DAILY CALLER NEWS FOUNDATION—Democrat Minnesota Rep. Ilhan Omar’s net worth reportedly skyrocketed to upward of $30 million in 2024 after claiming she’s “barely worth thousands” earlier this year.
Omar and her husband Tim Mynett’s May 14 financial disclosure shows a 3,500% increase in net worth from Mynett’s two businesses, as was first reported by The Washington Free Beacon on Monday. This increase in assets comes months after the far-left House “squad” member claimed speculation she was a secret millionaire was “disinformation” in February.
Mynett’s venture capital business, Rose Lake Capital, was the source of the largest gains, with Omar valuing the company’s assets between $5 million and $25 million in 2024, according to the disclosure. Despite the gains, the income from the firm is listed on the disclosure as “none.”
The year prior, the company had less than $1,000 in assets. There is still $60 billion in assets under management, according to Rose Lake Capital’s website.
The disclosure lists Mynett’s other business, eStCru LLC, a winery in Santa Rosa, California, with assets between $15,000 and $50,000 in 2023, which leaped to between $1 million and $5 million in 2024.
The congresswoman sharply denounced online speculation about her financial status to Business Insider in February, calling the claims “categorically false.”
“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 the outlet. “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 D.C., which are among the most expensive housing markets in the country.”
The financial disclosure includes roughly $100,000 in student loan and credit card debt Omar owes. She also has a credit union savings account containing between $1,000 and $15,000, and another $15,000 to $50,000 in a retirement fund from serving in the Minnesota state Legislature, per the disclosure.
The Democrat was born in Somalia and moved to the U.S. as a refugee in 1995. She has earned the standard congressional salary of $174,000 since being elected in 2018.
Omar’s office did not respond to the Daily Caller News Foundation’s request for comment.
