Over the weekend, Sean “Diddy” Combs invested $2 million dollars into assisting Black entrepreneurs and creatives. The 53-year-old business mogul and rapper attended the Invest Fest hosted by the Earn Your Leisure network in Atlanta this weekend. Diddy was very vocal during the invest fest and asked the hosts several questions. He wanted to know what and where his money was going. The Diddy Invest Fest donation is a huge look for the culture.
During the event, he talked about his journey as a black entrepreneur and shared his goal to promote Black wealth. After which, he announced the launch of his investment fund with Earn Your Leisure brass founders Rashad Bilal and Troy Millings and donated a million dollars to the cause.
In a press release, Diddy said, “I’m thrilled to join forces with Earn Your Leisure.” “We’re going beyond discussing finances and taking action to demystify the world of investing for our community.” He also mentioned that any profit from this would go into his 3 charter schools on the East Coast.
Diddy invests $1M into Earn Your Leisure & $1M into Jackson State pic.twitter.com/Y9lasCYtMi
— The Culture Vault (@DaCultureVault) August 28, 2023
Diddy wasn’t done.
After the Invest Fest, he visited the Cricket MEAC-SWAC Challenge Kickoff in the ATL and donated another whopping $1 million dollars. He had made a promise to invest in Jackson State University football team last year, and he followed through with it this weekend. The million he invested is to be spread out over the years and paid in installments.
According to him, Supporting historically Black colleges and universities is crucial to preserving their legacy and ensuring they continue to change lives. Diddy believes that his donation is not just financial but also a contribution to the future of the culture.
Image Credit: Paras Griffin / Contributor | Getty Images
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