Democratic Congresswoman Ilhan Omar, the Minnesota socialist, has seen an astronomical increase in her wealth over the past year, as a recent disclosure revealed her net worth could be as high as $30 million.
A May disclosure reveals that Omar is worth between $6 and $30 million — that’s an increase of about 3,500%, compared to 2023.
Omar, as a member of Congress, earns $174,000 in salary each year. So how in the world has she recently accumulated such wealth? And how does this wealth contradict her socialist-like political message?
It appears Omar’s wealth jump is primarily contributed to by her husband and former campaign consultant, Tim Mynett. She divorced her husband to marry the Democrat operative after her 2018 congressional campaign, which spent millions worth of campaign contributions for work from his firm.
He’s since transformed his business offerings and owns a winery in Santa Rosa, CA, and a D.C.-based venture capital firm called Rose Lake Capital LLC. The former is estimated to be worth as much as $5 million, and the latter up to $25 million.
Mynett’s jump in wealth is stunning. At the end of 2023, according to The Washington Free Beacon, his combined stake in his now-cash cows was merely $51,000. Moreover, Mynett and his business partner, former DNC adviser Will Hailer, were hit with lawsuits from investors claiming they defrauded them out of millions of dollars, the Beacon noted.
But by the end of 2024, the combined stake is up to an estimated $30 million.
The sudden surge in the couple’s finances has sparked a flurry of reactions on social media. Executive Director for Foundation For Freedom Online, Mike Benz, for example, posted to X: “Ilhan Omar, on a $174K salary, increased her net worth $24 million in a single year, because of a shady venture capital firm she invested in that had less than $1,000 in assets ballooning up to $25 million in a year.”
“Either the dumbest people in Congress are smarter than the smartest people on Wall Street or Wall Street has just gotten more clever about money laundering methods for their lackeys in Congress,” he added. “You be the judge.”
Either the dumbest people in Congress are smarter than the smartest people on Wall Street or Wall Street has just gotten more clever about money laundering methods for their lackeys in Congress. You be the judge.
— Mike Benz (@MikeBenzCyber) September 2, 2025
Adding to Omar’s shocking financial gains are her past statements outright denying her wealth or denigrating “millionaires.”
As recently as February, Omar said that she’s “not a millionaire,” while speaking to Business Insider. Downplaying her financial status further, she added, “I am a working mom with student loan debt. Unlike some of my colleagues — and similar to most Americans — I am not a millionaire and am raising a family while maintaining a residence in both Minneapolis and DC, which are among the most expensive housing markets in the country.”
She’s also blamed millionaires, through tax cuts, for starving children in the United States, and has slammed them for not paying their “fair share.”
It’s unclear if Omar and her husband have forgone any tax breaks or advantages or donated some of their money to the government.