Rep. Ilhan Omar (D-Minn.), a member of the progressive “Squad,” reported a net worth of as much as $30 million in her most recent financial disclosure — just months after she dismissed claims of being a millionaire as “categorically false.”
Wealth Surge in One Year
The disclosure, filed in May, shows Omar and her husband, political consultant Tim Mynett, saw their net worth increase by roughly 3,500% in 2024 compared to the prior year.
The spike comes largely from Mynett’s two businesses: eStCru LLC, a winery in Santa Rosa, California, and Rose Lake Capital LLC, a venture capital firm headquartered in Washington, D.C.
eStCru LLC: Valued at between $1 million and $5 million in 2024, up from just $15,000 to $50,000 the year before.
Rose Lake Capital LLC: Valued at between $5 million and $25 million in 2024, compared to less than $1,000 in 2023.
Notably, Rose Lake Capital reported no income in 2024, despite claiming on its website to manage $60 billion in assets and to provide services across business, politics, banking, diplomacy, and even legislative structuring.
Previous Denials
In February, Omar dismissed speculation about her wealth as a “right-wing disinformation campaign.”
“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,” Omar told Business Insider.
“I am a working mom with student loan debt. Unlike some of my colleagues — and similar to most Americans — I am not a millionaire,” she said.
Debt and Modest Personal Assets
Despite the wealth attributed to her husband’s businesses, Omar disclosed as much as $100,000 in personal debt, including student loans and credit card balances.
She reported between $1,000 and $15,000 in her congressional credit union savings account and $15,000 to $50,000 in a retirement fund from her years in Minnesota’s state legislature.
