Diddy was a really busy man over the weekend. The hip-hop mogul donated $2 million to 2 highly effective Black initiatives.
Diddy Donates $2 Million in Help of Black Wealth
On Saturday (Aug. 26), Diddy was one of many headlining audio system at Make investments Fest in Atlanta. The Unhealthy Boy Data founder sat down for an interview with monetary podcasters Earn Your Leisure, to speak about his highlights as an entrepreneur and his objective to advertise Black wealth.
Afterwards, Diddy introduced EYL hosts Rashad Bilal and Troy Millings a $1 million verify 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 Metropolis and Connecticut.
“I am thrilled to hitch forces with Earn Your Leisure,” Diddy stated in a press launch. “We’re going past discussing funds and taking motion to demystify the world of investing for our group.”
Later, Diddy went to the Middle Parc Stadium for a soccer recreation—South Carolina State vs Jackson State College—and adopted by means of on a pledge he made final yr on the 2022 BET Awards that he was going to offer again to Traditionally Black Schools and Universities. In the course of the finish of the primary quarter of the soccer recreation, Diddy introduced a $1 million verify to Jackson State College Improvement Basis, benefiting the college, college students and school.
“If it wasn’t for HBCU, I would not be right here,” he instructed a reporter on the sideline. “Supporting HBCUs is not only my honor, it is my accountability.”
“My grandmother raised me to sow my seed in my group and that is what I’ll do,” he continued.
Diddy additionally added that HBCUs are underfunded and that he’s dedicated to doing one thing about it.
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Diddy’s A number of Investments
Diddy is now a billionaire, based on former Forbes editor Zack O’Malley Greenburg, who revealed a listing of the wealthiest rappers final yr. The vast majority of the 53-year-old government’s earnings come from his investments exterior of music, corresponding to his partnerships with Cîroc vodka, DeLeón tequila and his music tv platform Revolt TV.
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Take a look at Diddy’s significant monetary contributions to 2 Black initiatives beneath.
