(AllHipHop News) Tonight (September 18), President Barack Obama is headlining Jay-Z and Beyonce's 100-person fundraising event at Jay-Z's 40/40 Club near Madison Square Park in the Chelsea district of New York City.

Tickets were reportedly $40,000 per attendee as proceeds will be benefiting the Obama Victory Fund, a fundraising account of the Obama campaign and the Democratic National Committee.

In addition to another event that Obama is hosting this evening, the Obama campaign expects to raise over $5 million today in support is his re-election bid.