Rep. Ilhan Omar (D-Minn.) reported a net worth of up to $30 million in her latest financial disclosure, according to the New York Post. This comes just months after she denied being a millionaire, calling the claim “ridiculous” and “categorically false.”
The disclosure, filed in May, shows that Omar and her husband, Tim Mynett, experienced a massive increase in their net worth—roughly 3,500%—compared to the previous year. The Washington Beacon first reported the spike on September 1. The increase is believed to come from Mynett’s two businesses: a winery in Santa Rosa, California, and a venture capital firm based in Washington, D.C.
In the new disclosure, Omar valued the winery, eStCru LLC, at between $1,000,000 and $5,000,000. In her previous disclosure, it was listed at just $15,000 to $50,000.
Mynett’s venture capital firm, Rose Lake Capital LLC, saw even bigger growth, with assets now valued at $5,000,000 to $25,000,000 by the end of 2024. Last year, the firm reported no income, and the year before that, it made between $15,000 and $50,000.
According to Rose Lake Capital’s website, the company manages $60 billion in assets. The firm says it has “deep global networks built from on-the-ground work in more than 80 countries working across business, politics, banking and diplomacy.” It also offers expertise in areas like business structuring and legislation.
When Ilhan Omar called the millionaire claim “disinformation”
In February, when asked about rumors of her wealth, Omar called them “disinformation.” She told Business Insider, “Since getting elected, there has been 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.”
She added, “I am a working mom with student loan debt. 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.”
The disclosure lists $100,000 in credit card and student loan debt for Omar. She has between $1,000 and $15,000 in her congressional credit union savings account and another $15,000 to $50,000 in a retirement fund from her time in the Minnesota state legislature.
