According to Rap-Up:
Beyoncé and Jay-Z showed their support for President Obama by raising $4 million for his re-election campaign at an exclusive fundraising event last night in New York City.
According to The Hollywood Reporter, attendees shelled out $40,000 a pop to mingle with the President and the superstar couple at Jay-Z’s “40/40″ club. The glitzy event featured a tower of 350 Armand de Brignac champagne bottles.
Beyoncé performed for the First Couple during their first dance at the inaugural ball and has worked closely with First Lady Michelle Obama on the “Let’s Move” initiative to fight childhood obesity.