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What happened to the donations raised by this concert? Live Aid was a concert organized to benefit Africa with the intention of raising enough money to fight famine in that continent. Among the guests were bands like Queen, Led Zeppelin, The Who and singers like Paul McCartney, David Bowie and Elton John. It lasted 16 hours and was organized in two different countries, England and the United States, and to this day it is remembered as the most iconic concert in history.