Minnesota Representative Ilhan Omar’s reported net worth has increased sharply, according to recent financial disclosures. Omar, a Democrat, had previously denied claims that she was a millionaire, calling such statements “ridiculous” and “categorically false.” However, new reports indicate her net worth may now be as high as $30 million.
The Washington Free Beacon first reported on the increase in Omar’s wealth. According to her latest disclosure, filed in May 2025, Omar and her husband Tim Mynett now have a net worth ranging from at least $6 million to $30 million. This is a significant change from the end of 2023, when Mynett’s two companies were valued at no more than $51,000. Lawmakers are required to report their assets and debts in ranges rather than exact figures.
Omar addressed previous rumors about her finances earlier this year. In February, she told Business Insider that allegations of her being worth millions were part of a “coordinated right-wing disinformation campaign.”
Most of the couple’s reported wealth comes from Mynett’s ownership stakes in his companies. One of these firms reportedly saw its value rise from no more than $1,000 in 2023 to up to $25 million by the end of 2024.
When Omar was first elected to Congress in 2019, she reported a negative net worth of -$45,000. The recent disclosure shows an increase of up to 66,676% over six years.
Omar’s financial situation has drawn attention due to her public stance on economic inequality and association with progressive policies similar to those supported by Senator Bernie Sanders.
There has been no official statement from authorities regarding whether there will be further investigation into the source or timing of this increase in wealth.
