Rap mogul Sean 'Diddy' Combs will host an all-star post-Grammy Awards party at the Playboy Mansion on Monday night (15Feb16).

Sir Richard Branson, the billionaire founder of Virgin Group, is scheduled to deliver the 'keynote address' at the invite-only fundraiser, where astronaut Buzz Aldrin and businessman and philanthropist John Paul DeJoria will be honored.

The party will also feature a Hemp Blue fashion show, a celebrity poker tournament and entertainment from DJs Paul Oakenfold and Sarah Robertson.

Proceeds from the bash will benefit Community Inspiring Today's Youth (CITY), a non-profit organization that supports and mentors wannabe teen business moguls.