Representative Ilhan Omar of Minnesota has attributed an “accounting discrepancy” to inaccuracies in a financial disclosure that inaccurately pegged her net worth at up to $30 million. Meanwhile, she remains firm in her assertion that she is not a millionaire, according to a recent report.
The progressive “Squad” member, who is currently under scrutiny following calls for a fraud investigation by former President Trump, stated that the figures in the original filing from last May were wildly incorrect. A revised filing now indicates that she and her husband collectively own assets valued at no more than $95,000, as reported by The Wall Street Journal.
“The amended disclosure confirms what we’ve always maintained: the congresswoman is not a millionaire,” her spokesperson, Jacklyn Rogers, communicated to the publication.
“The congresswoman voluntarily amended her disclosures immediately after the discrepancy was discovered,” Rogers added.
The initial filing suggested an astonishing increase in wealth, indicating that Omar and her husband, Tim Mynett, possessed assets ranging from $6 million to $30 million—a staggering 3,500% increase in net worth from 2023 to 2024.
This significant overstatement was linked to Mynett’s involvement in two businesses: a winery located in Santa Rosa, California, and a venture capital firm based in Washington, DC.
The wineryâs assets were valued at between $1 million and $5 million, while the DC firm, Rose Lake Capital, was valued at between $5 million and $25 million by the end of 2024.
By comparison, the winery, eStCru LLC, was valued at just $15,000 to $50,000 in the congresswomanâs prior disclosure, while the venture capital firm showed less than $1,000 in assets in 2023.
The amended filing, reviewed by the Journal, put the couple’s assets at $18,004 to $95,000.
While the juiced-up numbers sent shockwaves through Capitol Hill, fueling scrutiny over her reported skyrocketing wealth and speculation she was a secret millionaire, aides of Omar said she reviewed the filing before submission but didnât flag the staggering errors.
They said the glaring mistake was missed because the 43-year-old pol is not involved in her husbandâs businesses, the outlet reported.
Her lawyer told the Office of Congressional Conduct that the errors resulted from 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 in a letter.
“While the error is of course unfortunate, there is nothing untoward and nothing illegal has occurred.”
