Omar’s Net Worth Skyrockets 3,500% After Denying She’s Wealthy
The question now isn’t whether she lied — it’s how this windfall was achieved while serving in Congress.
Rep. Ilhan Omar (D-MN) claimed earlier this year that it was “ridiculous” and “categorically false” to say she was worth millions. Yet her latest financial disclosure paints a very different picture. Omar and her husband, Tim Mynett, now report a net worth of between $6 million and $30 million, a jaw-dropping increase of at least 3,500% in just one year.
As the Washington Free Beacon noted:
“Omar reported in her latest financial disclosure that she and her husband, former political consultant Tim Mynett, accumulated a net worth at the end of 2024 ranging from at least $6 million to $30 million. Their wealth is derived almost entirely from the value of Mynett’s ownership stake in his two companies that, together, were worth no more than $51,000 at the end of 2023.”
That revelation directly contradicts what Omar told Business Insider in February:
“Omar said any insinuation that she’s worth more than a few thousand dollars was ‘ridiculous’ and ‘categorically false.’ She also took to X in February, challenging her followers to ‘maybe try checking my public financial statements and you will see I barely have thousands let alone millions.’”
The sudden fortune traces back to Mynett’s ventures. At the start of 2023, his companies were broke and mired in lawsuits. By the end of 2024, they were valued in the millions:
“At the end of 2023, Mynett’s combined stake in both companies was worth no more than $51,000, the firms had less than $700 across all their bank accounts, and Mynett and his business partner, former DNC adviser Will Hailer, were saddled with lawsuits from investors claiming they defrauded them out of millions of dollars. But by the end of 2024, Mynett’s combined stake … ballooned to anywhere between $6 and $30 million.”
And of course, Mynett’s business ties to Omar run deep:
“They were both married to other people when they met, but the pair began an affair while Mynett served as a political consultant for Omar’s campaign, which paid his firm a whopping $2.9 million during the 2020 election cycle.”
The tweets only underline the point:
RECEIPTS:
Earlier this year, Ilhan Omar (D., Minn.) complained to Business Insider she's been the subject of a "coordinated right-wing disinformation campaign" claiming she's worth millions of dollars. "Maybe try checking my public financial statements," she said, "and you will… pic.twitter.com/hPWq1eOkSJ
— Washington Free Beacon (@FreeBeacon) September 1, 2025
Their wealth is derived almost entirely from the value of Mynett’s ownership stake in his two companies that, together, were worth no more than $51,000 at the end of 2023.
— Washington Free Beacon (@FreeBeacon) September 1, 2025
The facts are damning. Omar publicly dismissed accusations of wealth while her disclosures show she and her husband engineered a stunning financial turnaround. The question now isn’t whether she lied — it’s how this windfall was achieved while serving in Congress.
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Comments
Is anyone surprised? This is a woman who is true to her “faith” which is Islam. That is, she engages in taqiya all the time (lying to the infidel). She’s lying about her last name and she lied when she “married” her brother while still married to her first husband, and she lied about that again when confronted about it.
It’s all a lie that she married her brother and is now worth millions because we are all racists and islamophobes for pointing out how strange she is. There is nothing going on up in Minnesota with the thousands of Somali Muslims and if you ask questions something is wrong with you.
Dirty Democrat Grifting
“They were both married to other people when they met, but the pair began an affair while Mynett served as a political consultant for Omar’s campaign”
What sort of blackguard steals a married woman from her brother?
Ouch.
Why go over to the next valley for hamburger when steak is just down the hall?
To be fair, it paid off for Omar and Mynett.
Trump needs to get the DOJ involved quickly
This is insane
They are all stealing from American citizens
Yeah. Short of implementing genius-level and complex securities trades, such as Bill Ackman has done, or, founding a successful start-up, there is no way on earth that this level of obscene wealth appreciation in such a short time frame doesn’t come from malfeasance and ill-gotten gains.
Another possibility is insider trading of stocks, based on Omar’s congressional briefings and knowledge, which vile crone Pelosi and other Dhimmi-crats have clearly done, previously, turning this illegal trading into a Dhimmi-crat art form.
Genius and Omar have never been in the same sentence. As for the guy who took a look at that and decided that was a train he needed to ride on, well, pretty much speaks for itself.
I seem to recall a giant grifting scandal called Feeding Our Future up in Little Mogadishu featuring a bunch of Omar’s close friends where over $250 Million taxpayer dollars disappeared right at the time of the inexplicable rise in her net worth. I wonder where some of the money went?
