Jay-Z and Beyonce Hosting Obama Fundraiser

Obama's iPod: From Jay-Z to John Coltrane

The Throne is watching out for the White House.

Jay-Z and Beyonce will host a fundraiser for President Barack Obama, according to the New York Post, which reported that the 100-person event will cost $40,000 a ticket.

The fundraiser will go down at Jay's 40/40 Club on Sept. 18.

President Obama made a surprise appearance via video at the MC's Made in America Festival in Philadelphia over the Memorial Day weekend. His ties to the hip-hop community remain strong, with Snoop Lion recently endorsing his re-election -- though Nicki Minaj recently rapped that she'd be voting for Republican nominee Mitt Romney before tweeting that she'd been joking.

"Thank you for understanding my creative humor & sarcasm Mr. President, the smart ones always do…," she tweeted.

The presidential election will happen Nov. 6.