Ilhan Omar's Net Worth Jumps to $30 Million, Driven by Husband's Business Ventures

Washington D.C. – Representative Ilhan Omar (D-MN) has reported a net worth of up to $30 million in her latest congressional financial disclosure, filed in May 2025 for the 2024 calendar year. This significant increase marks a dramatic shift from her previous financial standing and prior public statements denying millionaire status. The reported surge in wealth is largely attributed to the valuation of her husband Tim Mynett's two companies.

The disclosure reveals that Mynett’s venture capital firm, Rose Lake Capital LLC, is now valued between $5 million and $25 million, while his winery, eStCru LLC, is valued between $1 million and $5 million. These figures represent a substantial leap from their combined valuation of no more than $51,000 at the end of 2023. The rapid appreciation of these assets has led to an estimated increase in the couple's net worth by at least 3,500%, with some analyses suggesting an even higher percentage from the lowest reported base.

The substantial increase comes despite Omar's previous assertions that claims of her being a millionaire were "ridiculous" and "categorically false." In earlier statements, she encouraged critics to "try checking my public financial statements," emphasizing her status as a "working mom with student loan debt." The latest disclosure, however, lists her and her husband's assets in a range that firmly places them in the multi-millionaire category.

While the asset valuations have soared, the disclosure for 2024 notably lists "none" for income from Rose Lake Capital, contrasting with previous years where it reported income. Omar's personal liabilities still include up to $100,000 in student loans and credit card debt. The dramatic shift in her reported wealth has drawn considerable attention and scrutiny regarding the financial activities of elected officials and their spouses.