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.”
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.
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.
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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