• DOWNTOWN ROYALTY photo | Ashlee Simpson, Pete Wentz

Credit: Brian Ach/WireImage.

Published: Tuesday May 01, 2007 06:00 AM EDT

2007

DOWNTOWN ROYALTY

Pete Wentz and Ashlee Simpson share drinks and cuddles at the opening night party of his New York City bar Angels & Kings on Monday. The Fall Out Boy bassist says he's always wanted to have his own bar. "I think it is important to have a place to call your own, that way you always get in and never have to complain about your crappy friends getting kicked out," he said.