Rep. Ilhan Omar (D–MN) is under scrutiny after new financial disclosures revealed her household net worth surged from just $51,000 in 2023 to as much as $30 million in 2024. The staggering increase, over 3,500 percent, comes despite Omar’s repeated public denials that she or her husband were millionaires.
The financial growth centers on two companies tied to Omar’s husband, Tim Mynett. His California-based winery, eStCru LLC, was valued at only $15,000–$50,000 last year. It is now worth between $1 million and $5 million. Even more striking is the spike in value of his Washington, D.C.–based firm, Rose Lake Capital LLC, a venture capital operation that went from under $1,000 in declared value to between $5 million and $25 million within one year.
Omar filed the updated financial disclosures in May 2025, as required by the House Ethics Committee. While the source of the dramatic increase remains unclear, Rose Lake Capital reported no income in 2024, raising questions about how a company generating no revenue could attain such high valuations.
In early 2024, Omar publicly rejected claims of sudden wealth. She called reports of millionaire status “ridiculous” and said she was still paying off student loans and managing multiple mortgages. Yet her own filings now list a combined asset range of $6 million to $30 million, along with up to $100,000 in remaining debt and modest personal savings.
The revelation has sparked bipartisan concern. Lawmakers and watchdog groups are demanding an investigation into how a sitting member of Congress saw such a massive increase in wealth through spousal business holdings in under a year—particularly when one of those businesses had no recorded income.
While no formal ethics probe has been announced, questions are mounting. Rose Lake Capital’s rapid growth, paired with the absence of financial activity, has prompted calls for greater transparency into the business’s investors, clients, and operating structure. Critics argue that the situation raises red flags over potential conflicts of interest and misuse of influence.
