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President Barack Obama Is Ringing In His 50th - It's Party Time!

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Aug. 3 2011, Updated 5:30 a.m. ET

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By Radar Staff

It's hard to believe that Barack Obama is turning the big 5-0 on Thursday!

The 44th President of the United States is celebrating the milestone on the eve of his actual birthday - and RadarOnline.com has all the details.

Obama chose his hometown of Chicago as the main celebration place and is using the event as part of his campaign fundraising efforts.

The President's party will take place at the Aragon Entertainment Center, a concert hall in the north side of the Windy City and the festivities will include performances by legendary jazz pianist Herbie Hancock and American Idol alum Jennifer Hudson.

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There will also be a super-exclusive dinner for 80-100 people.

Ticket prices for the soiree range from $50 to a whopping $35,800 and all proceeds will go to the Obama Victory Fund 2012.

Can't make it to Chicago in time for the birthday bash?  Never fear - The Democratic Party is hosting satellite events in Los Angeles, Tampa, Austin, Boston, Washington, New York and Oakland.

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