After an appearance on the Late Show With David Letterman in New York on Tuesday, President Barack Obama picked up a cool $4 million at a fundraiser hosted by Jay-Z and Beyoncé. One hundred donors came out to Jay-Z’s 40/40 club, and each guest paid $40,000 to attend the event.”I can’t tell you how proud we are to host tonight’s event with President Obama,” Beyoncé, wearing a red cocktail dress, told the crowd. “We believe in his vision.” No Cameras or mic’s were allowed inside, but the President posted the photo above on his Twitter account.

[ Spotted over at Billboard ]