250 guests, including fashion maven Anna Wintour and actress Salma Hayek, entered the palatial home of Will & Jada Smith for a luncheon with Michelle Obama. Nick Cannon was seen exiting the event allegedly paying $40,000 for face time with the First Lady. Click below for more info.

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Democratic pals of first lady Michelle Obama held a fundraising luncheon Thursday at the home of outspoken presidential supporter Jada Pinkett Smith and her husband Will. Smith hosted the event with Kawanna Brown, COO of Magic Johnson Enterprises; Rebecca Carter, wife of Lady Gaga’s manager Troy Carter; Salma Hayek and Mai Lassiter, wife of Will Smith’s production partner, producer James Lassiter.

Vogue editor Anna Wintour, Demi Moore and Katy Perry were also among the 250 people who attended the three-hour lunch catered by the Los Angeles restaurant Tavern in an outdoor tent to raise a record $2.1 million for President Obama’s re-election bid.

People