Ilhan Omar Blames ‘Accounting Error’ For Eyebrow-Elevating Tax Submitting: ‘Not A Millionaire’
U.S. Rep. Ilhan Omar (D-MN) is blaming an eyebrow-raising increase in her net worth on an “accounting error” and is now claiming that she is worth much less than what was previously disclosed.
Omar has faced intense scrutiny after filing a congressional financial disclosure report that listed assets held by her and her husband, Tim Mynett, in a range of $6 million to $30 million. The disclosure, required annually under House ethics rules, detailed ownership stakes in two companies controlled in part by Mynett: eStCru LLC, described as a winery, and Rose Lake Capital LLC, identified as a venture capital management firm.
The reported values represented a substantial increase from prior years. According to the original filing, the combined worth of the companies rose from as much as $51,000 in 2023 to as much as $30 million in 2024.
Republican lawmakers highlighted the scale of the change, noting that the businesses had limited public information on investors or operations. Some lawmakers referenced Mynett’s earlier business activities, including an allegation of delayed repayment in a 2023 civil fraud lawsuit involving eStCru LLC, though no criminal charges resulted from that matter.
In February 2026, House Oversight Committee Chairman James Comer (R-KY) sent a letter to Mynett requesting documents and communications related to the finances of both 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. 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,” the letter read.
Earlier this month, Omar filed an amended disclosure that significantly revised the reported asset values downward. The updated filing lists the couple’s assets between $18,004 and $95,000, far below the previous figures.
The businesses previously valued in the millions were reported as having no net value after accounting for liabilities. The amendment also disclosed 2024 income from the assets in a range of $102,503 to $1,005,200, including specific distributions of $213,200 to Mynett from the venture capital firm and $3,000 from the winery.
Omar also reported student loan debt and credit card debt each in the $15,001 to $50,000 range.
A spokesperson for Omar’s office claimed that the vast discrepancies were the result of an “accounting error, ” while Omar sent a letter to the Office of Congressional Conduct explaining the change.
“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 spokesperson said.
Aides claimed that Omar had reviewed the original form before submission in 2025 but did not catch the discrepancy because she is not involved in her husband’s businesses and relied on the accountant’s figures. The Office of Congressional Conduct had requested additional information in March 2026, after which the amendment was submitted.
Critics have questioned the credibility of the explanation and whether the original filing or the amendment accurately reflects the couple’s finances, however. Tom Fitton of Judicial Watch commented on the amendment, stating that the revised filing does not resolve underlying concerns about the accuracy of congressional disclosures.