ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Biden spending Thanksgiving at lavish Nantucket home

President Biden and family have returned to Nantucket, Massachusetts, to spend the Thanksgiving holiday at a lavish mansion owned by billionaire David Rubenstein.

President Biden and his family have returned to their favorite Thanksgiving holiday haunt at the Nantucket home of billionaire David Rubenstein. 

Air Force One touched down at Nantucket Memorial Airport on Tuesday night, and the first family and their Secret Service detail immediately left for the 13,000-square-foot home at Rubenstein's 14-acre compound on Rabbit Run Road, the Nantucket Current reported. 

The Biden family will also celebrate the president's 81st birthday, which was Monday, with a traditional coconut cake, White House press secretary Karine Jean-Pierre told reporters on Monday.

Biden has a planned call with U.S. military service members on Thanksgiving Day, but there are no other public events on his schedule.

BIDEN ADMIN REACTS TO TEMPORARY CEASE-FIRE DEAL BETWEEN ISRAEL AND HAMAS, RELEASE OF HOSTAGES

On Friday, Biden is expected to visit downtown Nantucket for the annual tree lighting ceremony on Main Street – which will begin at 4 p.m. ET – as he has done for the past two years, the Nantucket Current reported.

The local newspaper said Biden's security entourage has been preparing the island for his visit over the past five days, with C-17 Globemasters and other aircraft delivering vehicles, equipment and supplies to Nantucket Memorial Airport. Many Massachusetts State Police Troopers arrived at the island by ferry on Monday, the report said, and hotels are filled with Secret Service agents, government staff and off-island media.

BIDEN'S BIRTHDAY PRESENT: ABYSMAL POLLS AND GROWING CONCERN ABOUT HIS AGE

Rubenstein, a friend of the Bidens whose net worth is estimated at over $3.5 billion, has offered his property to the family for their Thanksgiving celebrations since at least 2021, Forbes reported. The lavish coastal property on Abram's Point includes several guest houses, a tennis court, a hot tub, a pool and has an estimated total value of more than $34 million, according to the Nantucket Assessor's office. 

WATCH: WHITE HOUSE ISSUES STERN DEFENSE OF BIDEN'S ‘STAMINA’ ON 81ST BIRTHDAY AMID GROWING AGE CONCERNS

The billionaire bought the property in 1998 for $8 million with his ex-wife, Alice, and has since expanded the compound with five additional structures for house guests. 

Rubenstein is co-founder and co-chairman of The Carlyle Group, one of the world's largest private equity firms with over $382 billion in assets globally across 29 offices worldwide. He is not a major political donor, but before his career in the private sector, he worked as an adviser to former President Carter, Forbes reported. He is currently chairman of the John F. Kennedy Center for the Performing Arts. 

Biden's Thanksgiving vacation in Nantucket comes after the White House helped broker a deal between Israel and the terrorist group Hamas for the release of hostages. 

CLICK HERE TO READ MORE ON FOX BUSINESS

Qatari negotiators helped broker the deal, which included Israel's military agreeing to temporarily stop its airstrikes and ground invasion of Gaza for humanitarian purposes. Additionally, Hamas has agreed to release dozens of hostages in tandem and Israel has agreed to release Palestinian prisoners on a 3-to-1 ratio. Hamas leaders said they will release one hostage for every three Palestinians that Israel releases from its prisons.

Biden welcomed the release of hostages after Hamas' "brutal assault" on Israel on Oct. 7, saying that he is "extraordinarily gratified that some of these brave souls, who have endured weeks of captivity and an unspeakable ordeal, will be reunited with their families once this deal is fully implemented."

Fox Business' Peter Aitken and Landon Mion contributed to this report.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.