The International Olympic Committee (IOC) President Jacques Rogge announced in Copenhagen Friday that Rio de Janeiro was elected as host city for the 2016 Olympics.

Rio beat Madrid, Chicago, and Tokyo, finally winning the bid after failed attempts in 1936, 2004 and 2012 to become the first South American nation to host the games.

Nearly 50,000 people celebrated for this event, jumping and shouting at the famous Copacabana beach.

Brazil President Luiz Inacio Lula da Silva celebrated the announcement in Copenhagen for South America to be awarded the Olympics for the first time.