Far from a millionaire, Ilhan Omar now claims a potentially negative net worth

Democratic Minnesota Rep.Ilhan Omar’s latest financial disclosures show dramatically lower reported asset values than an earlier filing that listed millions of dollars in businesses connected to her husband.

In a financial report meant to cover 2024, the Minnesota Democrat claimed that she and her husband controlledbetween $6 million and $30 millionin assets, figures that raised eyebrows as conservatives honed in on allegations of fraud among Minneapolis’ Somali community.�s assets down to, at most, $125,000.

Taking the lower-end estimate of Omar’s assets as reported in the disclosure — just $20,000 — and comparing it against both the low and high estimates of her debt — $30,000 and $100,000, respectively — would leave the congresswoman with a negative net worth.Congressional financial disclosures report broad ranges, so the filings do not establish a precise net worth.

Read More → Experts identify victims from one of history’s most ‘catastrophic’Arctic disasters

Her husband has between $15,000 and $50,000 of credit card debt while the congresswoman has a student loan balance also worth between $15,000 and $50,000.

ILHAN OMAR’S OFFICE SAYS SHE’S ‘NOT A MILLIONAIRE’ AFTER $30M FILING REVISED DOWN TO UNDER $100K: REPORT

Read More → Artemis II astronauts splash down after first moon mission in more than 50 years

Rep.Ilhan Omar attends a press conference on Capitol Hill in Washington, D.C., on Sept.29, 2022, celebrating President Joe Biden’s cancellation of student debt.(Jemal Countess/Getty Images for We, The 45 Million)

“The amended disclosure confirms what we’ve said all along: the Congresswoman isnot a millionaire,�“The original filing was based on incomplete information from Mr.Mynett’s businesses’ accountants in good faith and deference to professional judgement.It listed assets without liabilities, and it significantly overstated her husband’s net worth.The accounting error created a misleading picture of far greater wealth.”

Read More → 6 crypto scam scripts criminals use to steal your money

“The Congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified.The amended disclosure is now complete and accurate,” the spokeswoman added. 

OMAR FACES MOUNTING SCRUTINY AFTER FRAUD RINGLEADER SENTENCED TO 41 YEARS

Rep.Ilhan Omar, D-Minn., attends a field hearing at the Minnesota Senate Building in St.Paul on Jan.16, 2026, continuing the town hall event following an attack.(Jim Vondruska/Getty Images)

As suggested by Omar’s staffer,the major changes madebetween the two filing years can be attributed to different valuations being given to companies linked to the congresswoman’s husband. 

A winery that Omar’s 2024 disclosure previously valued at between $1 million and $5 million was updated to have a value of “none” for both 2025 and in a revised 2024 disclosure she filed in March.

Read More → At least one tourist dead after massive fire nearly destroys Caribbean resort, 1,690 evacuated

WINERY BELONGING TO ILHAN OMAR’S HUSBAND SHUT DOWN AMID FINANCIAL SPOTLIGHT

Rep.Ilhan Omar, D-Minn., and husband Tim Mynett at the Congressional Black Caucus Foundation Annual Legislative Conference Phoenix Awards on September 23, 2023, in Washington, DC.(Jemal Countess/Getty Images for Congressional Black Caucus Foundation’s Annual Legislative Conference)

Her husband’s venture capital advisory firm, meanwhile, saw its value reduced to nothing in the two filings after previously beingvaluedat between $5 million and $25 million.  

Omar and her senior staffhave stated that her husband was one of many partners in the wine and advisory businesses, stating that previous disclosures reported the full values of the ventures rather than her husband’s individual share.

onelink.me/xLDS?pid=AppArticleLink&af_web_dp=https%3A%2F%2Fwww.

It is unclear, however, why her husband’s equity in these companies reportedly dropped to $0 between 2024 and 2025.

Tim Mynett, Omar’s husband, has over two decades of experience in D.C.Omar claimed that he made between $100,000 and $1 million through his venture capital advisory firm in 2024, though her 2025 disclosures suggest that his only income, between $200 and $1,000, came from a defunct winery.