Rep. Ilhan Omar (D-MN) has disclosed a net worth that could be as high as $30 million, according to her latest financial filing. This revelation, made in May, comes after the congresswoman publicly rejected claims earlier in the year that she had accumulated wealth during her tenure in Congress, describing such rumors as "ridiculous" and "categorically false."
The financial disclosure indicates that Omar and her husband, Tim Mynett, have witnessed an approximate 3,500 percent increase in net worth between 2023 and 2024. The Washington Free Beacon was the first to report on this financial surge on Monday. The substantial growth in the couple's wealth is largely attributed to Mynett's business ventures, including a California-based winery, eStCru LLC, and a Washington, D.C.-based venture capital firm, Rose Lake Capital LLC.
In the previous year, Omar valued eStCru LLC between $15,000 and $50,000. However, the latest filing shows a valuation jump to between $1 million and $5 million. An even more remarkable increase is noted for Rose Lake Capital, which had assets under $1,000 in 2023 but reported assets valued between $5 million and $25 million by the end of 2024.
Despite the impressive valuation, the disclosure reports "none" for Rose Lake Capital's 2024 income, a stark contrast to the $15,000 to $50,000 income reported the prior year. Rose Lake Capital boasts on its website of managing $60 billion in assets and having expertise in global business operations and legislative structuring, as reported by the New York Post.
Omar's financial ascension has drawn attention, particularly juxtaposed against her earlier statements. In February, she addressed online speculation about her financial status in an interview with Business Insider, stating, "I am a working mom with student loan debt... I am not a millionaire and am raising a family while maintaining a residence in both Minneapolis and DC."
The congresswoman's latest disclosure does list personal liabilities, such as up to $100,000 in credit card and student loan debt. It also shows modest financial holdings outside of her husband's businesses, including a savings account and a retirement account from her time in the Minnesota state legislature.
This recent filing is Omar's most detailed financial disclosure since she entered Congress in 2018 and marks a significant shift from her previously reported financial status. The rapid valuation increase of Rose Lake Capital, from almost no assets to millions, without corresponding reported income for 2024, has raised eyebrows.
Omar's earlier assertions of financial modesty and the contrasting details in her recent filing have amplified the scrutiny and discussion surrounding her financial situation. A tweet from Ryan Saavedra on September 1, 2025, encapsulates the public's reaction: "Ilhan Omar claimed earlier this year that she 'barely has thousands let alone millions' of dollars. Turns out she is worth up to $30 million and her net worth exploded by at least 3,500% in just one year while in Congress."
