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Obama on Jay-Z: We have a lot in common

President Barack Obama joked with Jay-Z "We both have daughters, and our wives are more popular than we are” at NYC fundraiser.

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US President Barack Obama speaks during a Labor Day campaign event September 3, 2012 at Scott High School in Toledo, Ohio. (Mandel Ngan/AFP/Getty Images)

President Barack Obama says he and Jay-Z have a lot in common.

Obama joked with Beyonce’s husband, “Jay-Z now knows what my life is like... We both have daughters, and our wives are more popular than we are,” the New York Daily News reported.

“So we’ve got a little bond there,” Obama said. “It’s hard, but it’s okay. It’s okay.”

The President made the remarks at a New York City fundraiser Beyonce and Jay-Z threw at the 40/40 club on Tuesday.

More from GlobalPost: Jay-Z, Beyoncé host Obama dinner for $40,000-a-ticket

"Beyonce could not be a better role model for my girls," Obama added, Politico reported.

The evening raised $4 million for the Obama-Biden campaign; 100 people paid $40,000 a ticket.

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

http://www.globalpost.com/dispatch/news/politics/elections/120919/obama-jay-z-4m-fundraiser-nyc