Ilhan Omar claims she isn’t a millionaire after her wealth surges to as much as $30 million

However, a financial disclosure, which was filed in May, showed that the far-left congresswoman as well as her husband had a net worth gain of 3,500 percent in comparison to 2023. The disclosure stated that herself and her husband, ex-political consultant Tim Mynett, have an accumulated net worth of at least $6 million to $30 million. A large chunk of their fortune comes from Mynett’s ownership stake in two companies.

Together, the two firms—a California winery and a venture capital firm in Washington, DC—were worth no more than $51,000 at the end of 2023. The findings were first reported by the Washington Free Beacon. Omar's personal fortune at the end of 2024, however, is not clear because lawmakers can disclose their wealth in ranges of numbers instead of exact values.

The valuation of the winery in the latest financial disclosure was between $1 million and $5 million. The venture capital firm in DC, however, was worth between $5 million and $25 million at the end of 2024. The previous year, Rose Lake Capital had less than $1,000 in assets.

Rose Lake Capital claims to have $60 billion in assets under management and touts its “deep global networks built from on-the-ground work in more than 80 countries working across business, politics, banking and diplomacy," on its website.

In February this year, however, despite the companies having such a high valuation at the end of 2024, at least with $5 million in assets, Omar said, “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."

"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 DC, which are among the most expensive housing markets in the country,” Omar added at the time, but she did not specify how she meant "millionaire," as wealth held in assets or businesses do not always translate to liquidity.

In the same interview, Omar also claimed she did not own her house or any stocks. The disclosure listed as much as $100,000 in debt for credit cards as well as student loans.