Bendecido means "blessed." While it might seem common, its repeated use in this song, especially in the context of overcoming adversity and achieving success, makes it particularly impactful.
The artist uses it to express gratitude and acknowledge his good fortune after starting from humble beginnings. It's a central theme, highlighting his journey from the neighborhood to living his dream, making it a powerful and aspirational word within the lyrics.
Dale Pututi opens by telling you exactly where he came from and where he stands now: Salimos del barrio y ahora estamos aquí (We left the hood and now we're here). Then he does the thing that makes the song funny. Rather than naming the people who talked about him behind his back, he hands them a present: Muchas bendiciones pa los que hablan de mí (Many blessings for those who talk about me). The whole track runs on that one move. Randy Malcom joins him and the two of them spend the rest of it being blessed at everybody who doubted them.
The sharpest line is the one about the doubters converting: Y los que no creían, ahora me están rezando (And those who didn't believe are praying to me now). He is careful to say the change is not in him, though. Yo no cambié, mi vida está cambiando (I didn't change, my life is changing) is as close as the song gets to a serious thought before it goes back to Cartier, hundred dollar bills and the girls who used to let his calls ring out. If you want one line that holds all of it, take Estamos arriba y empezamos desde cero (We're on top and we started from zero).