No, it wasn’t at the time of this rise in his net worth, not hers. The scam was running during the lockdown, and was caught and stopped several years ago, whereas Mr Toyboy’s newfound business success, whether fake or genuine, seems to have happened only between the latest reporting period and the one before that.
LoL. Yeah, right. Nothing has happened to the Wizard of Wallstreet, Nancy Pelosi, for her insider trading deals that have made her a fortune so why do you think anything will happen to Omar or anyone else in Congress engaged in and benefiting from questionable financial activity.
In the end Omar will just claim it’s all legal activity, and apparently it is as members of Congress don’t have to follow the same rules/laws that the ordinary person has to obey without question and that will be the end of the matter.
That Pelosi’s husband traded on information she gave him is not an established fact but merely an informed guess. There’s no actual proof for it, just some suspicious circumstances. You and I might reasonably conclude that they likely engaged in insider trading, but without proof there can’t be any legal consequences.
lefty:
embarrassed to be wealthy
but
proud to be on the side of criminals
and the gop compromises with these anti american thuggs
Foreign money. Obviously.
And, her obscene and manifestly questionable accumulation of wealth aside, does this utterly vile, despicable, wretched, subversive Muslim supremacist/Islamofascist ingrate and demagogue ever express a scintilla of gratitude and appreciation towards/for the U.S., for taking her in from her Islamofascist, failed state of Somalia?
Nope. Put the vile hustler, Mamdani, in the same basket as Omar — another wealthy, hypocritical, subversive Dhimmi-crat cosplaying as allegedly “middle class.”
That vile creature needs to be investigated. She is obviously trading on info from pending law.
That is very far from obvious. Any trades by her or her toyboy would have to be reported on the same report we’re discussing. And they’re not, so we know there weren’t any trades, and thus no inside trading.
All the reported increase in his wealth (not hers) comes from a boost in the reported worth of his companies. Either they’ve done extremely well, or he wants us to think they have. In other words the only potential scandal here is that the report may have overstated his wealth.
When public servants take an oath to the Constitution, then express by words and deeds that the oath was dishonest, there should be more consequences. Omar is a great example of someone that has abused her oath and office and profited personally in the process.
All these congressmen coming into Congress with no money and acquiring millions upon millions of dollars from the American taxpayer have to be held accountable for every penny
This just can not continue
It’s every single congressman!!!
“I want to be rich when I grow up, daddy!”
“How rich?”
“I want to own twenty congressmen!”
When they try to bring down the system and spread their poison to divide people, it’s even worse than garden variety corruption rampant in DC.
It’s perjury and/or false swearing.
Surely, oath taking isn’t just a pro forma exercise. I have it on good information (from anti-Trump Dems) that a violation of one’s oath is an impeachable offense.
Violating an oath is not perjury. Yes, it is an offense for which Congress can choose to impeach someone, but that’s all it is. Since congressmen can’t be impeached, it’s irrelevant to them. An oath is a moral obligation, that decent people keep in mind, but legally oaths are not binding.
Perjury is lying while sworn.
How do you get sworn? You take an oath.
Yet “violating an oath is not perjury.”
One of these things is not like the others.
No, you idiot. Falsely swearing is not at all the same as violating an oath. Not even remotely the same.
The anti-West business appears to be very lucrative these days.
I’m not surprised at all. She’s no different from most of the rest of the members of the congress and senate.
If they weren’t wealthy when they were elected they soon were.
Yes. I’m that cynical.
Where’s the lie? She said she hasn’t got millions. She didn’t say anything about her husband. They have to file his assets on her financial disclosure, but the two companies that are being valued so highly still belong to him, not to her.
There appears to be some corruption in how her campaign has paid his companies huge amounts for “consulting services”. But most of this inflation of his companies’ worth seems to have happened since he quit the political consultancy business. So what do his new companies do, and how did their value grow so much and so rapidly? We’re not told, so so some investigation is called for. But regardless of how that turns out, they’re still his companies, not hers.
Legally sure… though it seems to me that logic would also demand and require a major reform for Family Law in the division of ‘marital assets’ at divorce be pursued by those that contend the business assets of a spouse are totes separate and the Spouse has zero interest to make any claim upon them.
The problem is this is an old, tried and true grift by politicians unlikely to reform the process they benefit from. Solicit campaign donations then direct a portion of those to Family members, sometimes to a Spouse whose income then supports the politician’s lifestyle. Until Congress chooses to change/reform the process then it will continue.
Minnesota is not a “community property” state. Most states aren’t. Just because you’re married doesn’t give you any claim on each other’s assets.
