Key Takeaways
- • President Biden and his family will spend Thanksgiving 2022 at private-equity billionaire David Rubenstein's $20 million waterfront estate in Nantucket, marking the second consecutive year at this location.
- • David Rubenstein, co-founder of The Carlyle Group with a net worth of $3.2 billion according to Forbes, hosts the Biden family at his sprawling Massachusetts island compound.
- • The Thanksgiving gathering represents a long-standing Biden family tradition on Nantucket dating back to the 1970s, with prior holiday stays at Rubenstein's property in 2014 (when Biden was Vice President) and 2021.
- • Biden indicated in early November that the upcoming holiday season would serve as a family forum to discuss his 2024 re-election decision, with plans to announce his choice in early 2025.
- • The Biden family will travel via Air Force One, remaining on the island from late Tuesday through Sunday of Thanksgiving week.
Summary
President Biden, First Lady Jill Biden, and other family members will spend Thanksgiving 2022 at a $20 million waterfront residence owned by David Rubenstein on Nantucket, Massachusetts. This marks the second consecutive year the presidential family has chosen to holiday at Rubenstein's sprawling property. The White House confirmed that the family would depart via Air Force One and remain on the island through Sunday, according to reporting from the Nantucket Inquirer and Mirror.
David Rubenstein, whose net worth is estimated at $3.2 billion by Forbes, is the co-founder of The Carlyle Group, one of the world's largest private-equity firms. Rubenstein has hosted the Biden family on multiple occasions, including Thanksgiving 2021 and 2014, when Biden served as Vice President. The Nantucket holiday gathering represents a multi-decade family tradition extending back to the 1970s.
The timing of this year's Thanksgiving visit holds particular significance given Biden's stated intention to use the holiday season for family deliberations regarding his 2024 re-election bid. In remarks on November 9, following the midterm elections, Biden told reporters: "My intention is that I run again. But I'm a great respecter of fate. And this is, ultimately, a family decision." He indicated that discussions between himself and the First Lady would likely occur during the holiday break, with an expected announcement on his candidacy targeted for early 2025. Biden acknowledged uncertainty regarding the timing but noted his hope to "sneak away for a week" between Thanksgiving and Christmas to facilitate these deliberations.
The composition of the broader Biden family attending the Nantucket celebration was not immediately disclosed by the White House at the time of reporting.
David Rubenstein, whose net worth is estimated at $3.2 billion by Forbes, is the co-founder of The Carlyle Group, one of the world's largest private-equity firms. Rubenstein has hosted the Biden family on multiple occasions, including Thanksgiving 2021 and 2014, when Biden served as Vice President. The Nantucket holiday gathering represents a multi-decade family tradition extending back to the 1970s.
The timing of this year's Thanksgiving visit holds particular significance given Biden's stated intention to use the holiday season for family deliberations regarding his 2024 re-election bid. In remarks on November 9, following the midterm elections, Biden told reporters: "My intention is that I run again. But I'm a great respecter of fate. And this is, ultimately, a family decision." He indicated that discussions between himself and the First Lady would likely occur during the holiday break, with an expected announcement on his candidacy targeted for early 2025. Biden acknowledged uncertainty regarding the timing but noted his hope to "sneak away for a week" between Thanksgiving and Christmas to facilitate these deliberations.
The composition of the broader Biden family attending the Nantucket celebration was not immediately disclosed by the White House at the time of reporting.
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