Minnesota Rep. Ilhan Omar said an accounting discrepancy led to major errors in a financial disclosure that appeared to show her net worth reaching as high as $30 million. She maintained the figures were inaccurate and insisted she is not a millionaire, according to a report from The Wall Street Journal.
The Democrat lawmaker, who has faced calls for a fraud probe from President Donald Trump, submitted an amended filing that significantly reduced the reported value of her assets. The updated disclosure listed shared assets with her husband totaling between $18,004 and $95,000, The New York Post reported.
“The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,” her spokesperson, Jacklyn Rogers, said. “The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified.”
The original disclosure, filed last May, drew immediate attention after it suggested a dramatic increase in Omar’s financial standing. It listed combined assets with her husband, Tim Mynett, ranging from $6 million to $30 million, marking a sharp jump from previous filings.
Those figures were tied to two businesses owned by Mynett, including a winery based in Santa Rosa, California, and a Washington, D.C.-based venture capital firm. The winery was valued between $1 million and $5 million, while the venture capital firm, Rose Lake Capital, was listed at between $5 million and $25 million.
In earlier disclosures, those same businesses were valued far lower, raising questions about the sudden spike in reported wealth. The winery had previously been listed between $15,000 and $50,000, while the venture capital firm showed less than $1,000 in assets in 2023.
The revised filing, reviewed by the Journal, sharply scaled back those figures. It placed the couple’s total assets within a much narrower range that more closely aligns with prior disclosures and long-standing financial records.
The initial report of a multimillion-dollar net worth sent shockwaves through Capitol Hill and across political circles. Critics and observers questioned how such a large increase could occur within a single year, prompting scrutiny and speculation.
