Hip-hop's royal couple will play host to the President at Jay-Z's 40/40 club, according to reports
According to the New York Post, 100 guests will pay $40,000 (£25,000) to dine with the President at the New York club to raise money for his re-election campaign.
Obama will stand against the Republican candidate Mitt Romney in the US presidential elections on November 6.
Jay-Z and Beyonce have been long supporters of Obama, playing at a tribute concert to the President in 2008 before he took his oath of office. Last week, Obama appeared in a video clip to open Jay-Z’s Made In America festival in Philadelphia, urging the crowd to go out and vote. Beyonce has also voiced her support for Michelle Obama.
Beyonce and Jay-Z are not the only musicians to get behind Obama’s 2012 re-election campaign. Last month, Brooklyn band The National played a rally for the incumbent president in Iowa.