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Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

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FinanceBillionaires

Photos: Tim Cook, Sam Altman and Silicon Valley’s elite arrive at the ‘summer camp for billionaires’

Emily Steinberger
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Emily Steinberger
Emily Steinberger
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Emily Steinberger
By
Emily Steinberger
Emily Steinberger
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July 9, 2025, 2:18 PM ET
Apple CEO Tim Cook first attended the Sun Valley Conference in 2012 and has been a consistent attendee ever since, save for a few years during the COVID-19 pandemic.
Apple CEO Tim Cook first attended the Sun Valley Conference in 2012 and has been a consistent attendee ever since, save for a few years during the COVID-19 pandemic.David Paul Morris—Bloomberg/Getty Images
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Within the resort town of Sun Valley, Idaho, a small group of the world’s richest people are beginning to gather for Allen & Company’s annual Sun Valley Conference. The four-day retreat, known informally as “summer camp for billionaires,” is full of opportunities for powerful figures to schmooze, network, and make deals.

Among this year’s cohort are tech tycoons Tim Cook of Apple, Sam Altman of OpenAI, and Andy Jassy of Amazon. Bob Iger and Michael Eisner, the current and former CEOs of Disney, respectively, are also in attendance, as well as General Motors CEO Mary Barra. The conference has no shortage of political presence, too: Ivanka Trump and Jared Kushner are both present at the conference this year.

Some of the camp’s usual suspects, including Meta’s Mark Zuckerberg, Microsoft’s Bill Gates, and Amazon’s Jeff Bezos (who had his Venetian “Wedding of the Century” not too long ago) have not yet been spotted, though they were reported to have been invited to this year’s conference, according to Variety. Additionally, Tesla’s Elon Musk wasn’t on the invite list, and Berkshire Hathaway’s Warren Buffett, who announced his retirement earlier this year, won’t be in attendance.

Sam Altman, the CEO of OpenAI, speaks to members of the media after arriving in Sun Valley, Idaho. The Sun Valley Conference is notoriously private and is known as a breeding ground for big deals between companies.
Kevin Dietsch—Getty Images
The Sun Valley Lodge is seen as it holds the Allen & Company Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho.
In 2021, the total wealth of those attending the conference was reportedly more than $1 trillion.
Kevin Dietsch—Getty Images
Andy Jassy was first reported attending Sun Valley Conference in 2021, shortly after he became Jeff Bezos’s successor as CEO of Amazon.
Kevin Dietsch—Getty Images
Bob Iger, the current Disney CEO, arrives at Sun Valley Lodge. Sun Valley is reportedly the location where the merger between ABC and Disney went down back in 1995. Then-CEO Michael Eisner—who is in attendance this year, too—met up with Capital Cities Chairman Thomas S. Murphy, according to the Los Angeles Times, and the rest was history.
Kevin Dietsch—Getty Images
Mary Barra, the CEO of General Motors, waves after arriving in Sun Valley, Idaho, for the annual conference, which she has attended in previous years.
Kevin Dietsch—Getty Images
Ivanka Trump and Warner Bros. Discovery CEO David Zaslav are both in attendance at this year’s conference.
Kevin Dietsch—Getty Images
Jared Kushner, Ivanka Trump’s husband and former senior advisor to Donald Trump, arrives at the Sun Valley Conference this year along with his wife.
David Paul Morris—Bloomberg/Getty Images
Venture capitalist and LinkedIn co-founder Reid Hoffman and former Yahoo CEO Jerry Yang walk together at Sun Valley Lodge. Only 35 guests attended the inaugural conference back in 1983.
Kevin Dietsch—Getty Images
Uber CEO Dara Khosrowshahi walks with Walmart CEO Doug McMillon at Sun Valley Lodge. Khosrowshahi’s brother, Kaveh Khosrowshahi, is a managing director at Allen & Company, which hosts the conference.
Kevin Dietsch—Getty Images
Netflix CEO Ted Sarandos arrives at Sun Valley Lodge for Allen & Company’s annual conference. Although the conference’s agenda is not public, it features activities including hiking, rafting, and golfing.
Kevin Dietsch—Getty Images
Satya Nadella, the CEO of Microsoft, arrives in Idaho for the Sun Valley Conference.
Kevin Dietsch—Getty Images
Alex Norström, Spotify’s Co-President and Chief Business Officer, is also in attendance at this year’s Sun Valley Conference.
Kevin Dietsch—Getty Images
Gayle King, co-host of CBS Mornings and editor-at-large of Oprah Daily, attends the Sun Valley Conference. Oprah Winfrey, who had attended the Sun Valley Conference in the past, was not included on the invite list this year, according to Variety.
David Paul Morris—Bloomberg/Getty Images
Bill McDermott, CEO of ServiceNow Inc., arrives at the Sun Valley Conference.
David Paul Morris—Bloomberg/Getty Images
Coinbase CEO Brian Armstrong first attended the Sun Valley Conference back in 2021.
Kevin Dietsch—Getty Images
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Emily Steinberger
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