Rep. Ilhan Omar (D-Minn.) once pushed back against speculation that she was a millionaire, calling the claims ridiculous. Her latest financial disclosure tells a very different story.
Filed in May 2025, the new report lists her net worth as high as $30 million. That is a dramatic leap compared to earlier filings, and it has sparked fresh questions about how such wealth was built so quickly.
Most of the increase comes from businesses tied to her husband, Tim Mynett. His companies were previously valued in the thousands and are now listed in the millions. Rose Lake Capital, one of the firms, is shown with assets worth up to $25 million while reporting no income in 2024. The company’s website claims to manage $60 billion, which only adds to the confusion. That’s a stunning turnaround in just one year.
For taxpayers and Omar’s constituents, the sudden wealth raises obvious red flags. The rapid change, the lack of clear income, and the timing after Omar’s public denials leave plenty of room for skepticism. As with so many members of Congress, Omar’s wealth seems to have materialized almost out of nothing.
Key Data Points
- Net worth (2025): Up to $30 million
- Increase: About 3,500 percent in two years
- eStCru LLC (winery):
- 2023 value: $15,000 to $50,000
- 2025 value: $1 million to $5 million
- Rose Lake Capital (venture capital):
- 2023 value: under $1,000
- 2025 value: $5 million to $25 million
- Reported no income in 2024 despite claims of $60 billion in assets under management
- Debt: Up to $100,000 in student loans and credit cards
- Savings: $1,000 to $15,000
- Retirement account: $15,000 to $50,000
The gap between Omar’s modest savings and the sudden spike in her husband’s business valuations leaves many questions unanswered. Are the firms really worth what the filings suggest? Why does a company claiming to oversee billions in assets show no income at all?
For voters, the issue is less about exact numbers and more about trust. When a lawmaker goes from denying millionaire status to reporting tens of millions of dollars in wealth, transparency is owed to the public.