Jay-Z, Beyonce Hosting Obama Fundraiser at 40/40 Club in NYC


The music industry's most famous couple will host the president next Tuesday.

President Obama is getting a little bit of help from his friends.

Already relying on Hollywood to deliver bundles of cash for his re-election bid, the president will now be feted at an event in New York City by Jay-Z and Beyonce, two long-time supporters and pals of the Obama family. The event, to be held next Tuesday at the rapper's upper crust 40/40 club, tickets will cost $40,000, and, according to the New York Post  be limited to 100 guests.

The campaign, in keeping with its emphasis on grassroots fundraising, is also offering small donation donors a chance to win a trip to New York to attend the event.

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Jay-Z and Beyonce have a long history with the Obamas; she sang at the president's inauguration, as well as hosted a fundraising dinner for him in March. More recently, Obama sent a video message to Jay-Z's music festival in Philadelphia.

The coupling of celebrities and grassroots donors has worked wonders for Obama; this summer, a contest to win a trip to a fundraiser hosted by George Clooney helped skyrocket the haul to around $15 million.