Rep. Ilhan Omar’s net worth skyrockets to as much as $30 million – months after denying she was
By Victor Nava
Rep. Ilhan Omar (D-Minn.) reported a net worth of up to $30 million in her latest financial disclosure — a document filed just months after the congresswoman dismissed claims she was a millionaire as “ridiculous” and “categorically false.”
The disclosure, filed in May, shows the far-left “Squad” lawmaker and her husband, Tim Mynett, experienced a roughly 3,500% increase in net worth last year, compared to 2023.
Rep. Ilhan Omar speaking at a news conference.
The surge in wealth detailed in Omar’s disclosure is the result of an explosion in the value of assets held by her husband’s venture capital firm and winery.
AP
The surge in the couple’s wealth was first reported by the Washington Free Beacon on Monday.
The financial gains came from Mynett’s two businesses, a Santa Rosa, Calif.-based winery and a venture capital firm headquartered in Washington, DC.
Omar valued the winery’s assets at between $1,000,000 and $5,000,000 in her latest disclosure. By comparison, the winery, eStCru LLC, was only worth between $15,000 and $50,000 in Omar’s previous financial disclosure.
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More dramatic was the explosion in growth experienced by Mynett’s venture capital firm, Rose Lake Capital LLC.
Rose Lake Capital’s assets were valued at between $5,000,000 and $25,000,000 by the end of 2024. The company had less than $1,000 in assets the previous year.
Notably, income from the venture capital firm is listed as “none” in 2024 but between $15,000 and $50,000 the previous year.
Rose Lake Capital claims to have $60 billion in assets under management, according to the company’s website.
The company touts its “deep global networks built from on-the-ground work in more than 80 countries working across business, politics, banking and diplomacy.”
It offers clients “expertise” in several facets of business, including structuring “legislation.”
Ilhan Omar campaigning, waving to supporters.
Ilhan Omar denied she was a millionaire earlier this year.
AP
The congresswoman cried “disinformation” in February when asked about online speculation that she was a secret millionaire.
“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,” Omar told Business Insider.
“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,” she added.
The disclosure does list as much as $100,000 in credit card and student loan debt owed by Omar.
She also 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.
Omar’s office did not immediately respond to The Post’s request for comment.
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