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Ilhan Omar Filed Her Net Worth at $30 Million. She Just Quietly Changed It to $95,000
You know what’s a tough sell? Telling Congress your net worth is somewhere between $6 million and $30 million, having the House Oversight Committee and the Department of Justice open investigations into how you got that rich on a $174,000 salary, and then coming back and saying, “Actually, never mind. That was an accounting error. We’re really worth about $95,000.”
That’s exactly what Rep. Ilhan Omar just did. And her excuse? She blamed it on her accountant.
Omar filed her annual financial disclosure in May 2025 showing assets between $6 million and $30 million, primarily through her husband Tim Mynett’s two companies: a venture capital firm called Rose Lake Capital in Washington, D.C., and a winery in Santa Rosa, California. That represented a roughly 3,500% increase from the prior year’s filing. As recently as 2023, those same businesses were valued at less than $51,000 combined.
Washington Examiner columnist Byron York highlighted the staggering revision.
Rep. Ilhan Omar filed documents with Congress saying her wealth was between $6 million and $30 million. Now she says that was a mistake, and her wealth is actually between $18,000 and $95,000. That's quite a difference. From @WSJ: https://t.co/nSSy3WUrNW— Byron York (@ByronYork) April 18, 2026
From $30 million down to $95,000. That’s not a rounding error. That’s not a decimal in the wrong place. That’s a difference so massive it raises more questions than it answers.
Omar’s spokesperson, Jacklyn Rogers, told reporters: “The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire.” Omar’s attorney attributed the error to “reliance on accountant professionals,” calling it unintentional.
The New York Post laid out the details of the original filing and the dramatic revision.
Omar’s amended filing reduced the couple’s combined assets to between $18,004 and $95,000. The original May 2025 disclosure had valued her husband Tim Mynett’s venture capital firm, Rose Lake Capital, at between $5 million and $25 million, and his winery stake at between $1 million and $5 million.
In the amended filing, both are now listed as having no value once liabilities are included. However, reported 2024 income from the businesses remained substantial, between $102,503 and $1,005,200.
Read that last part again. The businesses are supposedly worth nothing once you factor in liabilities. But they still generated between $100,000 and $1 million in income last year. How does a business worth zero dollars produce a million dollars in revenue?
Judicial Watch president Tom Fitton pointed out the absurdity of the situation.
Ilhan Omar says her congressional financial reports have massive accounting error. She and her husband only worth 18k-86k, NOT $6 million-$30 million! Previously unreported "liabilities" erase wealth! https://t.co/x69oXi2Vly— Tom Fitton (@TomFitton) April 18, 2026
The timeline on this is worth remembering. House Oversight Chairman James Comer opened an investigation in February after Rose Lake Capital, which reportedly held just $42.44 in its bank account in late 2022, somehow skyrocketed to a $25 million valuation by the next reporting cycle. The DOJ also opened its own investigation, which reportedly began under the Biden administration.
PJ Media noted that the revised filings only came after Omar was already under formal investigation.
Omar subsequently filed an amended disclosure reducing her reported assets from the $6 million to $30 million range down to just $18,004 to $95,000. The dramatic revision was attributed to an “accounting error” involving reliance on accountant professionals.
Rose Lake Capital had previously removed names of prominent Democratic figures from its website during the period of increased scrutiny, between September and October 2025.
So to keep score: her husband’s firm went from $42 in the bank to a $25 million valuation, then back to zero, all while generating potentially over a million dollars in income. Names were scrubbed from the company website. And the only explanation we’re getting is that the accountant made a mistake.
The investigations from both the House Oversight Committee and the Department of Justice remain open. No criminal findings have been announced. But if “my accountant got it wrong” is the best defense here, it’s going to be a long year for Rep. Omar.