Did Democrat Rep. Ilhan Omar Say that Claims of Her Million-Dollar Networth Were False Right-Wing Disinformation?

By The Blog Source

In her most recent Financial Disclosure Report, which she submitted just months after labeling reports that she was a millionaire "ridiculous" and "categorically false," Representative Ilhan Omar revealed a net worth of up to $30 million. The declared assets of the Minnesota Democrat and her husband, Tim Mynett, skyrocketed, increasing by around 3,500% in only one year.

According to Omar's May financial statement, her net worth increased significantly from 2023 filings to as much as $30 million by the end of 2024. Mynett's companies, which include a winery in California and Rose Lake Capital, a venture capital firm located in Washington, D.C., account for a large portion of the couple's fortune. In 2024, the company claimed $5 million to $25 million in assets, up from less than $1,000 the year before.

On its website, Rose Lake Capital claims its influence in banking, politics, and law, as well as the $60 billion in assets it manages. In contrast, Omar said she wasn't affluent when she told Business Insider in February that she was a "working mom with student loan debt."

Following a Washington Free Beacon piece on Monday that highlighted the Minnesota Democrat's explosive income growth, there has been fresh interest in Rep. Ilhan Omar's financial records. At the end of 2024, Omar and her husband, political strategist Tim Mynett, disclosed assets of up to $30 million, a startling 3,500% increase over their 2023 filing.

Mynett's venture capital business, Rose Lake Capital LLC, seems to be at the core of that expansion. In 2024, Rose Lake's claimed assets skyrocketed to between $5 million and $25 million, according to Omar's reports. 

According to the company's own website, it has "deep global networks" established in over 80 countries, manages assets worth $60 billion, and has experience influencing laws and negotiating both politics and business. Notably, the company's stated income decreased to "none" in 2024 from $15,000 to $50,000 the year before, despite the significant increase in valuation.

Omar called rumors concerning her finances "disinformation" in February and accused those who spread them of spreading untrue stories. At the time, she described herself as a working mother who had student loan debt, raising a family and keeping up residences in Minneapolis and Washington, D.C. "Like the majority of Americans, I am not a millionaire, unlike some of my colleagues."

Requests for comment on Omar's enormous income increase, which has already generated criticism following years of her portrayal as a working-class politician, have not received a response from her office.

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