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 affords 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 is able to 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 mentioned any income from this may go towards his 3 constitution colleges on the East Coast.
Like we mentioned, the fund goes to pay for instructional instruments and sources that educate younger Black traders tips on how to correctly diversify their portfolios, and tips on how to get their companies off the bottom … so, an awesome 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 on a pledge he made final yr … donating 1,000,000 bucks to Jackson State College Soccer, which can be doled out through the years in common installments.
Diddy provides, “Supporting traditionally Black schools and universities is essential to preserving their legacy and guaranteeing they proceed to vary lives. This donation to Jackson State isn’t just a monetary contribution, it is an funding in the way forward for our tradition.” Huge strikes!