Is she just making it up as she goes along?
Rep. Ilhan Omar's (D., Minn.) latest financial disclosures—now claiming her husband earned as little as $200 in 2025 from his two worthless companies—are contradicted by his own accountants, who wrote in 2025 that the companies are worth millions of dollars, according to a letter viewed this spring by the Wall Street Journal.
"She can't keep her story straight," said Paul Kamenar of the National Legal and Policy Center (NLPC), which filed a formal complaint last year about Omar's financial reporting. "There needs to be a full audit to straighten this out," he told the Washington Free Beacon, adding that Omar "could face criminal charges for filing false and misleading disclosure reports."
Omar's newly released financial disclosure report says that her third and current husband, Tim Mynett, a political consultant turned entrepreneur, earned no more than $1,000 (and as little as $200) throughout all of 2025 from his two companies, a venture capital firm and a failed winery. Taken at face value, the latest disclosure reveals that Omar and Mynett are even more financially destitute than they were when she amended her 2024 financial disclosure in April. In that amended filing, she decreased the value of her husband's two companies from up to $30 million down to $0, while simultaneously claiming the worthless companies distributed between $102,000 and $1 million to his pocketbook in 2024.
Omar's wildly fluctuating statements of net worth have led to an investigation from the House Oversight Committee and have been the subject of florid denunciations from President Donald Trump, who called Omar "a fraud and a scam" in a May stump speech at The Villages in Florida.
Omar's office, in a statement Monday to the Free Beacon, hailed her new 2025 financial disclosure as proof that she is not a millionaire. But the filing, first reported by the New York Post, starkly contradicts prior reporting on her personal finances.
This time, the contradiction lies in Omar's valuation of her husband's venture capital firm, Rose Lake Capital, and his California winery, eStCru LLC. Omar said in her latest disclosure that both the firms were worth $0 to her husband in 2025, a claim that's incongruent with a 2025 email obtained by the Wall Street Journal in April, which shows Mynett's accountant had valued Rose Lake at $7.9 million and eStCru LLC at $1.5 million. Mynett owns about a third of the firms, the Journal reported.
Asked to explain the discrepancy, a spokesman for Omar's office told the Free Beacon on Monday that Mynett's accountants failed to take into account Rose Lake and eStCru's liabilities when they valued the companies in that 2025 email.
"It listed assets without liabilities, and it significantly overstated her husband's net worth," the Omar spokesman said. "The accounting error created a misleading picture of far greater wealth."
Omar's claim that her husband's accountants made the amateur mistake of failing to take into account business liabilities when calculating the value of two companies makes no sense, said NLPC's Kamenar, whose February 2026 complaint against Omar to congressional ethics authorities raised the alarm about the "sudden and inexplicable increase in … her personal wealth."
Kamenar said his group is considering filing another complaint against Omar.
Omar's new claim that her husband's accountants only considered the assets owned by his two companies in 2025 when valuing the firms at a combined $9.4 million raises additional questions. Mynett's longtime business partner, Will Hailer, claimed the two companies were financially destitute in February 2024 in court filings released as part of a lawsuit against his and Mynett's South Dakota marijuana venture. The Free Beacon reported that a group of investors sued Hailer, demanding the return of millions of dollars he'd raised from them for the marijuana venture. Hailer claimed he couldn't return the funds because the Office of Foreign Assets Control, which administers trade sanctions against foreign terrorists and regimes that pose a threat to U.S. national security, had placed a hold on the funds.
In February 2024 court filings as part of the marijuana lawsuit, Hailer claimed Rose Lake Capital had just $42.44 in its bank account. He later testified during the bankruptcy proceedings of the Indian educational technology company Byju in November 2024 that Rose Lake Capital had no assets or investments at the end of 2024. It’s unclear how Mynett’s accountants determined that Rose Lake Capital had $7.9 million in assets in the 2025 email obtained by the Wall Street Journal.
Also in the February 2024 court filings, Hailer claimed eStCru LLC, the California winery that produced wines with names including "Blockchain" and "Clothesline," had just $650 in its bank account. The winery stopped paying its winemaker in early 2023 and filed to terminate its California business license in April this year, with Mynett and Hailer blaming COVID for business difficulties. It's unclear how Mynett's accountant determined that eStCru LLC had $1.5 million in assets in the 2025 email.
Omar's trouble with numbers was brought up in the Oval Office on Monday, when President Donald Trump, speaking to a gaggle of reporters, mocked her for a 2025 gaffe when she said "World War 11" when she was supposed to say "World War II." Trump added that Omar "married her brother to get into the country by the way, illegally."
