Ilhan Omar’s wealth exploded by $30 million in one year: report

Congresswoman Ilhan Omar (D-Mn.) is now a multi-millionaire after her net worth increased by $30 million in a single year, the Washington Free Beacon reported.

She owes the sudden increase in wealth to a 3500% jump in the value of her husband Tim Mynett’s business investments, according to Omar’s latest financial disclosure.

Omar is a millionaire

Omar’s shocking turn of fortune is sure to raise eyebrows, especially after she went out of her way to deny being a millionaire earlier this year.

“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 told Business Insider.

“I am a working mom with student loan debt,” she added. “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 added.

At least part of that statement was true: Omar does have unpaid student loans, according to her financial disclosure for 2024, which listed up to $100,000 in student loan and credit card debt.

Omar’s 2024 disclosure also shows that her husband’s California-based winery, eStCru LLC, has between $1 million and $5 million in assets, after Omar reported between $15,000 and $50,000 in 2023.

More significantly, Mynett’s venture capital firm, Rose Lake Capital, was worth between $5 million and $25 million in 2024 after Omar reported just $1,000 in assets in 2023.

Dubious dealings

This would not be the first time that Omar and her husband – who began their relationship as an affair when they were both married to different people – have come under scrutiny.

When Omar was seeking re-election in 2020, her campaign paid nearly $3 million to a consulting firm owned by Mynett.

While Omar severed ties with Mynett’s consulting business by the end of 2020, his recent ventures invite further questions about whether he is exploiting his wife’s political connections for profit.

Mynett’s venture capital firm claims to have $60 billion under management, and its website touts its “extensive global network” and expertise in structuring “legislation.”

Omar and Mynett have appeared together at events promoting foreign investment in Africa, according to the Washington Free Beacon, which noted that Omar started the U.S.-Africa Policy Working Group shortly after Mynett launched his venture capital firm.

Omar is now far richer than she could have ever dreamed before coming to America as a refugee from war-torn Somalia – but she is still convinced that America owes her something.