JAY Z RAISES MORE THAN A MILLION FOR THE SHAWN CARTER FOUNDATION!

Jay-Z doesn't just run this town. He runs a mean carnival, too.

The hip-hop mogul took over Pier 54 on Manhattan's West Side Thursday night and threw a lavish Coney Island-style soiree that raised a whopping $1.033 million for his Shawn Carter Foundation in just four hours.

Hova managed to have fun at his own party, too. After winning a pricey watch in a dart game, the rapper held hands with expectant wife Beyoncé as they took a romantic spin on a Ferris wheel.

The party was well underway when Beyoncé joined him at the pier party, which featured rides, sideshow attractions, games, lavish prizes and gourmet food that average carnies never taste.

Flanked by heavy security, the pregnant pop star - now both booty-ful and belly-licious - coaxed Jay onto the Ferris wheel.

One partygoer says that as the ride began its ascent, Beyoncé seemed to register a moment of concern, and her protective spouse instructed the wheel operator to "slow it down."

The source also noted that when Jay was with his wife and her precious cargo, the cigar in his mouth was unlit, presumably out of deference to her and a healthful pregnancy.

Earlier that night, Jay mingled with a crowd that included marketing guru Steve Stoute, NYPD Police Commissioner Ray Kelly, singer Estelle and Yankees Alex Rodriguez and CC Sabathia, even though their American League Division Series opener was the following day.




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