*Sean ‘Diddy’ Combs attended the Invest Fest in Atlanta on Friday, hosted by Earn Your Leisure, a platform for up-and-coming Black creators and venture capitalists.
The hitmaker announced a $1 million investment fund in partnership with Earn Your Leisure (EYL) and its founders, Rashad Bilal and Troy Millings. Earn The media platform “gives rise to emerging and established content creators from the world of business, finance, and entrepreneurship whose perspective, expertise and in-depth insight has been undervalued and overlooked,” per its website.
As People reports, the fund will support financial literacy efforts, “[putting] the investment strategies discussed on EYL into action” and “providing a practical model for economic empowerment,” according to a press release from Diddy’s investment portfolio, Combs Global.
Per TMZ, Combs said in a news release, “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.”
Any profits from this will go to his 3 charter schools on the East Coast, Diddy said.
An Invest Fest moment in history. Invest Fest #investfest pic.twitter.com/2czLkUdVbC
— Earn Your Leisure (@EarnYourLeisure) August 27, 2023
Meanwhile, Diddy visited Georgia State’s Center Parc Stadium for a football game Friday night and made a sizable contribution to Jackson State University. As part of his commitment to Jackson’s HBCU football team, Combs pledged $1 million through the Sean Combs Foundation.
As TMZ reports, Combs said, “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.” Big moves!
The HBCU donation is “geared towards fostering economic empowerment and upholding the legacies of historically Black institutions,” per the release.
“If it wasn’t for HBCUs, I wouldn’t be here,” Combs, a graduate of Howard University, told ESPN at the Friday game.
READ MORE: Diddy Launches Online Marketplace for Black Brands
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