What's The Deal With Ilhan Omar's Net Worth? Has It Really Grown From "Nothing" To $44 Million Since She Joined Congress?

Let me be clear out of the gate: this article is not a political hit piece. Whether you love or hate Ilhan Omar (I'm not a huge fan), her finances are—by any standard—incredibly bizarre. However, objectivity also requires acknowledging the reality on the ground in Minneapolis. This weekend, an ICU nurse named Alex Jeffrey Pretti was shot and killed by federal agents while peacefully protesting. He was a legal gun owner, and video evidence suggests he was pinned to the ground when the shots were fired. I don't think it's controversial to say that we should all be incensed by a U.S. citizen being killed for exercising his Second Amendment rights while filming a protest… With that out of the way, what's the deal with Ilhan Omar's net worth? Why is Trump bringing it up in Truth Social posts? Let's start with the Truth Social post:

At 5:30 am this morning, Donald Trump posted a message on Truth Social that announced he was dispatching "Border Czar" Tom Homan to Minneapolis to respond to what he described as "violent organized protests," which he claimed were being driven by a massive $20 billion welfare fraud scheme. Trump wrapped up his post by revealing that both the Department of Justice and Congress were investigating the finances of Minnesota congresswoman Ilhan Omar because she "left Somalia with NOTHING, and is now reportedly worth more than 44 million dollars."

Here's the post:

Understanding Ilhan Omar's Net Worth

Ilhan's story is actually very remarkable. After being born in Mogadishu, Somalia, in 1982, she fled the country's civil war with her family at a young age, spending several years in a Kenyan refugee camp before resettling in the United States as a teenager. After graduating from North Dakota State University, she took jobs at nonprofits, eventually rising to the director of policy initiatives for the Women Organizing Women Network.

Omar's political career began in 2016, when she was elected to the Minnesota House of Representatives. In 2018, she was elected to Congress, serving Minnesota's 5th district, an area that includes all of the city of Minneapolis as well as several suburban areas just outside the city.

Kristie Boyd; U.S. House Office of Photography (public domain)

2018 Financial Disclosure: Negative Net Worth

In July 2018, months before she was elected to Congress, Ilhan released her first official Federal financial disclosure. That disclosure painted an extremely modest picture of her financiers. She essentially had a negative net worth because her liabilities far outweighed her assets. Here's a bullet summary of the key points:

Assets: None.

Under "Schedule A: Assets and Unearned Income," she checked the box for "None disclosed." She reported no stocks, no property, and no bank accounts exceeding the $5,000 reporting threshold.

• Income: Her primary income was her salary as a Minnesota State Representative ($22,861 for the partial year; $45,722 for the previous year).
• Speaking Fees: She disclosed roughly $24,500 in speaking fees from various organizations (CAIR, United Way, etc.).

Liabilities (Debt): This is where she was "in the red." She disclosed:

• Student Loans (Nelnet): $15,001 – $50,000.
• Car Loan (Toyota Motors): $10,000 – $15,000.

Here is a link to the actual financial disclosure on house.gov's website. And here is a screenshot of the most important takeaways from the simple three-page document:

The 2019 Disclosure

Filed on May 13, 2019, after her first few months in Congress, the picture hadn't changed much.

• Assets: Still effectively zero. No personal investments or real estate.
• Salary: She began collecting the standard Congressional salary of $174,000.
• Debt: Her student loans remained her primary financial burden.

After 2020, things get a little weird.

Marriage to Tim Mynett

I'm not going to get into Ilhan's somewhat complicated relationship history other than to say she has been married three times. She married her current husband, Tim Mynett, in March 2020. Historically, Tim was a political consultant and, in fact, his company, E Street Group, received nearly $3 million in contracts from Omar's campaign during the 2020 election cycle. She stopped working with E Street Group in November 2020. Outside of E Street Group, Tim is an investor in an investment firm called Rose Lake Capital and a partner in a California winery called eStCru.

2024 Financial Disclosure

Under federal ethics rules, members of Congress are required to disclose their spouse's assets and income. For a few years, Mynett's contributions to the filing were modest. In her 2024 report, which disclosed assets/liabilities and income from 2023, Omar listed Mynett's stake in Rose Lake Capital as being worth less than $1,000. His stake in eStCru was valued at between $15,000 and $50,000.

