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Million-Dollar Makeover - Jay-Z and his partners pumped $10 million into the club upgrades that include a new restaurant and updated, state-of-the-art technology. Hov told Rolling Stone about the work done by designer Jeffrey Beers, and particularly pointed out the "beautiful chandeliers and rooms upstairs. I wanted to retain the feel of a clubhouse, a relaxed place to interact with friends." (Photo: Theo Wargo/Getty Images)

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Gold Bottles and Ace of Spades - The new father balled so hard and popped dozens of bottles of his favorite champagne with a revolving group of celebrity friends at his upstairs table, including Swizz Beatz, DJ Khaled, Wale, Teyanna Taylor, Russell Simmons and players from the New York Knicks. Although the fellas were in the club zone, everyone softened up and stopped to dap the new father when the DJ played Beyoncé’s “Love on Top.” (Photo: Theo Wargo/Getty Images)

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Proud Papa - Jay strutted into the club in a slimming, tailored suit. Who needs security with that look of authority? He passed on being escorted to his VIP table and instead made his own way through the club, causing a frenzy amongst guests who snapped pictures and yelled out congratulations. (Photo: Neilson Barnard/Getty Images)

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Ashanti - The songbird stunned in a floor-length Marc Bouwer gown for the dressy fete. When the night was over, she Tweeted a picture of herself and Jay-Z and said “Had a blast @ the 40/40 re-launch..looks dope! S/0 2 Hov lookin like a proud dad!! :)”   (Photo: Neilson Barnard/Getty Images)

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Questlove - The Roots drummer arrived in a preppy sweater and button-up combo and spectacles. He Tweeted hilarious updates while waiting in a long line to recover his coat at the end of the night, including, “Ok, I think I'm watching the Real Housewives of 40/40's coat check room. 6 chicks bout to take earrings off and apply Vaseline & throw down.” Yikes! (Photo: Neilson Barnard/Getty Images)

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K. Foxx - The Hot 97 radio personality toughened up a purple and black skirt with a leather jacket and platform boots. (Photo: Neilson Barnard/Getty Images)

Photo By Photo: Neilson Barnard/Getty Images

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Rico Love - Heavyweight producer Rico Love rolled up to the club in a fly leather jacket layered over a hoodie and jeans and topped off with shades and a Jesus piece (Kanye would be proud).  (Photo: Neilson Barnard/Getty Images)

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Spike Lee - Although the dress code called for black tie, the director represented his city and stayed warm in the frigid concrete jungle streets wearing head-to-toe New York Giants gear. (Photo: Neilson Barnard/Getty Images)

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Wale - The DC native rapper was a casual cutie during the night in a denim look with a flannel shirt and vest and his locs pulled up into a ponytail. (Photo: Neilson Barnard/Getty Images)

Photo By Photo: Neilson Barnard/Getty Images

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James Anderson - Carolina Panthers football star James Anderson opted for a grey blazer with a black button-up for a fresh take on suit style. (Photo: Neilson Barnard/Getty Images)

Photo By Photo: Neilson Barnard/Getty Images

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Damaris Lewis - Hot legs! The model gave a peek of her enviable figure in an elegant black gown with a sassy slit. (Photo: Neilson Barnard/Getty Images)

Photo By Photo: Neilson Barnard/Getty Images

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The 1% - Warren Buffett (yes, you read right!) shook hands with Jay-Z, whom he’s done business with in the past, but when the music got going the billionaire tickled guests by dancing and throwing up the Roc symbol. (Photo: Theo Wargo/Getty Images)

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Swizz Beatz and Grandmaster Flash - These artists kept it trendy, coordinating hats with their black and green looks. (Photo: Johnny Nunez/WireImage)

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Selita Ebanks - The gorgeous model (who arrived with Terrance J and stayed by his side all night) rocked the club in a taupe gown and color-coordinating fur with drop earrings and red lips. (Photo: Johnny Nunez/WireImage)

Photo By Photo: Johnny Nunez/WireImage

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Russell Simmons and Jay-Z - Uncle Rush made a beeline to greet his pal, and the two shared a lengthy conversation in the VIP section. (Photo: Johnny Nunez/WireImage)