New congressional financial disclosures reveal that Rep. Ilhan Omar, D-Minn., and her husband Tim Mynett’s net worth increased almost 3,500% last year, up to $30 million.
Omar’s 2024 Report shows that her husband’s California-based winery eStCru LLC and Washington, D.C.-based venture capital firm Rose Lake Capital were valued between $6 and $30 million.
In her 2023 report, Omar reported that her husband’s combined stake was worth only $51,000. As initially reported by the Washington Free Beacon, the firms had less than $700 in their bank accounts at the end of 2023, and were facing several lawsuits from investors claiming they had been defrauded. Those lawsuits were later settled with cash settlements.
Omar denied being a millionaire in February, posting on X a response to a user accusing her of having a net worth exceeding $83 million. She told the user to “try checking my public financial statements and you will see I barely have thousands let alone millions.”
Two days later, she told Business Insider that “Unlike some of my colleagues — and similar to most Americans — I am not a millionaire and am raising a family while maintaining a residence in both Minneapolis and DC, which are among the most expensive housing markets in the country.” She said she was the victim of a “coordinated right-wing disinformation campaign claiming all sorts of wild things, including the ridiculous claim I am worth millions of dollars which is categorically false.”
This is not the first time Omar and her husband have been accused of improperly disclosing their financial history.
In September 2020, a complaint was filed with the House Ethics Committee alleging that Omar did not include “any assets, income, or royalties related to” the sale of her May 2020 memoir entitled “This is What America Looks Like” after it was sold to Dey Street Books for between $100,000 and $250,000.
It was later revealed that during the 2020 election season, Omar’s congressional campaign paid over $2.9 million to her husband’s consulting firm, The E Street Group. Those payments accounted for 56% of her campaign committee’s total $5.2 million expenditures during this cycle.
Omar later justified this decision during an interview with The New York Times, saying “you don’t stop using the service of people who are doing good work because somebody thinks it means something else.” After the election, Omar announced that she had cut ties with her husband’s consulting firm.