Media365
Congresswoman Ilhan Omar insists she is “not a millionaire” even as reports suggest her net worth, along with her husband Tim Mynett’s, could be as high as $30 million. The disclosure says their combined assets range from $6 million to $30 million, according to the Washington Free Beacon.“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 earlier this year.Omar and Mynett’s rise in wealth comes amid controversy over their ventures. Mynett’s firm, Rose Lake Capital (Launched in 2022) is a venture capital management company that reportedly increased in value from nearly zero in 2023 to between $5 million and $25 million in 2024. The company removed key officer names from its website, including former Obama officials, as federal prosecutors charged dozens in a $9 billion Minnesota welfare fraud case connected to the Somali community in Omar’s district.Omar’s political career intersects with the case, as she introduced the MEALS Act in 2020, which critics say relaxed oversight of government-sponsored children’s meal programs during the Covid-19 pandemic. This allegedly allowed fraudsters to claim millions of meals without verification while receiving government subsidies. Omar defended her actions, stating, “Absolutely not, it did help feed kids.”Mynett also runs a California winery, eStCru, which faced fraud allegations and a lawsuit over a $900,000 investor dispute in 2023. Despite previously being declared a failed venture, the winery’s value reportedly rose to between $1 million and $5 million in 2024.Omar’s net worth has skyrocketed since she first took office in 2019, when she declared assets between negative $25,000 and negative $65,000. Her campaign reportedly received $7,400 from at least three now-convicted fraudsters, though she said the donations were returned after the scandal emerged.The Republican National Committee said that Omar’s wealth surge raises questions about her financial transparency and the connections between her family’s ventures and Minnesota’s ongoing fraud investigation into Daycare centres.
