Representative Ilhan Omar is currently under increasing scrutiny concerning her financial disclosures after she significantly altered a previous report that suggested she possessed millions in assets.
The congresswoman from Minnesota asserts that she is not a multimillionaire, attributing the discrepancies to accounting mistakes, especially as former President Donald Trump calls for an investigation into possible fraud.
Omar, frequently targeted by Trump and the GOP, initially submitted a financial disclosure indicating that she and her husband owned assets ranging from $6 million to $30 million.
This substantial figure drew attention on Capitol Hill, leading to calls for a more thorough evaluation.
However, a revised filing examined by The Wall Street Journal now reveals a vastly different scenario: Omar and her husband’s assets are now reported to be between $18,004 and $95,000, a stark contrast to the initial claims.
Her office has since stated that the prior figures were inaccurate.
‘The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,’ said Jacklyn Rogers, a spokeswoman for Omar.
‘The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified.’
Ilhan Omar previously filed a disclosure listing assets between $6 million and $30 million
An amended filing now lists her and her husband, Tim Mynett’s assets between $18,004 and $95,000
The Minnesota Democrat has long been a target of President Trump and Republican critics
The shift from tens of millions of dollars to under six figures marks a dramatic reversal that has fueled political tension in Washington.
The earlier filing attributed significant value to business interests tied to Omar’s husband, Tim Mynett, a former political consultant involved in ventures including a Washington-based venture-capital management firm and a winery in Santa Rosa, California.
In the amended disclosure, those same businesses are now listed as having no value once liabilities are taken into account.
Because congressional financial disclosures require reporting in broad ranges rather than precise figures, the original filing’s wide valuation band – up to $30 million – drew particular attention.
The revised filing sharply undercuts that narrative.
Omar’s team has attributed the discrepancy to a reliance on financial professionals.
A lawyer representing the congresswoman told the Office of Congressional Conduct that the inaccurate filing was unintentional and stemmed from standard reliance on accountants.
‘As the busiest of people, it is very common for members and their spouses to rely on learned professionals like accountants to make calculations and determinations that appear on public filings,’ the lawyer wrote.
Mynett’s venture capital firm Rose Lake Capital LLC’s assets were valued at between $5 million to $25 million in the 2024 disclosure
His Santa Rosa winery eStCru had assets worth between $1 million to $5 million, despite the company having to settle a lawsuit
Rose Lake Capital was listed as worth between $1 and $1,000 in 2023 and up to $25 million a year later. A second company, ESTCRU, increased in reported value from under $50,000 to as much as $5 million
‘While the error is of course unfortunate, there is nothing untoward and nothing illegal has occurred.’
Aides said Omar reviewed the disclosure before it was filed but did not identify the issue, in part because she is not directly involved in her husband’s business operations.
Despite the sharply reduced asset valuation, the amended disclosure shows the couple reported between $102,503 and $1,005,200 in income tied to those same holdings in 2024.
Supporting documents indicate Mynett received $213,200 in distributions from the venture-capital firm and $3,000 from the winery that year.
The filing also lists personal liabilities, including:
- $15,001 to $50,000 in student debt
- $15,001 to $50,000 in credit-card debt
Omar told her social media followers last February to ‘try checking public financial statements and you will see I barely have thousands, let alone millions’
This is Ilhan Omar’s home in Washington D.C with her Minnesota plate car outside
Trump has publicly suggested Omar profited from Minnesota’s widely reported welfare fraud scandal and said the Justice Department is scrutinizing her – claims she has strongly rejected.
‘For years, he has called for investigations against me and they have found nothing,’ Omar said in January, adding that Trump has ‘an unhealthy and disturbing obsession with me and the Somali community.’
Her office said she has not received any communications from the Justice Department or congressional Republicans regarding an investigation.
