As the nation prepares for Thanksgiving, President Joe Biden and his family prepare to land on their longtime vacation spot: Nantucket Island.
But this year, the Biden family won’t be crashing anywhere; they will gather at the luxury retreat of none other than private equity tycoon David Rubenstein.
For more than four decades, the Biden family has made ritual pilgrimages to this coastal paradise, often settling in the sprawling Rubenstein estate — valued at $38.9 million, according to the latest appraiser’s report — located along Nantucket Harbor.
The president, who just celebrated his 81st birthday, is no stranger to island vacations, having frequented the Rubenstein estate over the years.
Biden’s official agenda remains largely blank, so insiders expect a relaxed stopover — massive security presence aside, of course.
Aside from his scheduled chat with US military personnel on Turkey Day, Biden may stroll downtown on Friday and reportedly has plans to cap off the day at the annual Main Street tree lighting, as he did last year with his wife Jill and members of the another family. behind.
Rubenstein’s Paradise, located at Abrams Point, is no ordinary retreat.
President Joe Biden boarded Air Force One as he headed to Nantucket on Tuesday, Nov. 21. 2023, at Andrews Air Force Base, MD.AP David Rubenstein built the Nantucket home from the ground up after purchasing the farm in 1998. Patriot Pics / BACKGRID The oceanfront property sits on 13.9 acres of land. Google Maps Joe Biden watches the Christmas tree lighting ceremony with first lady Jill Biden, son Hunter, grandson Beau and daughter-in-law Melissa Cohen in Nantucket on November 25 last year. AFP via Getty Images President Joe Biden, first lady Jill Biden and their daughter, Ashley, leave Nantucket Bookworks after lunch in Nantucket, Massachusetts, on November 25, 2022. AFP via Getty Images
Acquired in ’98 for a cool $8 million, the estate spans 13.9 acres, with an opulent 8,000-square-foot domicile originally built for Rubenstein and his ex-partner, Alice.
The complex has expanded to include five additional structures, featuring guest houses and a magnificent pool pavilion along the secluded and charming Rabbit Run.
Despite his amazing scenery that painted the canvas of sunrises and sunsets, Rubenstein, a man of industry, joked with a stone in his yard that boldly declared: “I prefer to work.”
He admits he only spends 12 days a year in this beautiful residence, preferring the hustle and bustle of business to the quiet island life.
The ties between the Bidens and the island date back to the 70s when Biden was a senator, but their residence in the Rubenstein enclave is more recent, starting in 2014.
Joe Biden has spent every Thanksgiving at the Nantucket property for the past several years. Historical Society President H. Flint Ranney/Nantucket Biden and first lady Jill Biden walk with their daughter Ashley after lunch at the Brotherhood of Thieves in Nantucket last Thanksgiving.AP Joe and Jill Biden step out of St. Mary, Our Lady of the Isle Catholic Church after attending mass in Nantucket on November 26, 2022. AFP via Getty Images
Initially leased for an undisclosed sum, Rubenstein has now extended the ultimate gesture, gifting his luxury residence to the presidential family for their annual Thanksgiving celebration.
Although Rubenstein envisioned the estate as a summer retreat, his infrequent visits belied the grandeur of his aspirations.
Although he rarely visited the island, the influence of this extraordinary financier reverberated far beyond the shores of Nantucket. His name adorns a prestigious landmark in Washington, a testament to his deep connections and vast wealth, estimated at $4.5 billion.
A former adviser to President Jimmy Carter and a figure in the capital’s social stratosphere, Rubenstein’s legacy transcends mere property ownership.
David Rubenstein has hosted Biden at his Nantucket home every year for the past decade. CQ-Roll Call, Inc. via Getty Images
Its footprint pays homage to such venerable institutions as the National Museum of African American History and Culture, where the David M. Rubenstein History Gallery stands, and even the National Zoo, which features the David M. Rubenstein Family Giant Panda Habitat.
As Biden and company settled into their temporary island, the Rubenstein estate became a testament to the opulent and lavish lifestyles of Washington’s elite.
Nantucket home prices have skyrocketed exponentially in the past decade. Due to the recipe of high demand and low supply, real estate on the island has become a kind of top prize.
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Source: thtrangdai.edu.vn/en/
