HSAN Chairman Russell Simmons arrives at the Hip Hop Summit Action Network Inaugural Ball on Jan. 19, 2009 in Washington, DC.

*Russell Simmons will throw a second hip-hop ball to celebrate the genre’s influence in the re-election of U.S. President Barack Obama.

The music mogul organized the Hip-Hop Inaugural Ball after President Obama became the first African-American to be voted into the White House in 2008.

The event took place following Obama’s official inauguration ceremony in January, 2009, and it honored rappers T.I., LL Cool J and Young Jeezy for their work inspiring young people during the 2008 race.

After the President’s second win at the polls last month, Simmons has announced he will be hosting a second ball, set to take place at the Harman Center for the Arts in Washington, D.C on Jan. 20.

Ticket prices start at $500 and proceeds will benefit Philanthropik, an organization which encourages philanthropy.