Sun, 12 May 2013 14:35 UTC
WCBD confirmed the American business magnate is at the Sanctuary on Kiawah Island.
Suspicion was raised when nearly 20 very expensive jets were seen lined up at the Charleston International Airport on Johns Island.
Officials with the Beach Company confirmed to WCBD that other big names such as New York Mayor Michael Bloomberg, TV host Oprah Winfrey and billionaire Warren Buffet flew into the Charleston Executive airport on Johns Island Wednesday night.
Other prominent people said to also be staying there this weekend are Jeb Bush and Dan Gilbert, owner of the Cleveland Cavaliers.
The meeting rented out the entire Sanctuary Hotel on the gated island. Security has been high throughout the entire week, keeping the public away from the hotel.
WCBD spoke to the Mayor of Kiawah by phone who said the town is happy to serve as host to the event.
"We wish them luck with what they're doing," Mayor Charles Lipuma said. "If they want to play golf, they couldn't have picked a better weekend. We are glad we could offer them great weather."