Los Angeles is welcoming the Milken Institute Global Conference this week. 

Los Angeles is welcoming the Milken Institute Global Conference this week. 

Photographer: Ryan Herron/Getty Images 

The Big Take

Billionaires and CEOs Gather for Milken in a Reeling LA

The second-largest US city is bearing the brunt of climate, housing and political challenges, with tariffs and deportations threatening more pain.

This week’s Milken Institute Global Conference represents one of the greatest concentrations of investment capital on the planet, highlighting the power and prestige of the Los Angeles area.

With tickets starting at $25,000, the Beverly Hills confab attracts thousands of attendees eager to hear from titans of Wall Street, Washington and Hollywood. Speakers this year include US Treasury Secretary Scott Bessent, Nvidia Corp.’s Jensen Huang and Citigroup Inc.’s Jane Fraser, with Elon Musk, Ken Griffin and Rupert Murdoch recently added to the list of appearances.