Diddy has once more demonstrated his commitment to taking meaningful action, showcasing that his actions align with his words. This was clear when he donated a significant amount of money to an HBCU and kicked off a new fund.
Diddy made a $1 million donation to support the launch of the Earn Your Leisure Fund, which the platform plans to utilize for investments in financial literacy.
While headlining the Invest Fest, Diddy made the donation as a demonstration of his commitment to Earn Your Leisure, a program aimed at teaching financial literacy to Black men and women.
“This isn’t just about money; it’s about the convergence of vision, hustle, and a commitment to rewriting the rules. We’re not just opening doors; we’re building new doors, new rooms, new floors,” said Rashad Bilal of Earn Your Leisure, about the new partnership.
Diddy also fulfilled his commitment to supporting HBCUs by donating $1 million to Jackson State University, a notable HBCU, on Saturday, August 26th.
“It’s important that we all do our part to protect and preserve their legacy,” Diddy said after he presented the check at the Cricket-sponsored MEAC/SWAC Challenge, which was also held in Atlanta. “This contribution to Jackson State isn’t just about making a financial donation; it’s about giving back to a part of our culture that has changed countless lives and assuring HBCUs receive the support they deserve.”
Check out video about the donation below.
Contributions such as these are among the factors that have led to Diddy, along with JAY-Z and Dr. Dre, being recognized as some of the most exceptional executives in the history of Hip Hop.
The trio of influential rap figures, among numerous others, were included in Variety’s greatest executives list. This list was unveiled on Thursday, August 3rd, in honor of the 50th anniversary of Hip Hop.
The publication, in collaboration with the Black Music Coalition, conducted a survey involving approximately 40 participants, consisting of executives and journalists from across the music industry.
“But Combs’ capacity for reinvention and diversification has enabled him to stay relevant for more than 30 years; he expanded into fashion spirits and wellness while setting an example for other aspiring moguls to follow,” the publication said of Diddy’s Bad Boy empire.
Numerous other prominent figures from the world of Hip Hop also found their place on the list, including artists such as Lil Wayne (Young Money Entertainment), 50 Cent (G-Unit/Power), Jermaine Dupri (So So Def), and Eazy-E (Ruthless Records). These individuals were recognized for their substantial contributions to the business aspect of the industry.
Powehouse executives like Irv Gotti (Murder Inc.), Andre Harrell (Uptown Records), Lyor Cohen (Def Jam), and Suge Knight (Death Row Records) were also acknowledged for their remarkable achievements and the enduring legacies they established.