By Jeff Labrecque
Updated September 19, 2012 at 01:42 PM EDT
Toby Melville/Getty Images

After sitting with David Letterman yesterday, President Obama capped the evening with Beyoncé, Jay-Z, and about 100 wealthy supports who each paid $40,000 for the privilege of his company. The fundraiser, held at Jay-Z’s 40/40 Club, raised approximately $4 million for the president’s re-election campaign and the Democratic Party. The president thanked his hosts and joked that Jay-Z and he have a lot in common. “We both have daughters and our wives are more popular than we are.”

The high-powered hip-hop couple has been public supporters of the president since 2008, with Beyoncé singing at the 2009 inauguration. Obama attended the event solo and said that his wife and two daughters were especially disappointed not to make this particular event. “Beyoncé couldn’t be a better role model for our daughters because she carries herself with such class and poise and has so much talent,” he said.

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