Jay-Z & Beyonce's Obama Fundraiser: Hip-Hop's Royal Couple Will Host President At 40/40 Club

Jay-Z & Beyonce Hosting Obama Fundraiser
Entertainer Jay-Z reacts as his wife, Beyonce, left, looks on during the second quarter of an NBA basketball game between the New York Knicks and New Jersey Nets, Monday, Feb. 20, 2012, at Madison Square Garden in New York. (AP Photo/Bill Kostroun)
Entertainer Jay-Z reacts as his wife, Beyonce, left, looks on during the second quarter of an NBA basketball game between the New York Knicks and New Jersey Nets, Monday, Feb. 20, 2012, at Madison Square Garden in New York. (AP Photo/Bill Kostroun)

Further evidence Jay-Z and Beyonce are hip-hop royalty: The couple will host Barack Obama at Jay's own 40/40 Club.

The president is stopping by for a dinner, where Page Six reports he'll be joined by 100 friends who will have each paid $40,000 for the honor.

The couple's friendship with Obama goes all the way back to the president's inauguration. Jay-Z and Beyonce performed at a tribute concert honoring the newly elected commander-in-chief on the night before Obama took his oath of office.

Just one week ago, the president appeared in a video clip which opened Jay-Z's set at the Made In America festival in Philadelphia. Obama implored the crowd to vote and said he is a fan of the rapper's music.

Beyonce has also been involved with the Obama campaign. After a letter Beyonce posted on her blog went viral, the campaign tapped her to read the note -- an appreciation of Michelle Obama -- in a web video. The singer, flanked by both Tina Knowles and Jay-Z's mother, also attended a March fundraiser hosted by Michelle Obama.

The 40/40 fundraiser was scheduled for the evening of Sept. 18. For more information, head over to Page Six. More stars and politics below.

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