Nelly Has Sold Half His Music Catalog For $50 Million

FILE – This Oct. 1, 2011 file photo shows rapper Nelly arriving for the BET Hip Hop Awards in Atlanta. Authorities say they found drugs and a gun on rapper Nelly’s tour bus at a West Texas border checkpoint where several celebrities have been arrested. Hudspeth County sheriff’s officials said an initial search Wednesday, Oct. 10, 2012, turned up small amounts of marijuana and heroin and a loaded gun. Authorities say a second search revealed a duffel bag with about 10 pounds of pot. (AP Photo/David Goldman, file)

Nelly has inked a deal with HarbourView Equity Partners, who has agreed to purchase half his music catalog for $50 million.

The deal will include eight albums and some of his most iconic hits, including “Ride Wit Me,” “Dilemma” featuring Kelly Rowland, and “Hot in Herre. “

Nelly is also back in the studio recording Heartland 2, the follow-up to his first country-inspired album Heartland which produced a triple-platinum hit “Lil Bit” and a collab with Breland.