Ilhan Omar Says Accounting Error Led to Overstated Wealth, Net Worth Is $95,000
“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.”
In a May 2025 financial disclosure, Rep. Ilhan Omar (D-MN) reported that she and her husband, Tim Mynett, had a combined net worth of between $6 million and $30 million. When the disclosure was reported in September, it raised eyebrows because it suggested their net worth had jumped by as much as 3,500% from the previous year.
At the time, The Washington Free Beacon reported that the couple’s wealth was “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.”
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
Needless to say, such a sudden and massive increase in wealth drew widespread attention to Mynett’s companies, which consist of a winery and a venture capital firm.
The Wall Street Journal reported Friday that “facing potential investigations pushed by President Trump and House Republicans,” Omar filed an amended disclosure stating that their current net worth falls between $18,004 and $95,000.
Omar explains the dramatically higher estimate on the May 2025 disclosure was due to “major accounting errors.”
The Journal notes that in the amended filing, Mynett’s businesses “are shown as having no value once liabilities are factored in.”
One X user’s reaction captures just how difficult her explanation is to take seriously:
The same exact thing happened to me. I reported an earned income between 6 and 30 million dollars. Then I realized the clerical error that I had only earned between $18,000 and $95,000. Actually, it happened twice, and might happen again too.
Don’t think anyone can top these comments from WSJ article but hey I’m happy to be proven wrong: pic.twitter.com/0Ho1ClHyNW
— Jean (@queens_parents) April 18, 2026
According to the Journal:
Aides said that Omar looked at the form before it was filed in 2025, but that 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.
Jacklyn Rogers, a spokeswoman for Omar, added, “The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire. The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified.”
The report noted:
The new filings are in response to a March letter Omar received from the Office of Congressional Conduct, an independent, nonpartisan entity charged with receiving and reviewing allegations of misconduct concerning House members and staff.
Omar’s attorney responded to the OCC letter by claiming that any errors were “unintentional.”
He wrote, “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. While the error is, of course, unfortunate, there is nothing untoward and nothing illegal has occurred.”
The Journal reported that a 2025 email between Mynett and his accountant valued the venture capital management firm at $7.9 million and the winery at $1.5 million. Tax documents state that he has a 33% ownership stake in each.
While amendments to financial disclosures are not uncommon, the discrepancy between the original and the revised filings in this case are alarming — especially given the massive amount of fraud that’s been revealed involving members of the Somali community in Omar’s district.
The New York Post reported that in January, “after a $9 billion Somali social services fraud scandal exploded in [Omar’s] district,” the House Oversight Committee was investigating the dramatic surge in her wealth. According to the Post, Committee Chair Rep. James Comer (R-KY) said staff lawyers were considering subpoenaing Mynett to testify.
Independent journalists have since reported visiting the winery at the listed address and finding no evidence of a legitimate business.
In the X post below, one reporter details her experience:
Here we were informed that 40+ wineries operate out of this location and that ESTCRU hasn’t been a client for years.
That is very strange because in 2024 they made about $15,000 and in 2025 it exploded to up to $5 million dollars… yet they weren’t producing any wine?? BTW no biz license exists for ESTRCRU at this address. The other wineries here are properly licensed and producing.
I visited the principal address of ESTCRU winery. This winery is co owned by US Rep of Minnesota Ilhan Omar’s husband, Timothy Mynett, yet seems to allegedly be a shell business used to launder funds.
Here we were informed that 40+ wineries operate out of this location and that… pic.twitter.com/FZRdHqgdRa
— Angela Rose (@angelaroosee) February 4, 2026
News of Omar’s amended filing will almost certainly revive scrutiny of her finances. Despite her office’s insistence that the errors were unintentional, the sheer scale of the discrepancy is likely to keep investigators circling, especially James Comer, who has shown little sign of letting the issue drop.
Elizabeth writes commentary for Legal Insurrection and The Washington Examiner. She is an academy fellow at The Heritage Foundation. Please follow Elizabeth on X or LinkedIn.
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Comments
We’re in French revolution territory but the sad truth is no one will do anything. The end.
She sounds as believable as the current Iranian leadership or even Baghdad Bob. Sheesh.
Time to hawk those books. This whole thing smells as bad as a family honeymoon in Mogadishu.
Note to self…when caught blame accountants, notify lawyer who in turn will blame the accountant. That should do me a while.
I can only say for England where I live, but here you are responsible when you sign off your accounts for what is in them. Whether you did them yourselves or they were done by one of the top accountancy firms in the country.
