Rep. Ilhan Omar Under Fire Over "$90 MILLION" - Then Officials Reveal Where It Came From
WASHINGTON, D.C. — Rep. Ilhan Omar (D-Minn.) reported a net worth of up to $30 million in her latest financial disclosure, marking a significant increase from previous filings. The May disclosure shows Omar and her husband, Tim Mynett, experienced a roughly 3,500% jump in net worth in 2024 compared with the prior year. The gains were attributed to Mynett’s two businesses: a winery in Santa Rosa, California (eStCru LLC), and a venture capital firm in Washington, D.C. (Rose Lake Capital).
In the filing, Omar valued the winery at $1 million to $5 million, a sharp increase from the $15,000 to $50,000 range reported previously. Mynett’s stake in the two companies rose from no more than $51,000 at the end of 2023 to between $6 million and $30 million by the end of 2024. The couple settled investor lawsuits alleging multimillion-dollar fraud with cash payments. At the start of 2024, Rose Lake Capital was valued at no more than $1,000 to Mynett, with just $42.44 in its bank accounts. By year’s end, Mynett reported his stake had surged to as much as $25 million.
Omar had previously dismissed claims she was a millionaire as “ridiculous” and “categorically false.” In a February interview with Business Insider and in a post on X, she challenged critics to review her public financial statements, stating she had “barely thousands let alone millions.” Mynett’s business dealings have drawn scrutiny since the couple’s March 2020 marriage. Omar’s campaign paid Mynett’s consulting firm $2.9 million during the 2020 cycle. Mynett later left political consulting to partner in the winery and venture capital businesses.
Rose Lake Capital, formed in 2022, claims $60 billion in assets under management and touts expertise in structuring legislation. Its advisory board includes former Obama ambassadors Max Baucus and J. Adam Ereli, along with former Amalgamated Bank CEO Keith Mestrich. Shortly after Mynett launched the firm, Omar established the U.S.-Africa Policy Working Group, leading 20 members of Congress focused on strengthening partnerships with Africa.
Separately, Omar drew attention last week after being photographed smiling at the scene of the Minneapolis Catholic church shootings. As the U.S. House representative for the church’s district, she visited the site and described the “unspeakable horror” to reporters. “My heart breaks for the families and the victims of this tragic mourning year in Minneapolis,” she said, adding that authorities do not “know much” about the shooter apart from the individual being found dead at the scene. “We are going to learn more about motives and what more can be done to make sure we can avoid tragedies like this,” she added.
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The financial disclosure and the church shooting incident have added to ongoing public and political scrutiny of Omar. The developments reflect broader national conversations about financial transparency for elected officials, potential conflicts of interest, and the tone of public commentary following tragedies. Omar has not issued a public response to questions about the wealth surge or the photograph as of this report.
The situation continues to develop as lawmakers and federal investigators review related matters, including the Feeding Our Future fraud scandal in Minnesota. Both parties have emphasized the importance of accountability in government spending and public service, though interpretations of the specific allegations vary along partisan lines. Legal experts note that financial disclosures are subject to review by the House Ethics Committee and other oversight bodies, with potential implications for public trust in elected officials.
