PICS: See what Beyonce wore to host lavish Obama fundraising bash

Beyonce dazzled as she and Jay-Z rubbed shoulders with the President at an exclusive fundraising event in New York

Beyonce Knowles was the picture of elegance as she and husband Jay-Z hosted a fundraising event for Barack Obama in New York City.

Beyonce has posted a photograph on her official website of her and Jay-Z chatting with the President at the lavish bash the couple held to help raise funds for Obama's re-election campaign on Tuesday night.

And help they did. Beyonce and Jay-Z raised $4 million to help ensure they see Barack Obama remains in the White House come the elections in November.

BEYONCE AND JAY-Z RAISE $4 MILLION FOR OBAMA

Dressed in a striking red gown, with her cascading curls swept over in a side parting, Beyonce beamed as Obama nattered away inside the 40/40 nightclub that Jay-Z owns.

As she introduced the President to the 100 well-heeled guests, who had all paid $40,000 for a ticket, Beyonce said: 'I can’t tell you how proud we are to host tonight’s event with President Obama. We believe in his vision.'

When he took the stage, Mr. Obama gushed over his celebrity pals, saying: 'To Jay and Bey, thank you for your friendship.'

Before going on to praise Beyonce for being such a wonderful role model for his daughters, Malia and Sasha.

Obama has attended his fair share of celebrity fundraises in the run up to the November elections, including one at George Clooney's home in Los Angeles.

Last night, Gwyneth Paltrow threw a fundraising event across the pond in London, which was attended by Cameron Diaz, Anna Wintour and Tom Ford.

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CAMERON DIAZ AND GWYNETH PALTROW ATTEND OBAMA FUNDRAISER IN LONDON

MICHELLE OBAMA'S MOVING SPEECH AT THE DEMOCRAT CONVENTION