Did Taylor Swift lose $150 million after endorsing Kamala Harris?

Published September 15th, 2024 - 07:35 GMT
American singer Taylor Swift
(R) US Vice President and Democratic presidential candidate Kamala Harris. (KENA BETANCUR / AFP) // American singer Taylor Swift. (AFP)

ALBAWABA - American singer Taylor Swift announced days ago to support Democratic candidate Kamala Harris in the 2024 presidential elections against former US president Donald Trump.

Taylor Swift announced on Tuesday night that she will be casting her vote for Kamala Harris and Tim Walz because "she fights for the rights and causes I believe need a warrior to champion them."

Besides Swift, American celebrities including George Clooney, John Legend, Olivia Rodrigo, and Megan Thee Stallion have also endorsed Kamala Harris for upcoming elections scheduled in November.

Taylor Swift

Did Taylor Swift lose $150 million after endorsing Kamala Harris?

Pro-Trump supporters have been storming the internet claiming that American singer and songwriter has lost a huge amount of money due to her support for Kamala Harris over Donald Trump, the US Republican presidential candidate. 

An X account called Donald J. Trump News posted pictures of Taylor Swift and allegedly said: "BREAKING: Taylor Swift has lost an estimated 150 million dollars over the boycotting of her merchandise and memorabilia after she endorsed Kamala Harris for President. Thoughts?"

Another fabricated news was shared online claiming that the singer lost "$125M in Brand Deals" after endorsing Harris. However, according to the Snopes website fact-check, the rumor began when a sarcastic website posted an article mocking Swift's endorsement of Kamala.

A satirical article about Taylor was posted by Esspots, which is a website that describes itself to be "dedicated to bringing you the latest and greatest in fake news and absurdity, all with a healthy dose of humor and satire," but then many believed it and began sharing the fake news claiming it was correct.

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