Brooklyn, rap star Fabolous has been named National Music Ambassador of the After-School All-Stars non-profit, which was founded former actor and current Governor of California, Arnold Schwarzenegger.

Fabolous teamed with the 2010 After-School All-Stars Benefit this morning and rang the NASDAQ stock market’s opening bell.

The rapper joins NBA stars LeBron James and Kobe Bryant as celebrity ambassadors for After-Scholl All-Stars, which Schwarzenegger founded in 1992.

Fab rang the NASDAQ bell along side After-School All-Stars CEO Ben Paul and Chairman Paul Wachter.

Earlier this week, Fabolous attended a benefit for After-School All-Stars at a swanky bash inside the Mandarin Hotel last week in Manhattan.

The benefit featured guests like Governor Schwarzenegger, Francois-Henry Bennahmias, the President and CEO of Audemars Piguet watches, and Grammy Award Winning & Oscar nominated songwriter Siedah Garrett.