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Shari Redstone flashes big smile as she jets into Sun Valley for ‘summer camp for billionaires’ after Paramount deal

Billionaire Shari Redstone was all smiles on Tuesday as she jetted off to Sun Valley, Idaho, with other business, tech and media moguls ahead of Allen & Company’s annual “Billionaires Summer Camp.”

Mr. Redstone, looking energetic in a red blazer and sunglasses, was one of the first to arrive at the conference, known as a hotbed of private dealmaking, where bigwigs gather for informal meetings over several days at a luxury ski resort.

Ahead of the conference, the media heiress made headlines on Monday when she agreed to sell a controlling stake in entertainment giant Paramount Global to David Ellison’s Skydance Media for $2.4 billion in a deal.

“Together we’re going to save the world!” Redstone, 70, shouted to a scrum of media upon his arrival. Bloomberg reporter Michelle Davis.

Shari Redstone arrives at the annual Allen & Company Sun Valley Media and Technology Conference at Sun Valley Resort. Reuters

Other notable early arrivals reportedly include Disney CEO Bob Iger, New England Patriots owner Robert Kraft and supermodel Karlie Kloss, whose husband Josh Kushner heads venture fund Thrive Capital.

On the main “fly-in” day, Tuesday, the usual line of private jets packed the runway at tiny Friedman Memorial Airport in the town of Hailey, Idaho, a short drive from Sun Valley Lodge.

More than 165 private jets are expected to arrive at the airport in one day, according to data from tracking site FightAware. Insider Quotes.

The list of arriving planes included corporate jets owned by Nike and InveMed Securities, founded by billionaire CEO Ken Langone.

Shari Redstone
Redstone’s National Amusements has agreed to sell to Skydance Media. Getty Images

The Sun Valley guest list includes executives from some of the world’s most influential technology companies, including OpenAI CEO Sam Altman, Apple CEO Tim Cook, Google CEO Mark Zuckerberg and Google CEO Sundar Pichai.

Elon Musk, who has attended the conference many times in the past, is not expected to attend.

So has Warren Buffett, 93, the longtime CEO of Berkshire Hathaway, who has cut back on his travels in recent years.