President Donald Trump announced Monday that the Department of Justice (DOJ) and Congress are “looking at” Democratic Minnesota Rep. Ilhan Omar’s finances — just three days after he called for an investigation into her skyrocketing net worth.
The congresswoman’s wealth reportedly increased by millions of dollars due to her husband, Tim Mynett’s business ventures, which included a now-abandoned winery, a marijuana enterprise and a venture capital firm. Attorneys for the House Oversight Committee are investigating how Omar’s finances have grown to $30 million, according to the New York Post (NY Post), with the investigation circling around Mynett.
“Additionally, the DOJ and Congress are looking at ‘Congresswoman’ Illhan Omar, who left Somalia with NOTHING, and is now reportedly worth more than 44 Million Dollars,” Trump wrote in a Truth Social post on Monday. “Time will tell all.”
House Oversight Committee chairman, Republican Kentucky Rep. James Comer, told the NY Post earlier in January that a key factor in the probe is whether Mynett’s businesses — which have been embroiled in allegations of fraud and misrepresentation — are jointly owned by Omar. The committee’s staff lawyers are also considering subpoenaing Mynett, an extraordinary step for the investigation.
“There are a lot of questions as to how her husband accumulated so much wealth over the past two years,” Comer told the outlet. “It’s not possible. It’s not. I’m a money guy. It’s not possible.”
Omar did not disclose any personal ownership stake of the businesses but did report Mynett’s assets and income from the venture capital firm Rose Lake Capital, and wine and marijuana business eStCru, multiple outlets reported. Mynett and his business partner and cofounder William Hailer, saw their assets leap into the millions last year, with Rose Lake Capital firm taking a giant leap in value from between $42.44 in 2022 to between $25 million in 2024 and eStCru jumping in valuation from $15,000 in 2023 to $5 million in 2024.
When reached for comment, Omar’s office directed the Daily Caller News Foundation to her X post where she wrote Trump is pivoting to investigating her because he is “panicking.”
“Sorry, Trump, your support is collapsing and you’re panicking. Right on cue, you’re deflecting from your failures with lies and conspiracy theories about me,” she wrote in the post. “Years of ‘investigations’ have found nothing. Get your goons out of Minnesota.”
During the Biden Administration, the Federal Bureau of Investigation was briefed on suspicions regarding the companies run by Mynett but did not take any action, according to the outlet. In February 2025, Omar responded to speculation surrounding her finances, calling her net worth of millions “categorically false” and that she hardly has “thousands, let alone millions.”
Trump has repeatedly attacked the Congresswoman over social media, whether by mocking her headscarf or calling her state’s Somali community, now largely implicated in a massive fraud scandal, “garbage.”
The federal response to Minnesota’s fraud scheme — with the vast majority of those charged of Somali descent — has sparked outrage from the Congresswoman with her claiming during a Jan. 11 CBS interview that there was “no justification” for it.
The congresswoman does not own stocks or a house, is still repaying her student loans and makes a congressional salary of $174,000. Her family fled Somalia during the nation’s civil war which has been ongoing since 1991. Her family was later granted asylum and moved to Minneapolis in 1997, and Omar became a U.S. citizen in 2000. She has represented the Minneapolis-based 5th congressional district since 2019.
The House Committee on Oversight and Government Reform did not immediately respond to the DCNF’s request for comment.
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