The Harlem-born rapper and hip hop mogul will receive the special honor, which celebrates an artist or band whose "unparalleled career and continued influence have achieved a unique level of global success in music and beyond."
Diddy, 53, is also nominated for four Moonman statues at this year's ceremony, including Best Rap and Best R&B for his work on "Creepin (Remix)" - featuring Bryson Tiller, Ashanti, Yung Miami - and on Metro Boomin's "Gotta Move On."
The 2023 show marks the 40th annual edition of the VMAs, which celebrate the top music videos and popular music artists of the year.
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