“Marital assets” are assets the couple acquired in partnership; if she played no role in these businesses then she has no claim on them. A stay-at-home wife can claim that she contributed to her husband’s business success by looking after the home and family so he could work, or by acting the “corporate wife” for him, etc., but in each case the actual facts have to be assessed, and a court has to decide how much she really contributed. Since she’s busy with her job, and he’s been off dabbling in wine and venture capital and whatever, it would be hard for her to claim she had anything to do with their success, at least not without openly admitting corruption, which would risk making them both forfeit the proceeds.
I didn’t argue that MI was a community property State.
What I did argue is that the folks who advocate that steering campaign fundraising proceeds to ‘services’ to the Spouse of a politician is totes fine are not logically consistent. This obviously benefits from the income/lifestyle of the politician and logical consistency requires those same advocates to vigorously act to reform Family Law to remove any claim on ‘marital assets’ by the Spouse. FWIW I don’t limit that reform to division of property but also any claims for spousal support/alimony.
Steering campaign fundraising proceeds to ‘services’ provided by the spouse of a politician is certainly not “totes fine”, and I don’t think anyone claims it is. But that’s not the question here.
She’s being accused of lying because she said she is not rich, and lo and behold her husband seems to have recently become rich. Besides the fact that this is a recent development, it’s not her money, so her statement was not only truthful at the time but also remains truthful.
Having a rich spouse gives you access to a better lifestyle, but it doesn’t make you rich.
I didn’t accuse her of lying, after all she’s a politician, which as a class ain’t exactly known for their strict honesty/integrity.
The entire story is about an accusation that she lied. Did you even read the post?! As the subhed claims, “the question now is no longer whether she lied but how she got so rich”. And yet the fact is that she did not lie. She said she is not rich, and she isn’t. She never said anything about her toyboy not being rich. That is the bottom line.
As to whether the toyboy really is rich, the only evidence is this filing, in which he claims to be. He may be telling the truth, or he may be overstating the value of his companies. The companies may have had a very good year, and if so that may be related to his wife’s occupation, but that would be pure guesswork. He may be laundering bribes for her, but again, guesswork.
Then how do you explain the fact that the income type for both the LLCs in question is listed as “Partnership Income” which would imply that both Ilhan and her husband are involved in the LLCs in question – as partners.
If that isn’t the case then who are the Partners in both these LLCs, exactly.
Source:
IRS:Tax information for partnerships
It doesn’t imply that at all. Partnership income simply means income from a partnership. An LLC can choose to be treated as a partnership for tax purposes, and that is a common practice that evidently these LLCs have adopted. That is all. I have no idea who the other partners are in each of his LLCs, but it’s ridiculous to jump to the conclusion, out of thin air, that she is one of them.
“A partnership is the relationship between two or more people to do trade or business.” Exactly. Is she involved in any of these trades or businesses? No. So why would she be a partner in them?
U.S. Rep. Ilhan Omar’s husband accused of swindling investor in their California winery.
Tim Mynett and his business partner Will Hailer deny defrauding the investor, while another company they started owes $1.2 million to cannabis growers in South Dakota
https://rhodeislandcurrent.com/2024/06/05/rep-ilhan-omars-husband-accused-of-swindling-investor-in-their-california-winery/
Yes, that was last year. That dispute has been settled. Which has itself invited speculation about where they got the money to settle the dispute. Which in turn assumes without evidence that they paid the guy something significant.
Then explain to me why Ilhan Omar would list those two LLCs on her mandatory Congressional Financial Disclosure document if she weren’t involved and active in those two corporations? She wouldn’t have a need to do so as they disclosure laws don’t include having to disclose her husband’s financial dealings. Just her own. So again, if Ilhan Omar wasn’t and isn’t involved in those two LLCs then why does she list them on her mandatory Congressional Financial Disclosure document.
Sorry, missed the fact that Ilhan was paid a paltry $15,000 from ESTCRU LLC so she’d be required to list that on her financial disclosure. But that still doesn’t explain why she listed Rose Lake Capital LLC.
You seem to be singularly misinformed. First you thought that “partnership income” means that the two spouses are partners. I had to explain to you that that is not what it means.
Now you have come up with this doozy:
I have to ask where are you getting these ideas? As this very post we are discussing states repeatedly, the disclosure form was for Omar and her husband, because that is what is required of members. They must report their own financial interests and those of their spouses and dependent children.
