Diddy opened up his pockets this weekend to bolster Black entrepreneurs and creatives whereas within the Atlanta space — and he did it with a 7-figure quantity that is positive to have a big impact.
The media mogul was on the town this weekend, first stopping off at an occasion known as Make investments Fest — hosted by the Earn Your Leisure community, which provides a platform to up-and-coming Black creators and enterprise capitalists — the place Diddy was entrance and middle fielding questions.
Whereas there, he made an enormous announcement … Diddy’s launching an funding fund with EYL brass — founders Rashad Bilal/Troy Millings — to kick-start monetary methods instantly … which can undoubtedly assist their rising consumer base and sprawling roster of expertise.
Diddy says, “I am thrilled to affix forces with Earn Your Leisure. We’re going past discussing funds and taking motion to demystify the world of investing for our group.” He additionally stated any earnings from it will go towards his 3 constitution faculties on the East Coast.
Like we stated, the fund goes to pay for instructional instruments and sources that educate younger Black buyers the best way to correctly diversify their portfolios, and the best way to get their companies off the bottom … so, an amazing trigger. Diddy did not cease there, although … he donated one other mil.
He additionally stopped off on the Cricket MEAC-SWAC Problem Kickoff within the ATL, and adopted by way of on a pledge he made final yr … donating one million bucks to Jackson State College Soccer, which can be doled out over time in common installments.
Diddy provides, “Supporting traditionally Black faculties and universities is essential to preserving their legacy and guaranteeing they proceed to alter lives. This donation to Jackson State isn’t just a monetary contribution, it is an funding in the way forward for our tradition.” Large strikes!