Minnesota Congresswoman Ilhan Omar is back in the financial spotlight after revealing a net worth of up to $30 million in a recent federal disclosure.
This comes after she dismissed earlier claims of being a millionaire as “ridiculous” and part of a “right-wing disinformation campaign.”
The disclosure, filed in May 2025, shows that Omar and her husband, Tim Mynett, experienced a staggering 3,500 percent increase in their net worth compared to 2023, raising eyebrows across political circles.
Financial Gains Tied to Husband’s Businesses
Much of the couple’s newfound wealth comes from Mynett’s business ventures, including a winery in Santa Rosa, California, and Rose Lake Capital, a DC-based venture capital firm.
Omar valued the winery at between $1 million and $5 million in the 2024 disclosure, up from $15,000 to $50,000 the previous year.
Similarly, Rose Lake Capital’s assets jumped from under $1,000 in 2023 to between $5 million and $25 million in 2024.
Interestingly, Omar listed her income from Rose Lake Capital as “none” for 2024, while it ranged from $15,000 to $50,000 the year before.
Early 2024 Struggles
Despite the windfall reflected in the disclosure, both businesses had faced serious challenges earlier in 2024.
Court documents obtained by the Minnesota Reformer show the winery had only $650 in its bank account as of February 2024.
At the same time, it was dealing with a lawsuit from DC businessman Naeem Mohd, who alleged that Mynett and his partner, former DNC adviser Will Hailer, failed to deliver on a promised tripling of his $300,000 investment.
The lawsuit has since been settled for an undisclosed sum.
Meanwhile, Rose Lake Capital had just $42.44 in its bank account in February 2023.
Today, the firm claims on its website to manage $60 billion in assets, boasting “deep global networks” and expertise across business, politics, banking, and diplomacy.
Omar’s Denials and Public Statements
Earlier this year, Omar denied being a millionaire.
“Since getting elected, there has been a coordinated right-wing disinformation campaign claiming all sorts of wild things, including the ridiculous claim that I am worth millions of dollars, which is categorically false,” she told Business Insider in February 2025.
She described herself as a working mom with student loan debt, maintaining residences in Minneapolis and DC.
“Maybe try checking public financial statements and you will see I barely have thousands, let alone millions,” she challenged her followers.
Her disclosure does list up to $100,000 in credit card and student loan debt, alongside $1,000 to $15,000 in her congressional credit union savings and $15,000 to $50,000 in a retirement fund from her time in the Minnesota legislature.
Past Scrutiny Over Finances
Omar and Mynett have faced financial scrutiny before.
In 2020, Federal Election Commission filings revealed that Omar’s campaign generated the bulk of revenue for Mynett’s consulting firm, E Street Group, which earned $2.9 million from her campaign and $3.7 million from other political clients.
Additionally, E Street Group received $134,800 in Paycheck Protection Program loans and $500,000 in Economic Injury Disaster loans during the pandemic.
Following the controversies, Mynett left political consulting and branched into the winery and venture capital sectors alongside Hailer.
