Jay Z, Beyonce to Host Fundraiser for President Obama

On the next leg of his celebrity studded fundraisers, President Obama will benefit from a fundraiser hosted by super couple Jay Z and wife Beyonce.

The event will take place at Jay Z's 40/40 club in NYC on Sept. 18.

"This has become a big year for my husband and me: We became parents. Now that we have more than our own future to worry about, the stakes in the election are even higher," Beyonce said in an email to supporters.

So what does it cost to lounge with three mega stars? A whopping $40,000 per ticket. Obama supporters were asked to donate to his campaign and they would be automatically entered for a chance to meet the hip hop superstars and the commander-in-chief. The winner and a guest will be flown to New York City and put up in a hotel.

The event is expected to be intimate and only 100 guests will be invited.

Earlier the same day, Obama is scheduled to attend a reception where families can pose for a photo with him for a $12,500 contribution.

Jay-Z and Beyonce performed at a tribute concert honoring Obama the night before he took his oath of office.

Beyonce performed "At Last" at the inaugural ball.

The president's reelection campaign has been garnering much celebrity support. Morgan Freeman donated $1 million to an Obama super PAC, expressing support for the administration's record on health care, financial reform, and decision to cease military operations in Iraq.

Comedian Bill Maher made a personal donation of $1 million to Obama's Super PAC, Priorities USA Action.