoo co-founder Jerry Yang.

Business Insider potential merger reports between CBS and Viacom could be decided this year.

Other big name guests include CBS Corporation and Viacom deputy chairman Shari Redstone, Comcast chairman Brian Roberts, 23andMe CEO Anne Wojcicki, former Disney CEO Michael Eisner and PayPal president Dan Schulman.

Continue the conversation @carey_alexis | alexis.carey@news.com.au

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