Ilhan Omar is facing intensifying scrutiny over her finances after dramatically revising a congressional disclosure that once appeared to show millions in assets.
The Minnesota Democrat insists she is not a multimillionaire and blaming the discrepancy on accounting errors, as President Donald Trump pushes for a fraud investigation.
Omar, long a target of Trump and Republican critics, had previously filed a disclosure indicating she and her husband held assets valued between $6million and $30million.
The figure raised eyebrows on Capitol Hill and prompted calls for closer examination.
But an amended filing reviewed by The Wall Street Journal now paints a radically different picture: Omar and her husband’s assets are listed at just $18,004 to $95,000, a fraction of what had been reported.
Her office now says the earlier figures were wrong.
‘The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,’ said Jacklyn Rogers, a spokeswoman for Omar.
‘The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified.’
The shift from tens of millions of dollars to under six figures marks a dramatic reversal that has fueled political tension in Washington.
The earlier filing attributed significant value to business interests tied to Omar’s husband, Tim Mynett, a former political consultant involved in ventures including a Washington-based venture-capital management firm and a winery in Santa Rosa, California.
In the amended disclosure, those same businesses are now listed as having no value once liabilities are taken into account.
Because congressional financial disclosures require reporting in broad ranges rather than precise figures, the original filing’s wide valuation band – up to $30 million – drew particular attention.
The revised filing sharply undercuts that narrative.
Omar’s team has attributed the discrepancy to a reliance on financial professionals.
A lawyer representing the congresswoman told the Office of Congressional Conduct that the inaccurate filing was unintentional and stemmed from standard 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.
‘While the error is of course unfortunate, there is nothing untoward and nothing illegal has occurred.’
Aides said Omar reviewed the disclosure before it was filed but did not identify the issue, in part because she is not directly involved in her husband’s business operations.
Despite the sharply reduced asset valuation, the amended disclosure shows the couple reported between $102,503 and $1,005,200 in income tied to those same holdings in 2024.
Supporting documents indicate Mynett received $213,200 in distributions from the venture-capital firm and $3,000 from the winery that year.
The filing also lists personal liabilities, including:
- $15,001 to $50,000 in student debt
- $15,001 to $50,000 in credit-card debt
In January of this year, the House Oversight Committee, led by Chairman James Comer, began examining how the ‘Squad’ lawmaker and her husband rapidly amassed millions – at a time that a $9 billion Somali social services fraud scandal also exploded in her state.
Investigators have been openly weighing subpoenas as they probe whether politically connected businesses tied to Omar’s family warrant deeper scrutiny, House Republicans said.
The investigation follows federal prosecutors opening a broader investigation into alleged industrial-scale fraud involving billions of dollars in social service funds in Minnesota.
Republicans say that scandal alone makes Omar’s apparent financial windfall impossible to ignore.
‘We’re going to get answers, whether it’s through the Ethics Committee or the Oversight Committee, one of the two,’ Comer said to the New York Post at the time.
The scrutiny intensified after Omar’s 2024 financial disclosure revealed her family’s net worth ballooned to as much as $30 million in a single year, according to the ranges reported on the form.
In a video she posted to Instagram, the congresswoman scoffed at questions about whether she was connected to the fraud scandal emerging in her state this month.
‘Why would there be an allegation that I’m complicit? How would I be complicit?’ Omar snapped at a reporter.
When pressed further, she lashed out: ‘Do you just ask stupid questions?’
‘Nine billion, really?’ Omar said sarcastically referencing the reported level of the alleged fraud. ‘That is more than half of the resources that are allocated. So, you genuinely think your brain has told you that it is possible for half of the resources for our public service to have disappeared? Listen to yourself.’
When the reporter cited Comer’s concerns during a House Oversight hearing, Omar doubled down.
‘That’s what Comer believes because he’s as smart as you are,’ she said. ‘There’s absolutely no goddam way.’
Omar has forcefully rejected any suggestion of wrongdoing. She has never been charged or formally accused of a crime in relation to the alleged Minnesota fraud scandal nor her husband’s soaring net worth.
Trump has publicly suggested Omar profited from Minnesota‘s widely reported welfare fraud scandal and said the Justice Department is scrutinizing her – claims she has strongly rejected.
‘For years, he has called for investigations against me and they have found nothing,’ Omar said in January, adding that Trump has ‘an unhealthy and disturbing obsession with me and the Somali community.’
Her office said she has not received any communications from the Justice Department or congressional Republicans regarding an investigation.