Jay-Z & Beyonce Host Lavish Fundraiser for President Obama

In the heat of campaign season, Jay-Z and Beyonce Knowles were the gracious hosts for the President Barack Obama fundraiser on Tuesday night (September 19).

The event was held at the lavish 40/40 club in New York City and the couple reportedly raised $4 million for the campaign by charging an astonishing $40,000 per ticket.

"To J and B, thank you so much for your friendship," the president said. “Beyoncé could not be a better role model for my girls because she carries herself with such class and poise and has so much talent.”

President Obama went on to add, "We both have daughters and our wives are more popular than we are," Obama said, referring to the hip-hop couple's young daughter Blue Ivy Carter. "So, you know, we've got a little bond there. It's hard but it's OK."

The president has had an on-going relationship with the power couple. He’s continuing his rounds by making an appearance at a fundraiser hosted by Beyonce’s buddy Gwyneth Paltrow this evening.