NPR

Moguls, Deals And Patagonia Vests: A Look Inside 'Summer Camp For Billionaires'

Facebook's Mark Zuckerberg is expected to attend. So is Apple's Tim Cook. A look inside the Sun Valley conference for top media and tech moguls organized by a little known investment firm.
Facebook's CEO Mark Zuckerberg, Vice President of Partnerships Dan Rose and Chief Operating Officer Sheryl Sandberg walk together at the Allen & Company Sun Valley Conference on July 12, 2018 in Sun Valley, Idaho. Top tech and media moguls descend on the resort every year for a week of activities - and deals.

It sounds like your typical summer camp: a week of tennis, long hikes and whitewater rafting in an idyllic setting.

Except in this particular summer camp, in Sun Valley, Idaho, participants are set to arrive in private jets, and in between all the leisure activities, they may just plot some of the biggest deals in media and tech.

Welcome to what's known as "summer camp for billionaires."

This week, the top executives at the biggest and most influential companies in a getaway that dates back to 1936, in a tiny town in the Sawtooth Mountains.

You’re reading a preview, subscribe to read more.

More from NPR

NPR3 min readAmerican Government
A Michigan Grassroots Effort Is Raising Reparations, While The Government Lags
The year 2020 was a turning point for Lansing, Michigan resident Willye Bryan. Between the racial reckoning following the murder of George Floyd and the health disparities that hit the African American community during the pandemic, she knew it was t
NPR2 min readAmerican Government
Majorie Taylor Greene Is Planning A Vote Next Week To Oust Speaker Johnson
Rep. Marjorie Taylor Greene, R-Ga., says she will follow through on her threat to hold a vote to oust Speaker Mike Johnson sometime next week, despite signs that her effort will fail.
NPR2 min read
Walmart Says It Will Close Its 51 Health Centers And Virtual Care Service
The Arkansas-based company said that after managing the clinics it launched in 2019 and expanding its telehealth program, it concluded "there is not a sustainable business model for us to continue."

Related Books & Audiobooks