Diddy makes donation to foster young entrepreneurs
Considering Forbes recently named Sean "Diddy" Combs the world's highest paid hip hop artist, it makes sense that he would want to give back. With a successful music career, clothing line, record label, stake in Ciroc vodka and soon, a new RevoltTV cable channel, the self-made billionaire is now trying to empower youths in New York City to follow their own dreams.
XXL magazine reported that while attending an event for the Network for Teaching Entrepreneurship, Diddy shelled out $250,000 for the program, which is aimed at encouraging at-risk youth to start their own ventures. He's not just doling out dough, either - he's also offering his wisdom. According to The Source, the rapper explained what it means to establish a business.
"I believe all young people should be given the opportunity to be successful and to pursue their passions and NFTE gives all kids the tools they need to be the CEOs of their future," he said, as quoted by the news outlet.
If you had the cash to back it up, what kind of business would you start?