The Coachella of capitalism is back.
After repeatedly postponing its flagship event last year, the Milken Institute announced Thursday its Milken Institute Global Conference will return this fall to a fully in-person event from October 17-20 at the Beverly Hilton Hotel.
The conference normally takes place in May but as a crucial source of revenue to the non-profit organization – with ticket packages in the thousands of dollars and lucrative sponsorships – organizers did not want to wait another year to convene.
"We also look forward to the spring of 2022, when we will convene for the 25th annual Global Conference and expand on the issues discussed in October," Michael Klowden, CEO of the Milken Institute said in a statement. "The past year drove us to reflect on how we live, what we believe, and what matters most."
The gathering normally attracts 4,000 attendees from more than 70 countries to the Beverly Hilton to hear from luminaries from the worlds of finance, politics and medicine. Milken has a full-time staff of about 25 working on the conference year round and another 100 who pitch in once the date gets closer.
Even with vaccinations now open to anyone 16 years or older in California, many have expressed skepticism about returning to conferences after a year of social distancing and Zoom meetings. Almost half of respondents in the dot.LA VC Sentiment Survey said they do not think they want to go to a conference until the first half of next year.
California Gov. Gavin Newsom has said California will fully reopen June 15, as long as vaccines are available to anyone.
Vox Media's Code Conference also announced it will return in-person this Fall in Beverly Hills and that event will be held even earlier than Milken's, in September.