Diddy Donates $2 Million To Support Black Wealth

Diddy Donates $2 Million To Support Black Wealth

08/29/2023 12:00 AM EDT by WBLS Staff

Diddy is doing his part to invest in black wealth.

Over the weekend, Atlanta was the place to be for all things black wealth. InvestFest held it's first annual investing and entrepreneurship festival in Atlanta at the Georgia World Congress Center. Sean "Diddy" Combs, a headlining speaker at the event, donated $2 million to two powerful Black initiatives.

On Saturday (Aug 26), the Combs Global CEO sat down with Earn Your Leisure podcast founders, Rashad Bilal and Troy Millings to talk about his highlights as an entrepreneur and his goal to promote Black wealth. During the discussion, he announced was giving a $1 million investment fund in partnership with financial literacy podcast.

“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,” said Diddy.

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The Bad Boys Records founder also added that the fund would support three Capital Preparatory Charter Schools in New York and in Connecticut.

His investment didn't stop there. He later gave another $1 million check to the Jackson State University Football team.

“Supporting historically Black colleges and universities is crucial to preserving their legacy and ensuring they continue to change lives,” Combs stated.

“This donation to Jackson State is not just a financial contribution; it’s an investment in the future of our culture.”

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