David M. Rubenstein is a Co-Founder and Co-Chairman of The Carlyle Group, one of the world’s largest and most successful private investment firms. Mr. Rubenstein co-founded the firm in 1987. Since then, Carlyle has grown into a firm managing $260 billion from 29 offices around the world.
The Rubenstein home is valued at $12 million, with the property valued at $30 million.
“The First Family will stay at the home of their friend, David Rubenstein, as they have done previously,” said the White House in a statement.
“This is a time to put politics aside, spend time with your loved ones and talk about what you’re grateful for,” White House press secretary Jen Psaki said about the holiday.
When asked by a Fox News reporter about how it will look that the President is spending the holiday at the $30 million home of a billionaire, Psaki responded “you are President no matter where you are.”
Mr. Rubenstein is Chairman of the Boards of the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, and the Economic Club of Washington; a Fellow of the Harvard Corporation; a Trustee of the National Gallery of Art, the University of Chicago, Memorial Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Institute for Advanced Study, the National Constitution Center, the Brookings Institution, and the World Economic Forum; and a Director of the Lincoln Center for the Performing Arts and the American Academy of Arts and Sciences.
Mr. Rubenstein is a member of the American Philosophical Society, Business Council, Harvard Global Advisory Council (Chairman), Madison Council of the Library of Congress (Chairman), Board of Dean’s Advisors of the Business School at Harvard, Advisory Board of the School of Economics and Management at Tsinghua University (former Chairman), and Board of the World Economic Forum Global Shapers Community.