Concert raises $50 million for Hurricane Sandy victims

The money raised during the 12-12-12 all-star concert will go to roughly 160 aid groups to help those who lost their homes or businesses as a result of Hurricane Sandy.

The all-star 12-12-12 concert featuring Sir Paul McCartney, Bruce Springsteen and Alicia Keys, raised $50 million for the victims of Hurricane Sandy

The epic gig at New York City's Madison Square Garden brought out some of music's greatest legends, including Bon Jovi, Billy Joel, Eric Clapton, The Rolling Stones and The Who.

The six-hour show was broadcast live on U.S. television, and online across the world, to an estimated two billion people. Viewers called in to make donations, with actors such as Susan Sarandon, Ben Stiller, Whoopi Goldberg and Jeremy Piven helping to man the phones.

Now organizers have revealed the program was a major success, bringing in an estimated $30 million from initial ticket sales and corporate sponsors, and another $20 million from viewers' donations and the sale of merchandise, according to the New York Times. The money will be given to the Robin Hood Relief Fund and distributed to roughly 160 groups providing aid to those whose homes and businesses were destroyed when the post-tropical cyclone struck America's North East in Oct. 12.

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