President Biden rents Lake Tahoe dwelling from 2020 main foe Tom Steyer

By Jordan Fabian | Bloomberg

President Joe Biden and his household are vacationing at a Lake Tahoe dwelling belonging to billionaire Tom Steyer, whom Biden defeated within the 2020 Democratic presidential race.

The non-public dwelling, owned by Steyer and his spouse Kat Taylor, is situated within the Glenbrook group on the east aspect of the lake, a well-liked vacationer vacation spot straddling California and Nevada. The Bidens are renting the home “for truthful market worth,” the White Home stated in a press release.

Steyer is an investor, environmental activist and Democratic megadonor. He suspended his presidential marketing campaign in February 2020 after putting a distant third within the South Carolina Democratic main gained by Biden.

The Tahoe house is situated in a gated neighborhood. The median itemizing dwelling value in July in Glenbrook was $8.4 million, based on Realtor.com.

The president and first woman Jill Biden plan to spend the week at Lake Tahoe with their household. They arrived late Friday on Air Drive One after President Biden hosted a summit assembly at Camp David with the leaders of Japan and South Korea, and plan to depart subsequent Saturday.

A number of Biden family — together with his daughter Ashley, grandchildren Maisy and Naomi and the latter’s husband, Peter Neal — additionally flew on the presidential jet. Biden’s son Hunter, his spouse Melissa Cohen and their son Beau had been already on the dwelling when the president landed, based on the White Home.