Sean 'Diddy' Combs Launches Harlem Charter School

Rapper and mogul's latest venture has been in works for five years

Sean 'Diddy' Combs has announced a new venture: a charter school in East Harlem
Sean 'Diddy' Combs Launches Harlem Charter School

Diddy, hip-hop's top earner of 2015, is heading a new venture: The mogul is opening a charter school in Harlem. The rapper was born in the New York City neighborhood.

According to the Associated Press, Combs' new school, Capital Preparatory Harlem Charter School, will open this fall. The founder of Capital Prep Magnet School in Hartford, Connecticut, Dr. Steve Perry, will oversee the school while Orlando, Florida-based educator Danita Jones will be its inaugural principal. Combs has described this opportunity as "a dream come true."

Combs began working towards the launch of a school in 2011, having spent years searching for the best education model before discovering Perry's Capital Prep program. Combs and Perry have been privately meeting with community leaders and education experts to establish the program. The school's board includes Dr. Iyanla Vanzant, the author and spiritual life coach who has worked frequently with Oprah Winfrey, and Reverend Georgiette Morgan-Thomas.

According the school's official site, Capital Prep Harlem is a free, public school for grades 6-12. It will provide a "year-round, college preparatory education" and make college courses available to students once in high school. For its first year, 160 students will be enrolled in 6th and 7th grades. The deadline to apply for the upcoming school year is April 1st. Its board recently announced the location of the school, located on the museum mile stretch in East Harlem in the same building as El Museo Del Barrio and Museum of the City of New York.

In 2015, Diddy reportedly earned $60 million, thanks to wide range of investments, including Ciroc vodka, water brand AQUAhydrate, RevoltTV and clothing line Sean John. In the fall, he released the mixtape MMM and began developing a sitcom based on his former assistant called The Hustle.