Well that’s what one tipster is claiming. A source close to Ashanti is saying Nelly owes her $500,000. Nelly and Ashanti were on and off in a relationship for years.

The source told MediaTakeOut, “It’s not fair. Nelly has [over the course of their relationship] borrowed more than $500K from Ashanti. It was not gifts either, he promised to pay it all back.”

The tipster continued, “But Ashanti hasn’t seen one penny. He bought her a couple of dresses, and took her on some trips, but what about a check . . . He really needs to give her back her money.”

Granted, we don’t know Nelly very well, but we did interview him once. To this day, he is one of the nicest guys we ever met. So we have no proof that the tipster is wrong, but we certainly find it surprising.

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Sean “P. Diddy’”Combs finally found a noble excuse to get rid of $3 million that he had lying around.

The rap mogul celebrated his 40th birthday in New York alongside a diverse guest list that included Bono, Kim Kardashian, Jimmy Fallon, Nelly and even Martha Stewart. The celebrity crew represented Combs’ widespread contribution to the entertainment industry.

Apparently the money was well worth it. His Twitter this morning read: “I haven’t had a hangover in five years but I have one now.”

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Nelly is trying to form a supergroup with Akon T-Pain and Pharell. The rapper told MTV News, “Me, Akon, T-Pain and Pharrell are talking about doing a project,” he said this past Friday. “We got a host of things we’re trying to do — possibly put together this new 2009 [Bell Biv DeVoe] type of thing.”

And Nelly isn’t worried about their busy schedules getting in the way of collaborating, “I don’t think you try to put things together with people you don’t think you can accomplish [them] with,” said Nely. “With ‘Kon, with Pain and Pharrell, I know it’s more about the music than anything. It’s about leaving something. I think we’re all OK as far as the money thing goes. I don’t think anybody is hurting. You wanna do things you can be remembered by. Make a mark. I think that’s something that’s foremost on all our minds.”

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Rapper Nelly dropped his new album Brass Knuckles this week, but before he did, he talked to andPOP. Check it out!

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Shots were fired at an Atlanta nightclub party—where music stars Usher, Nelly and Sean “Diddy” Combs were in attendance.

The bash, sponsored by Jermaine Dupri, has reportedly left one security guard wounded—reports People magazine.

“I’m sad this incident happened because it interrupted a beautiful and loving party. But I’m happy none of my people or friends got hurt. And the party continues,” said Dupri.

The shots were fired at about 3:30 a.m. at the party after some guests were allegedly double-charged by security guards to enter. According to reports, the guests were escorted outside and that is where the shooting occurred.

The security guard shot in the arm was treated at a hospital and released.

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Two of the hottest Canadian acts cleaned up at this year’s Europe Music Awards on Thursday. Nelly Furtado and Avril Lavigne went to Munich with high hopes, and left with all the glory.

Lavigne’s summer sensation “Girlfriend” was awarded the Most Addicting Track of 2007, and the artist herself took home best Solo Artist of the year. Likewise, Frutado’s compilation of club bangers and soulful ballads “Loose” took home the very prestigious album of the year.

However, the real spectacle of the night was everyone’s favourite addict Amy Winehouse. Judging by her MTV Artist’s Choice win, saying ‘no, no, no’ to rehab turned out to be a smart career choice after all. Winehouse accepted her award with a meager “Thanks,” before reappearing back on stage to perform for the fans. The singer’s shaky, distracted rendition of her single “Back to Black” rivaled Britney’s train wreck performance of “Gimmie More” earlier this year.

Muse, Justice and Rihanna also took home some awards throughout the night, as well as Linkin Park winning Best Band.

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Nelly Furtado is back with an all new sound!

Listen to a new track from her upcoming album.

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