Diddy Donates $2 Million to Two Powerful Black Initiatives

Diddy was a really busy man over the weekend. The hip-hop mogul donated $2 million to two highly effective Black initiatives.

Diddy Donates $2 Million in Support of Black Wealth

On Saturday (Aug. 26), Diddy was one of many headlining audio system at Invest Fest in Atlanta. The Bad Boy Records founder sat down for an interview with monetary podcasters Earn Your Leisure, to discuss his highlights as an entrepreneur and his purpose to promote Black wealth.

Afterwards, Diddy offered EYL hosts Rashad Bilal and Troy Millings a $1 million test for the Earn Your Leisure fund that may go to investing in Black companies and pursuits together with Diddy’s three constitution faculties in New York City and Connecticut.

“I’m thrilled to join forces with Earn Your Leisure,” Diddy mentioned in a press launch. “We’re going beyond discussing finances and taking action to demystify the world of investing for our community.”

Later, Diddy went to the Center Parc Stadium for a soccer recreation—South Carolina State vs Jackson State University—and adopted via on a pledge he made final yr on the 2022 BET Awards that he was going to give again to Historically Black Colleges and Universities. During the tip of the primary quarter of the soccer recreation, Diddy offered a $1 million test to Jackson State University Development Foundation, benefiting the college, college students and school.

“If it wasn’t for HBCU, I wouldn’t be here,” he instructed a reporter on the sideline. “Supporting HBCUs is not just my honor, it’s my responsibility.”

“My grandmother raised me to sow my seed in my community and that’s what I’m going to do,” he continued.

Diddy additionally added that HBCUs are underfunded and that he’s dedicated to doing one thing about it.

Diddy’s Multiple Investments

Diddy is now a billionaire, in accordance to former Forbes editor Zack O’Malley Greenburg, who revealed a listing of the wealthiest rappers final yr. The majority of the 53-year-old government’s earnings come from his investments exterior of music, similar to his partnerships with Cîroc vodka, DeLeón tequila and his music tv platform Revolt TV.