Beyoncé and Jay-Z Raise $4M for Obama

"Beyoncé couldn't be a better role model for our daughters," the president said. 

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President Obama's re-election campaign collected $4 million at a fundraiser hosted by Jay-Z and Beyoncé at the 40/40 Club last night, while the superstar couple collected accolades from the commander in chief. At the event, which each guest paid $40,000 to attend, the president said Malia and Sasha were jealous that they couldn't be there, and added, "Beyoncé couldn't be a better role model for our daughters."

He said the couple has been so generous to his children: "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."

Obama also said he and Jay-Z have a lot of common. "We both have daughters and our wives are more popular than we are. So, you know, we've got a little bond there. It's hard but it's okay."

Obama was more subdued while speaking at this event, though he hit many of his same themes.

"We've made history in the past and we're going to make history in the next seven weeks," he said.

Read more at the Hollywood Reporter.

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