Music and media mogul Diddy made a significant investment this past weekend to empower Black entrepreneurs and creators in the Atlanta area. His generous contribution of $2 million within a 24-hour period is set to create a positive impact on Black initiatives.
During his visit to Atlanta, Diddy participated in an event called Invest Fest, organized by the Earn Your Leisure network. This platform focuses on supporting emerging Black creators and venture capitalists. At the event, Diddy announced a collaboration with Earn Your Leisure’s founders, Rashad Bilal and Troy Millings, to establish an investment fund aimed at promoting financial strategies among the Black community.
Diddy expressed his enthusiasm about the partnership, stating, “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 shared that any profits generated from this initiative would be directed towards his three charter schools on the East Coast.
The investment fund is set to provide educational tools and resources that empower young Black investors to diversify their portfolios effectively and launch their businesses. Diddy’s commitment to supporting Black entrepreneurship didn’t end there; he also contributed an additional million dollars to the cause.
In addition to his involvement in Invest Fest, Diddy honored a pledge he had made in the past year. He donated one million dollars to Jackson State University Football, demonstrating his dedication to supporting historically Black colleges and universities. This contribution will be allocated over the years to come, emphasizing Diddy’s belief in preserving the legacy of these institutions.
Diddy expressed the significance of his contribution, stating, “Supporting historically Black colleges and universities is crucial to preserving their legacy and ensuring they continue to change lives. This donation to Jackson State is not just a financial contribution, it’s an investment in the future of our culture.”
Diddy’s efforts reflect his commitment to empowering the Black community through education, entrepreneurship, and financial literacy, setting an example for positive change and growth.