What’s more, any time a member’s spouse or dependent child buys or sells stocks, bonds, or similar assets, they must report the transaction within 45 days, even if they don’t know about it. There’s a 30-day grace period, but if the spouse or child informs them of a transaction more than 75 days after it happened, they must immediately report it, and pay a fine for a late filing, even though it was impossible for them to report it any earlier!
Also of note: “FDs are not intended as net worth reports, nor are they well suited to that purpose.” (from the instruction guide for these disclosures)
Because, once again, she has to list his income and assets as well. If he so much as buys or sells one share of something she has to report it within 45 days of the trade, or 30 days of his telling her about it, whichever comes first. If she’s more than 30 days late she has to pay a fine even if he never told her about it.
Also I missed this one. The two LLCs are listed as ESTCRU LLC (OL) and Rose Lake Capital LLC (OL). Notice the “OL” at the end of each. Those are asset type classifications. And if you look up what asset type “OL” indicates, you can find the information here , you will find that asset type code OL means Ownership Interest (Engaged in a Trade or Business) indicating that Ilhan Omar does indeed have an ownership interest in both the LLCs and is the reason why she has to list them on her mandatory Congressional Disclosure Report.
Yes, the husband, Mr Boytoy, has an ownership interest in these LLCs. She does not. The disclosure is for both of them, as the law requires.
Ok, you got me/s There appears to be no conflict of interest and possible ethics violation. Time to move on. Interesting how this would be an ethics violation at my local government just working on the Planning and Zone board, but it is Congress so we don’t care.
What would be an ethics violation at your local government? Your husband’s company suddenly increasing in value, as he moved into new areas of business?
All I’ve seen reported is that after having been paid huge amounts of money for political consultancy to his wife’s campaign, the husband decided to give up political consulting and move into other areas. Subsequently his company somehow increased in value, but we’re not told what industry it’s now involved in, or how it might have benefited from her position. That’s all speculation.
Apparently there’s a wine business and a venture capital firm. Neither of which would seem to benefit from one of the partners’ wives being a politician. Unless she’s buying his wine for political events. As a Moslem she can’t serve wine at her events, but maybe she’s hooking him up with other politicians who can, or with donors. Maybe a donor is funneling money to her illegally by buying her husband’s wine. But that’s all pure speculation. There’s no foundation to it. We may as well speculate that the two of them have a sideline robbing banks.
Interesting that at the same time the Feeding Our Future and other scams among the Somali’s in Minneapolis were going on her net worth skyrocketed. So, where did the money come from and will someone, anyone in this Administration have the backbone to finally investigate this vile woman?
It wasn’t at the same time. This sudden success of his businesses seems to have just happened in the last reporting period, while the Food-for-the-locked-in scam took place during the lockdowns, when the government was sponsoring such meals and everyone with a commercial kitchen was trying to get in on the act.
The innovation here is that they planned to feed the tots wine.
I would be surprised if the money trail, long and serpentine, doesn’t come from some USAID scam.
Why would that surprise you? Is USAID the only source of suspicious money in the world?!
And if Mr Boytoy was getting money from some USAID recipient, why only in the last reporting period? And now that USAID isn’t spending all that money any more, if his business’s success were coming from there then they would have collapsed and be worth nothing now, just as they were two years ago.
When a Congressman/woman and their spouse go from nearly broke to multimillionaires in one year I for one would like questions to be asked as the appearance of illegality is too much to ignore. Unless she won the powerball I think she has some explaining to do.
Not “and” their spouse. She hasn’t gone from anywhere to anywhere. His businesses have apparently had very good years. Maybe from bribes intended for her, but that’s speculation. Why can’t he simply have done well in his new ventures that he started after he gave up political consultancy precisely so as to avoid such accusations? We don’t know. But either way, Powerball is not an explanation. If she had won it would be her money, not his, and if he won he wouldn’t have channeled it into his businesses and shared it with his partners. Unless the partners bought the ticket together.
an investigation into her finances would be appropriate
her teaming up with say,,,iran and russia , as she has shown , could mean she is or her brother is ,getting hunter like payments
Payments to the brother would not end up with her.
Maybe Russia is buying her husband’s wine, as a bribe for her doing its bidding? Iran wouldn’t be buying wine, but it could steer money to his venture capital business? Though VC is probably haram too, since it involves interest.
if the person she is married to
was found guilty of rico violations
would she be out the property/money too?
And if she had wheels she’d be a bus.
Wow. They can’t find a true believer who will vote the wrong way every time for free.
That really sends a message about how bad their policies really are.
This. Country is so broken. Not as obvious as gb/uk but broken.
Thoughts and prayers