Ilhan Omar has long painted herself as the voice of the working class, a progressive warrior battling against the “rich.” Yet, her latest financial disclosures tell a story that looks more like Wall Street than Main Street.
According to new filings, Omar’s net worth skyrocketed in 2024 by as much as 3,500 percent. Just months after scoffing at reports suggesting she was getting wealthy in office, the Minnesota congresswoman is now declaring a net worth somewhere between $6 million and $30 million. That is a long way from the “barely thousands” she claimed on social media earlier last year.
So where did all this sudden wealth come from? The bulk of it is tied to her husband Tim Mynett’s two ventures: California winery eStCru LLC and venture capital firm Rose Lake Capital. At the end of 2023, Mynett’s combined stake in both businesses was worth about $51,000, and the firms had less than $700 in their bank accounts. Fast forward one year, and the winery is valued at up to $5 million, while Rose Lake Capital is worth somewhere between $5 million and $25 million, managing roughly $60 million in assets.
That meteoric jump raises more questions than answers. It is especially awkward given Mynett’s history of political consulting, which included pulling in nearly $3 million from Omar’s own campaign before he exited the business. The consulting work had already attracted scrutiny, as critics accused the couple of personally benefiting from her political war chest. Now, with lawsuits still pending against Mynett and his business partner from former clients who claim they were cheated, the timing of these financial windfalls is even more suspicious.
For Omar, the optics could not be worse. In March 2024, she mocked a Business Insider report suggesting she was a multimillionaire, calling it a “coordinated right-wing disinformation campaign.” A month earlier she wrote online that critics should “try checking my public financial statements” because she had “barely thousands let alone millions.” Those words have not aged well.
Omar campaigned as a symbol of everyday Americans. Now her filings show she belongs squarely in the millionaire class she rails against. Even if every dollar is somehow legitimate, the speed at which her fortunes changed is astounding. It looks less like a rags-to-riches story and more like a classic Washington tale: use the office, grow the influence, and watch the money roll in.
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