Democratic Rep. Ilhan Omar has filed updated financial disclosures that dramatically reduce the reported value of assets connected to her and her husband, replacing an earlier filing that listed holdings worth as much as $30 million.
The revised disclosure for 2025, reviewed by Fox News, values the couple’s combined assets at between $20,000 and $125,000. The change follows a previous financial report covering 2024 that estimated their assets at between $6 million and $30 million.
Congressional financial disclosures report values in broad ranges rather than exact figures, meaning the filings do not establish a precise net worth.
The updated records also show liabilities. According to the filing, Omar carries student loan debt valued between $15,000 and $50,000, while her husband, Tim Mynett, reports credit card debt in the same range.
Based on the lowest reported asset estimate and the reported debt ranges, the filing could place Omar’s net worth below zero. The disclosure, however, does not provide enough detail to calculate an exact figure.
Omar’s office attributed the major revision to accounting errors in the original filing.
“The amended disclosure confirms what we’ve said all along: the Congresswoman is not a millionaire,” an Omar spokeswoman told Fox News Digital.
She said the earlier filing relied on incomplete information provided by accountants handling Mynett’s business interests and overstated his wealth by listing business assets without accounting for liabilities.
“The Congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified,” the spokeswoman said. “The amended disclosure is now complete and accurate.”
The largest changes involve businesses tied to Mynett.
A winery that had previously been valued between $1 million and $5 million is now listed with no reported value in both the revised 2024 filing and the new 2025 disclosure.
Mynett’s venture capital advisory firm also saw its reported value reduced from between $5 million and $25 million to zero in the updated filings.
Omar’s office has said Mynett was only one of several partners in those businesses and that the original disclosures reflected the full value of the companies rather than his individual ownership stake.
The filings do not explain why Mynett’s reported equity in both businesses is now listed as having no value.
The revised disclosure also reflects a sharp decline in reported business income. While Omar previously disclosed that her husband earned between $100,000 and $1 million from his venture capital advisory firm during 2024, the latest filing lists his only reported income as between $200 and $1,000 from a winery that is now described as defunct.