In 2025, the couple's financial picture changed SLIGHTLY.

Ilhan and Tim Mynett (Photo by Alex Wong/Getty Images)

2025 Financial Disclosure

In late 2025, Ilhan released a new financial disclosure. And while her personal finances had not really budged, her husband Tim's assets absolutely exploded in value. In this filing, the value of Tim's stake in Rose Lake Capital has increased to a range of $5 to $25 million. The value range for eStCru increased to $1 to $5 million.

As a result, Ilhan and Tim's household net worth was now $6 million at a minimum and potentially as high as $30 million. A fairly staggering change compared to their previous disclosure from just a year earlier.

Here is a link to the actual financial disclosure on house.gov's website. Note the asset value ranges listed under the column "Value of Asset":

How Did Tim's Businesses Suddenly Explode in Value?

When their previous disclosure was made, Tim's company, Rose Lake Capital, was entangled in lawsuits from frustrated investors. By late 2024, the lawsuits were settled, new capital appeared to flow, and now Rose Lake Capital's website even claims to have $60 billion worth of assets under management. The firm's website lists Tim as one of three co-founders and five partners. Meanwhile, eStCru's valuation has apparently ballooned into the seven figures.

Despite those massive paper valuations, the 2025 disclosure indicated that neither company generated much actual income in 2024. Rose Lake, in fact, showed no taxable income at all. That suggests the couple's newfound wealth is based almost entirely on equity estimates rather than cash in the bank.

Ilhan Hasn't Been Totally Forthcoming

In my opinion, Ilhan hasn't exactly been totally forthcoming when fielding criticisms of her net worth. For example, back in February 2025, Ilhan took to Twitter to swat down a viral rumor claiming she had somehow "amassed a net worth of $83 million" after just eight years in Congress. In her reply to a self-described "MAGA mom," Omar didn't hold back:

"hi dummy, first of all I haven't been in Congress for 8yrs and my net worth isn't $83 million dollars. I know your brain has rotten from the conspiracy theories you are consuming daily but try not to announce your stupidity to the world.

My salary is $174,000 before taxes, I don't have stock or own a home and still paying off my student debt. So if you are going to lie on something that is public, maybe try checking my public financial statements and you will see I barely have thousands let alone millions…"

But was that response totally forthcoming? At the time she sent this reply, February 2025, her household net worth was in the tens of millions! And she keeps doubling down on this position without accurately acknowledging the full financial picture.

Below is a video from September 2025 in which she tells people, "learn to read before posting misleading shit," while referencing a financial disclosure that seems to say she is not hiding a secret multi-million-dollar fortune. But again, this post came three months AFTER she had released the 2025 disclosure, which stated that their 2024 household net worth was in the range of $6 to $30 million! It's totally disingenuous, in my opinion.

Why not just be clearer about her husband's paper wealth? Wouldn't that clear this all up? Just be clear that you are married to someone who owns extremely illiquid paper assets that could be worth millions, but also could be wiped out in an instant with one bad roll of the venture capital dice?

Put it this way: If I were married to a person who was worth tens of millions of dollars on paper because they were a partner in a business that manages $60 billion in assets, I would not go on social media complaining about my thousands of dollars in student debt, calling people dumb and telling them to "learn to read."

@ilhanmnTo the right-wing media: Try reading 👀 Last year, some GOP crazies said I was worth $83 million, now they're saying I'm worth over $30 million. The value range listed for the assets reflects the *full* cost assessment of the businesses, in which my husband is one of several partners, and does not reflect his individual share. Ps. Keep wishing millions into existence so I could pay off these student loans 😜

♬ original sound – Ilhan Omar

Bottom Line

If we are objectively evaluating Ilhan Omar's net worth outside of her husband, it's still extremely modest and potentially even negative. On the other hand, when combined with the equity stakes her husband owns in several businesses, then yes, the couple is objectively worth millions. I have no idea where Donald Trump got the number $44 million he referenced in his Truth post. I think that's just a social media misinfo embellishment. And if his post was implying that there's a connection between Minnesota's $20 billion welfare fraud – a very real thing that happened – and Ilhan suddenly seeing her wealth explode, I have a strong feeling that the DOJ and Congress will soon conclude this is accusation false.