Ilhan Omar's 'I'm Not a Millionaire' Narrative Just Got Put Through the Shredder

It’s these moments where Rep. Ilhan Omar (D-MN) must appreciate being from a D+500 district, because this involves some shady dealings regarding the congresswoman’s actual net worth. The Minnesota Democrat has long said that she’s not a millionaire, and that those accusations are part of a coordinated attack against her. She’s on record saying it, but now there’s a paper trail. It all surrounds her affair with Tim Mynett, whom she later married. Omar could be worth upwards of $30 million. The Washington Free Beacon has more:

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

It's not the first time Mynett's business activities have emerged as a thorn in Omar's side. Mynett and Omar 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…
— Washington Free Beacon (@FreeBeacon) September 1, 2025

Mynett exited the political consulting business shortly thereafter, branching out to launch winery and venture capital businesses that have ballooned in value.
— Washington Free Beacon (@FreeBeacon) September 1, 2025

I'm not sure how things work in Somalia, but when you have an affair with a man, funnel $2.9 million in campaign donations to his company, and then marry him so you get access to that money, you don't get to claim you only have a few thousand dollars to your name. https://t.co/wYcYb0BvsW
— Bonchie (@bonchieredstate) September 1, 2025

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. The exact value of Omar’s personal fortune at the end of 2024 is unclear—lawmakers disclose the value of their holdings and debts in ranges. Still, the figures in Omar’s latest disclosures show that her and her husband’s net worth skyrocketed by at least 3,500 percent in just one year.
Omar’s extraordinary accumulation of wealth in 2024 could raise uncomfortable questions for the Minnesota Democrat, who in February told Business Insider that she has been the subject of a "coordinated right-wing disinformation campaign" that falsely claims she’s worth millions of dollars. 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."
Omar has her husband to thank for catapulting her to multimillionaire status in 2024. Mynett’s California-based winery eStCru LLC and venture capital firm Rose Lake Capital both achieved remarkable financial turnarounds in 2024. 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 in the two firms ballooned to anywhere between $6 and $30 million, and he and Hailer settled the lawsuits with cash settlements, the Washington Free Beacon has learned.
Mynett’s business activities have long been a thorn in Omar’s side ever since they married in March 2020. 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. But that was a fleeting arrangement. The financial ties between Omar's campaign and her new husband’s firm drew intense public scrutiny, and by the end of 2020, Mynett had exited the political consulting business and teamed up with Hailer to branch out into the winery and venture capital industries.