President Joe Biden will be spending Thanksgiving at the home of a billionaire businessman in Nantucket Island, Massachusetts in lieu of reviving a family tradition of spending the holiday on the island.

It is known that President Joe Biden and the First Lady Jill Biden will travel to the house of David Rubenstein, a billionaire businessman and co-founder of a global investment firm, Carlyle group.

The President and the First Lady will have their Thanksgiving dinner at the home of the billionaire.

According to Forbes, Rubenstein’s worth is around $4.5 billion. He will not be part of the Thanksgiving dinner as he is reportedly abroad on a business trip.

Rubenstein served as a White House official under the tenure of ex-president Jimmy Carter before going for his own private business.

According to the White House, the Bidens and their extended family members, which includes their grandchildren, will be spending a holiday at Nantucket island.

“The First Family will stay at the home of their friend, David Rubenstein, as they have done previously.” The first family landed in Nantucket Island on Tuesday, stated the White House.

The trip is said to be a revival of a longstanding family tradition of traveling all the way to Nantucket Island for the Thanksgiving holiday. The tradition is said to begin in 1975.

President Biden was a senator at that time and used to receive several invites to attend thanksgiving dinners.

According to the memoir, “Promise Me, Dad,” published in 2017, Biden to the advice of his Chief of Staff Wes Barthelmes of having a “nuclear thanksgiving” which means involvement of the immediate family only.

It is said that the Bidens have spent almost every thanksgiving at the Nantucket since 1975 with the exception of 2015 when Beau Biden, son of President Joe Biden died and then in 2020 because of the coronavirus pandemic.

Biden described the trip to Nantucket as “a constant in our grandchildren’s lives from the time they were aware, and they made it clear how much it meant to them.”