If your accountants make an error, you are responsible for that.
Very true.
I’m certain it’s $95,000 if one only counts her handbags.
She doesn’t use handbags. It’s all under her turban. She’s got hundreds of those.
That would make her the poorest congressperson to serve in the past 40 years!
Ho’d you like to be the accountant who tells Omar: “Hey, remember that $20 million I said you were worth? Turns out it was only $95K. Hey, clerical error, these things happen!”
Want to bet she doesn’t even bother to change accountants? She knows she doesn’t even have to attempt to cover her lies. She won’t even have to have her nonexistent granddaughter open a carwash, like Walter White’s wife had to.
She got that idea from the sewage spill in DC. The DEI hires didn’t know the difference between 2,400 and 2,400,000 when recording the bacteria count of the water. Ilhan’s story is SSDD.
One would think that a venture capitalist would spot a shitty accountant. Although, it sounds like he is a pretty crappy VC manager and winemaker.
Hey, do these people own a house?
$95K in MN-5 will get you a 1BR condo in a 50+ yo building.
Maybe you can save a lot if you live above your own Learing Center.
The P/E ratios went way up once the Somali fraud income was cut off.
I have often missed a few decibel points in reporting income to the IRS. They always gave me a pass.
If anyone thinks the brother lover immigration fraudster of whatever name is being truthful boy do I have a bridge but the DA in Minneapolis has no time for Somali pirate fraud, riots, looting, assault, blocking roads etc. The lesbian in charge is all in on issuing arrest warrants for ICE Federal Agents that will never be honored. Sounds pretty insurrectiony to me but who is keeping score
1. Ilhan Omar says
2. Simon says
What’s the difference between 1 and 2? Nothing. They are both games people play.
Very nice!
Omar’s attorney says: “As the busiest of people, it is very common for members and their spouses to rely on lear
ned professionals like accountants to make calculations and determinations that appear on public filings.”FIFH
I predict she eventually flees the country once the walls really close in.
Ya know damn well there was a pipeling of cash from the fraud going directly to here.
You are too optimistic. She’s hoping for Dem cover in the upcoming elections and won’t go anywhere if that happens.
She’s a crook and Trump hates her. Her only salvation is that he has bigger fish to fry at the moment.
If we don’t gain in the house/senate and lose the white house in 2028, it will all go back to business as usual with the devil in charge again.
Nothing to see here Citizen, move along, move along.
God I hate those clerical errors. They happen all the time and I don’t even have cleric.
The lie is easily explained by “taqqiya.”
It’s perfectly OK for a Muslim to lie to an infidel.
That’s why Islam is incompatible with a free society.
If her accountant doesn’t pretty quickly step up and defend himself in this matter, his professional reputation is going to be in shreds.
And if no CPA does step up, we can all assume that her “accountant” is another Somalian who got his degree from a Quality Learing Center
Ah, the old one arm man routine.
The jokes just write themselves when it comes to Congress critters.
The timing is the most suspicious part. If it were such an obvious oversight, it could have been cleared up in a day. Obviously, they are trying to forensically cover tracks, then come up with this BS excuse after months of silence.
This is like deja Vu for me. I was set to move to FL, but then remembered that I don’t live in NYC and I don’t make over $1M a year. Close call. As I see it, if a person doesn’t know their own wealth to within 5%, they really shouldn’t be touching any public money. Portland recently discovered $56M in unspeant housing money. I suspect that they only found it because they were worried that DOGE might find it and then it would be gone for good. I bet they spent a few sleepless nights trying to waste it ASAP.
Grass grows.
Birds fly.
Sun shines.
Somalians scam
It sounds like there are more than one set of accounting books for Ilhan Omar.
Since the leftists were so sure that DJT releasing tax records would clear things up lets have Omar release her own alongside the disclosures.
omar added:
seee,, this is what I get for having hired a j ewish accountant
come on you cynics
its very easy to confuse 30 million usd with 50 thousand usd
Net worth is a social construct.
“there is nothing untoward and nothing illegal has occurred.”
I have copied this phrase and saved it for my next IRS audit.
I’m filing that one right next to “we have performed a thorough investigation of ourselves and found no violations.”
and
I’ll just put this here and let people decide whether Omar is being truthful on her financial disclosure reports. Thank you for your attention to this matter.
Source:
CY 2025 Financial Disclosure Form A (<–PDF)
eot
The stated value of his businesses varies by tens of millions from one year to the next, and are effectively meaningless. These people are going to tax wealth? How is that going to work?