Jay-Z, Beyonce Host NYC Fundraiser For President Obama

The celebrity-in-chief was back in the Big Apple on Tuesday evening, this time hobnobbing with music industry power couple Jay-Z and his wife Beyonce Knowles.

Or simply “J and B”, to President Barack Obama.

The two world-renowned entertainers were the hosts of an exclusive fundraiser at New York City’s trendy 40/40 Club.

President Obama opened his remarks on a light note, thanking his hosts while also pointing out that hip-hop mogul Jay-Z “now knows what my life is like.”

“We both have daughters, and our wives are more popular than we are – so we’ve got a little bond there.

“It’s hard, but it’s okay.”

Obama also had nice things to say about Beyonce, saying she “could not be a better role model for my girls.”

The relaxed president also joked that his family – First Lady Michelle Obama and daughters Sasha and Malia were mad at him “because they aren’t here.”

Beyonce, a platinum-selling singer, serenaded the president and First Lady at a ball following his inauguration on Jan. 20, 2009.

The event drew roughly 100 donors in suits and dresses, all of whom ponied up $40,000 apiece to sit on sofas in a large, dark glassy room. Small tables of wine, champagne and finger food, including sliders, were in front of them.

Beyonce, wearing a red cocktail dress, and Jay-Z, in a suit, introduced the president.

“I can’t tell you how proud we are to host tonight’s event with President Obama,” she said. “We believe in his vision.”

Obama was quick to thank the power couple when he took the stage.

“To J and B, thank you so much for your friendship,” he said.

Tuesday’s soiree was the latest in a string of fundraisers with east- and west-coast celebrities, including George Clooney, Sarah Jessica Parker and Anna Wintour.

Obama was more subdued than he has been at recent public events, speaking seriously about the choice voters face this fall as they decide whether to give him a second term or elect Republican Mitt Romney. It is a choice, he said, that will determine the long-term direction of the country.

Democracy needs journalism it can trust.

This election season, the stakes are higher than usual — and so is the pressure on newsrooms to soften their coverage, stay quiet, or just disappear. Independent reporting, the kind that answers to readers instead of advertisers or political pressure, matters more in a moment like this, not less.

For over 14 years, Atlanta Black Star has stayed independent and reader-funded. We have no corporate owner and no shareholders telling us what to cover or how to cover it. That independence is also our biggest vulnerability: nothing protects it except readers choosing to fund it directly.

Newspaper ad revenue has fallen more than 80% since 2005, and local newsrooms are closing at a rate of roughly two a week nationwide. When outlets go under in a moment like this, it's rarely the independent, reader-funded ones that get to stick around.

We know a request for support isn't why you came here. But without readers choosing to fund this work directly, the depth of reporting we can do at home and abroad shrinks along with everyone else's. If you're not in a position to give, that doesn't change how much we value you as a reader.

If you are able to, a recurring contribution does more for us than a single one-time gift, because it lets us plan the next investigation instead of just the next invoice. It takes about 30 seconds, no long form, no account. Thank you for continuing to support independent journalism and freedom of the press.

Back to top