Ilhan Omar says husband only earned $200 last year
Ilhan Omar, a Democratic Congresswoman from Minnesota, reported notable discrepancies in her and her husband’s financial disclosures. Initially, she claimed her husband, venture capitalist Tim Mynett, was worth up to $30 million in 2024, a sharp increase from $51,000 in 2023. However, recent disclosures show Mynett earned as little as $200 last year, with no net earnings from his venture firm and only minimal income from a defunct winery.Omar valued their combined assets between $20,000 and $125,000 in 2025, with substantial credit card and student loan debts, contrasting sharply with her previous claim of wealth. She also revised her disclosures to declare her husband’s ownership stakes in his companies as “None,” attributing earlier errors to accounting mistakes.Despite scrubbing some details, reports indicate Mynett may have generated $100,000 to over a million dollars from his ventures. These revelations have intensified scrutiny amid ongoing investigations into financial irregularities and alleged fraud involving Omar’s district. Critics question the validity of her financial claims, citing the sudden shift in her asset reports and concerns over possible involvement in schemes that exploited federal programs. Omar’s office attributes previous discrepancies to incomplete facts and a misunderstanding, but observers remain skeptical about her true net worth amid allegations of financial misconduct.
Rep. Ilhan Omar (D-MN) claimed in a newly released income report that her husband, venture capitalist Tim Mynett, made as little as $200 last year after previously disclosing that his assets were worth as much as $30 million in 2024.
According to Omar’s latest financial disclosure statements, Mynett took home zero net earnings through his venture capital management firm, Rose Lake Capital, over the past year and earned only between $200 and $1,000 from his since-defunct California winery, eStCru.
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Omar valued their total assets at a meager $20,000 to $125,000 in 2025, while she reported that the couple’s combined credit card and student loan debt ranged from $30,000 to $100,000.
The congresswoman’s purported household net worth, now in the negatives, paints a completely different financial snapshot from the sudden surge in wealth she disclosed the previous year.
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Rep. Ilhan Omar (D-MN) speaks during a news conference in Minneapolis City Hall, Thursday, Aug. 28, 2025, in Minneapolis. (AP Photo/Abbie Parr)
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Omar initially claimed that her husband’s two companies were valued at up to $30 million in 2024, skyrocketing from a measly $51,000 in 2023.
ILHAN OMAR’S OBSCURE FINANCIAL DISCLOSURES UNDER SCRUTINY AMID MINNESOTA FRAUD SCANDAL
However, amid a congressional investigation into Mynett’s massive windfall, Omar then revised the financial disclosure form almost a year later, changing her husband’s ownership stakes in both businesses to “None” in an amended filing.
Blaming the discrepancy on an “accounting error,” Omar’s office insisted that she is “not a millionaire,” as the original filing indicated, and that the first submission was based on “incomplete information” provided in good faith from Mynett’s business accountants.
A senior staffer for Omar’s office previously told the Washington Examiner that the numbers reflected the full value of those two firms rather than the valuation of her husband’s individual shares in them. Omar herself has personally used this explanation to account for the high appraisal assessments, saying that her husband is one of “several partners” at these ventures.
California business registration records, however, show that Mynett is one of only two individuals listed as members of eStCru’s corporate leadership. The other is the winery’s chief executive officer, William Hailer, a former Democratic operative.
Despite the congresswoman scrubbing her husband’s investment holdings, Omar’s adjusted disclosure form still showed Mynett appearing to make $100,000 to $1 million in revenue off of Rose Lake Capital during that time, in addition to a few thousand dollars eStCru reportedly brought in before closing down earlier this year.
The reporting irregularities intensified criticism as Omar faced scrutiny for allegedly allowing Somali fraudsters in her congressional district to take advantage of a free food assistance program’s lax regulations, which she had introduced.
State oversight officials say that Omar’s lowering of the guardrails on enrollment enabled dozens of shell catering companies, many of them owned by Somali immigrants, to steal millions of dollars from the federally funded meal delivery program.
Minnesota state Rep. Kristin Robbins, the Republican chairwoman of the state’s House fraud prevention and oversight committee, has raised questions about Omar’s true net worth in light of the fraud scandal.
MINNESOTA FRAUD COMMITTEE SUSPECTS ILHAN OMAR OF INVOLVEMENT IN FEEDING OUR FUTURE SCHEME
“How can she go from being extremely wealthy to saying, ‘It was all an error, and actually, I’m not wealthy,’ it defies common sense,” Robbins said in an interview with the Washington Examiner in reaction to Omar’s asset revisions. “For her to have this honestly astonishing swing in her records with no explanation, it doesn’t pass the smell test.”
The Washington Examiner contacted Omar’s office for comment.
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