One year ago, Democratic socialist Rep. Ilhan Omar’s financial disclosure showed she was worth as much as $30 million.
Suddenly, just months after the massive fraud crackdown inside her home state of Minnesota, the money is all gone. In fact, Omar may be massively in debt.
She won’t explain why.
Omar’s husband, Democratic operative Tim Mynett, has seen two businesses collapse in recent years. In Omar’s 2024 financial disclosure, Mynett’s California winery eStCru was valued between $1 million and $5 million.
Omar signed off that his venture capital firm Rose Lake Capital was valued between $5 million and $25 million. “That year, Rose Lake Capital had no money, assets or investments, partner Will Hailer told a U.S. bankruptcy court in Delaware,” The New York Post reported.
An investor in eStCru has filed a complaint that Mynett and his partner “fraudulently misrepresented … that estCru, LLC was a legitimate company.”
In her most recently filed 2025 report, both businesses are listed at $0. The money flowing into the Omar’s family’s pockets has suddenly dried up.
Omar and Mynett’s combined assets are now reported at just $20,000 to $125,000. Their combined debt ranges from $30,000 to $100,000. At the low end of assets and high end of debts, the couple could be $80,000 in the hole.
The wealth trajectory is staggering in both directions. When Omar was first elected in 2018, she reported a negative net worth.
By 2023, Mynett’s two businesses were worth a combined $51,000 at most. Then, in her May 2025 filing covering 2024, those same businesses suddenly appeared worth anywhere from $6 million to $30 million — a jump of more than 3,500% in a single year.
The explosion drew immediate scrutiny. House Oversight Committee Chairman James Comer (R-KY) sent a letter to Mynett in February, noting the disclosures showed the businesses went from “$51K to $30 million in one year — with zero investor information.”
“Unknown individuals may be investing to gain influence with your wife,” Comer wrote at the time.
Omar’s office blamed an “accounting error.” A spokeswoman said the original filing was based on “incomplete information from Mr. Mynett’s businesses’ accountants in good faith.”
She also said Mynett is one of “several partners” in both ventures. California business records show only two individuals listed as members of eStCru: Mynett and his co-founder Hailer, a former DNC operative.
One month after Omar filed her amended 2024 disclosure — listing both businesses at $0 — the winery shut down permanently. eStCru LLC was dissolved April 4, 2026. Nine days later.
The House Ethics Committee opened a formal investigation into Omar’s finances in February.
Around the same time, JD Vance has said the DOJ would open a probe into Omar’s alleged ties to the Minnesota Medicaid and child nutrition fraud scandals that have roiled Minneapolis’ Somali community.
Omar has faced mounting criticism for her role in loosening oversight of the Feeding Our Future food assistance program that became a $250 million fraud scheme, the Justice Department said.
Right as federal investigators crack down on the fraud reached it’s heights, Omar’s husbands investors suddenly dried up.
No charges against Omar have been filed or direct accusations of fraud made. Still, RNC spokeswoman Delanie Bomar did not hold back.
“Voters see right through the corrupt lies of Ilhan Omar,” Bomar said. “Omar has spent her entire career covering up Democrat-enabled fraud that cost taxpayers billions, so it’s no surprise that she would do the same for her husband.”