The big money behind the 12-12-12 concert

By Laurie Bennett

December 13, 2012 at 2:25am

The names behind the Hurricane Sandy benefit Wednesday night include some of the wealthiest, most powerful people in New York.

The event, featuring performances by Kanye West, Bruce Springsteen, Paul McCartney, Mick Jagger and other top musicians, raised money for victims of the storm.

Proceeds go to the Robin Hood Relief Fund, run by an appropriately named foundation that counts seven billionaires on its board.

Paul Tudor Jones II
Paul Tudor Jones II

The Robin Hood Foundation formed 25 years ago to fight poverty in New York City. Hedge funder Paul Tudor Jones II, who still serves as a director, put in $3 million to launch the group. In the years since, the foundation has distributed more than $1 billion.

Last year, it raised more than $158 million, about half of it from directors.

The board includes a few celebrities, such as NBC anchor Brian Williams and actress Gwyneth Paltrow. But the big money comes from names not as well known. In addition to Jones, the billionaire directors are:

    • Steven A. Cohen - hedge fund manager; founder of SAC Capital Advisors
    • Glenn R. Dubin - founder of Highbridge Capital
    • David Einhorn - hedge fund manager; founder of Greenlight Capital
    • Kenneth G. Langone - co-founder of Home Depot
    • Daniel S. Och - chairman and CEO of Och-Ziff Capital Management Group
    • David A. Tepper - hedge fund manager; founder of Appaloosa Management

Note: One of our Twitter followers points out the perhaps unexpected number of people on the Robin Hood board who made big contributions to Restore Our Future, the super PAC supporting Mitt Romney’s presidential run.

Here’s a Muckety map showing those connections:

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

 Read related stories: Recent Stories · Top one percent  


  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.

  • The enormity of the U.S. Intelligence Community
    February 16, 2017 at 8:58am

    As it struggles to assemble a cabinet and to replace a national security adviser who has resigned and a labor secretary nominee who has withdrawn, the Trump administration takes on a new challenge: stanching leaks from U.S. intelligence.

    Immigration ban strains Trump relations with Silicon Valley
    January 30, 2017 at 9:06am

    Seven weeks ago, the president-elect made nice with the titans of tech, sitting down with them at Trump Tower and pledging government support.

    Coming together
    January 22, 2017 at 1:25pm

    From above, from the bird’s eye view of helicopters or satellites, the crowd was massive.

    The Davos elite
    January 19, 2017 at 8:22am

    The annual meeting in Davos brings together the elite of business and foreign relations - the supposed antithesis of Donald Trump’s views on governance.

    In a typical cabinet, Elaine Chao would be one of the richest
    January 12, 2017 at 8:37am

    When critics complain about the big-money nominees in Donald Trump’s cabinet, they focus on billionaire investor Wilbur Ross (Commerce), Amway in-law Betsy DeVos (Education), former Exxon Mobil CEO Rex Tillerson (State) and Goldman Sachs alum Steve Mnuchin (Treasury).

    More stories →

Become a fan of Muckety on Facebook

  • Search for stories
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC