*Hip Hop’s first couple, Jay-Z and Beyonce, will host President Barack Obama at Jay’s own 40/40 Club in New York next week as a fundraiser for his reelection campaign.

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The president is stopping by for a dinner, where Page Six reports he’ll be joined by 100 friends who will have each paid $40,000 for the honor.

The couple’s friendship with Obama goes back to the president’s inauguration. Jay-Z and Beyonce performed at a tribute concert honoring the newly elected commander-in-chief on the night before Obama took his oath of office.

Just one week ago, the president appeared in a video clip which opened Jay-Z’s set at the Made In America festival in Philadelphia. Obama implored the crowd to vote and said he is a fan of the rapper’s music.

Beyonce has also been involved with the Obama campaign. After a letter Beyonce posted on her blog went viral, the campaign tapped her to read the note — an appreciation of Michelle Obama — in a web video. The singer, flanked by both Tina Knowles and Jay-Z’s mother, also attended a March fundraiser hosted by Michelle Obama.

The 40/40 fundraiser s scheduled for the evening of Sept. 18.