Rep. Ilhan Omar (D-Minn.) reported a net worth of up to $30 million in her latest financial disclosure — just months after dismissing claims she was a millionaire as “ridiculous” and “categorically false.”
The May filing shows Omar and her husband, Tim Mynett, saw their net worth jump roughly 3,500% in 2024 compared with the previous year.
The Washington Free Beacon first reported the surge in the couple’s wealth Monday, noting the gains stemmed from Mynett’s two businesses — a winery in Santa Rosa, Calif., and a venture capital firm in Washington, D.C.
In her latest disclosure, Omar valued the winery, eStCru LLC, at $1 million to $5 million — a sharp rise from the $15,000 to $50,000 range reported in her previous filing, the New York Post noted.
Omar’s rapid wealth gains in 2024 could prove awkward after she told Business Insider in February that claims of her being worth millions were part of a “coordinated right-wing disinformation campaign.” At the time, she dismissed suggestions she held more than modest assets as “ridiculous” and “categorically false,” according to the Free Beacon.
At the close of 2023, Tim Mynett’s combined stake in his two companies was valued at no more than $51,000, with less than $700 in their bank accounts, while he and business partner Will Hailer faced investor lawsuits alleging multimillion-dollar fraud.
By the end of 2024, however, Mynett’s stake had soared to between $6 million and $30 million, and the pair settled the lawsuits with cash payments, according to the Free Beacon.
Mynett’s business dealings have dogged Omar since their March 2020 marriage. The two began an affair while both were married to others, during which Omar’s campaign paid his consulting firm $2.9 million in the 2020 cycle. The arrangement drew heavy scrutiny, and by year’s end Mynett left political consulting to partner with Will Hailer in the winery and venture capital businesses, the Beacon added.
At the start of 2024, Rose Lake Capital — the venture capital firm co-founded by Tim Mynett and Will Hailer — was worth no more than $1,000 to Mynett, with just $42.44 in its bank accounts, according to court documents obtained by the Minnesota Reformer.
By year’s end, Mynett reported his stake had surged to as much as $25 million, according to Omar’s latest financial disclosure.
Formed in 2022, Rose Lake Capital claims $60 billion in assets under management and touts expertise in structuring “legislation.” Its advisory board includes former Obama ambassadors Max Baucus and J. Adam Ereli, along with former Amalgamated Bank CEO Keith Mestrich.
Soon after Mynett launched Rose Lake Capital, Omar established the U.S.-Africa Policy Working Group, leading 20 members of Congress focused on strengthening partnerships with Africa, noted the Beacon.
Omar came under fire last week after she was seen smiling at the scene of the Minneapolis Catholic church shootings.
Omar, the U.S. House representative for the church’s district, visited the scene and discussed the “unspeakable horror” that Westman had committed with reporters.
“My heart breaks for the families and the victims of this tragic mourning year in Minneapolis,” she said, adding that authorities don’t “know much” about the shooter apart from Westman being found dead at the scene.
“We are going to learn more about motives and what more can be done to make sure we can avoid tragedies like this,” she added.
However, Omar’s rhetoric clashed with a viral photo from earlier in her visit, showing the Democrat sporting a broad smile as she worked the crowd outside Assumption Church.
Omar, who has been criticized in the past for her anti-Semitic and anti-Christian statements, has made several appearances on cable news television following the deadly attack on Wednesday that left two children dead and 17 more people injured.
