Daily Caller News Foundation

Democratic Minnesota Rep. Ilhan Omar’s net worth reportedly skyrocketed to upwards of $30 million in 2024 after claiming she’s “barely worth thousands” earlier this year.

Omar and her husband Tim Mynett’s May 14 financial disclosure shows 3,500% increase in net worth from Mynett’s two businesses, as was first reported by the Washington Free Beacon on Monday. This increase in assets comes months after the far-left House “Squad” member claimed speculation she was a secret millionaire was “disinformation” in February.

Mynett’s venture capital business, Rose Lake Capital, was the source of the largest gains, with Omar valuing the company’s assets between $5 million and $25 million in 2024, according to the disclosure. Despite the gains, the income from the firm is listed on the disclosure as “none.”

The year prior, the company had less than $1,000 in assets. There is still $60 billion in assets under management, according to Rose Lake Capital’s website.

The disclosure lists Mynett’s other business, eStCru LLC, a winery in Santa Rosa, California, with assets between $15,000 and $50,000 in 2023, which leaped to between $1 million and $5 million in 2024.

The congresswoman sharply denounced online speculation about her financial status to Business Insider in February, calling the claims “categorically false.”

“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,” she told the outlet. “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 D.C., which are among the most expensive housing markets in the country.”

Advertisement

The financial disclosure includes roughly $100,000 in student loan and credit card debt Omar owes. She also has a credit union savings account containing between $1,000 and $15,000, and another $15,000 to $50,000 in a retirement fund from serving in the Minnesota state legislature, per the disclosure.

The Democrat was born in Somalia and moved to the U.S. as a refugee in 1995. She has earned the standard congressional salary of $174,000 since being elected in 2018.

Omar’s office did not respond to the Daily Caller News Foundation’s request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].