Minnesota Rep. Ilhan Omar blamed an accounting “discrepancy” for errors in a financial disclosure that listed her net worth at up to $30 million – while doubling down that she is not a millionaire, a report said.
The lefty “Squad” lawmaker – facing fraud probe calls from President Trump – insisted the initial figures in a disclosure filed last May were completely off-base, as an amended filing now shows shared assets with her husband of up to just $95,000, according to The Wall Street Journal.
“The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,” her spokesperson, Jacklyn Rogers, told the outlet.
“The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified.”
The original disclosure signaled a striking surge in income, listing that Omar and her husband, Tim Mynett, held assets valued between $6 million and $30 million – a roughly 3,500% jump in net worth from 2023 to 2024.
The inflated figures stemmed from Mynett’s two businesses – a Santa Rosa, California-based winery and a venture capital firm headquartered in Washington, DC.
The winery’s assets were valued at between $1 million and $5 million, while the DC firm, Rose Lake Capital, was valued at between $5 million and $25 million by the end of 2024.
By comparison, the winery, eStCru LLC, was valued at just $15,000 to $50,000 in the congresswoman’s prior disclosure, while the venture capital firm showed less than $1,000 in assets in 2023.
The amended filing, reviewed by the Journal, put the couple’s assets at $18,004 to $95,000.
While the juiced-up numbers sent shockwaves through Capitol Hill, fueling scrutiny over her reported skyrocketing wealth and speculation she was a secret millionaire, aides of Omar said she reviewed the filing before submission but didn’t flag the staggering errors.
They said the glaring mistake was missed because the 43-year-old pol is not involved in her husband’s businesses, the outlet reported.
Her lawyer told the Office of Congressional Conduct that the errors resulted from reliance on accountants.
“As the busiest of people, it is very common for members and their spouses to rely on learned professionals like accountants to make calculations and determinations that appear on public filings,” the lawyer wrote in a letter.
“While the error is of course unfortunate, there is nothing untoward and nothing illegal has occurred.”
