Minnesota Congresswoman Ilhan Omar sparked calls for an investigation last year when she reported that her net worth had soared to as much as $30 million — a year-over-year increase of 3,500 percent.
Now, Omar has amended her financial disclosure forms to show a net worth of under $100,000 — and she’s blaming the whole thing on an accounting error, The Wall Street Journal reported Friday.
The Washington Free Beacon first drew attention to Omar’s financial disclosure last September.
Specifically, the disclosure shows Omar’s husband, Tim Mynett, has ownership stakes in a winery — eStCru LLC — and a venture capital firm — Rose Lake Capital — that are valued at between $6 million and $30 million.
The revelation prompted U.S. House Oversight Committee Chairman James Comer to request from Mynett all documents and communications related to the finances of the companies.
“Financial disclosure forms, filed by your wife Representative Ilhan Omar of Minnesota, show eStCru LLC and Rose Lake Capital LLC, which you hold ownership stakes in, went from being worth as much as $51,000 in 2023 to as much as $30 million in 2024,” Comer wrote in a February letter.
“Given that these companies do not publicly list their investors or where their money comes from, this sudden jump in value raises concerns that unknown individuals may be investing to gain influence with your wife. Media reports further suggest that you may have raised money from investors using misleading information, meaning some of those funds may have been obtained improperly,” he added.
Around the same time, the National Legal and Policy Center (NLPC), an ethics watchdog, filed a complaint with the Office of Congressional Conduct, asking it to investigate Omar’s “inexplicable increase” in wealth.
According to The Wall Street Journal, Omar’s attorney recently told the Office of Congressional Conduct that she had unintentionally submitted an inaccurate filing.
“As the busiest of people, it is very common for members and their spouses to rely on learned professionals like accountants to make calculations and determinations that appear on public filings,” the lawyer wrote. “While the error is of course unfortunate, there is nothing untoward and nothing illegal has occurred.”
An amended filing reviewed by The Wall Street Journal values the couple’s assets at $18,004 to $95,000, with Mynett’s businesses “having no value once liabilities are factored in.”
“The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,” Omar spokeswoman Jacklyn Rogers told The Wall Street Journal. “The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified.”
The outlet also reported that Omar reviewed the original disclosure before it was submitted, but the error “didn’t jump off the page for her because she isn’t involved with her husband’s businesses and she trusted the accuracy of the accountant who provided her husband’s figures.”
“Her excuse that the glaring discrepancy ‘didn’t jump off the page’ when she reviewed and signed the original submission under oath is laughable,” NLPC counsel Paul Kamenar said in a statement. “NLPC will continue to press for penalties to be imposed for this reckless and illegal conduct.”
Congressman Tom Emmer, Omar’s Minnesota colleague, also reacted on Fox News.
House Majority Whip Tom Emmer says Rep. Ilhan Omar should be "fired" after her congressional financial disclosures were reportedly revised from an estimated $30 million to less than $100,000.
"Not only should her accountant be fired, but that girl should be fired and she does… pic.twitter.com/qghiyCgY91
— Fox News (@FoxNews) April 19, 2026
“Not only should her accountant be fired, but that girl should be fired and she does not deserve to be in Congress,” he said.
Anthony Gockowski
Anthony Gockowski is Editor-in-Chief of Alpha News. He previously worked as an editor for The Minnesota Sun and Campus Reform, and wrote for the Daily Caller.
