Ilhan Omar is facing backlash over her family’s finances after new disclosure forms revealed her husband’s income has dropped significantly, with documents showing he earned just a few hundred dollars last year, the New York Post reports.According to Omar’s 2025 financial disclosure report, her husband, Tim Mynett, did not receive a salary from his investment firm, Rose Lake Capital, during that period. The only income associated with him was from a California wine business, eStCru, which brought in between $200 and $1,000 before closing earlier this year, the filing said.That’s a dramatic change from last year, when it was revealed the couple’s business interests could be worth $5 million to $30 million. The figures have sparked debate about how valuations are calculated.An amended document was subsequently filed, revising the value of the assets to zero. The adjustment was attributed to an accounting error.Even with the revised figures, Rose Lake Capital still made $100,000 to $1 million in revenue during the same period, in addition to the now-shuttered wine business that brought in thousands more before it ceased operations.The latest 2025 disclosure also shows the couple’s total assets range from $20,000 to $125,000, with liabilities including credit card and student loan debt estimated to be between $30,000 and $100,000. This would leave their net position negative.The changes have reignited criticism from political opponents, especially given previous documents showing a sudden increase in estimated wealth. In 2024, the couple’s business value appeared to jump to millions, before being revised downwards.A spokesperson for Omar told TMZ: “The revised disclosure confirms what we have said all along: the congresswoman is not a millionaire. The original filing was based on incomplete information from Mr. Mynette’s corporate accountant, who acted in good faith and respected the professional judgment.”“The representative continued…” It listed assets with no liabilities and greatly inflated her husband’s net worth. Accounting errors created a misleading picture of much greater wealth. Once the discrepancy was discovered, the congresswoman voluntarily changed her disclosure. The revised disclosure is now complete and accurate. “The controversy comes amid political scrutiny and comes some time after Omar’s financial filings drew attention amid separate concerns over a fraud investigation related to Minnesota’s social services programs.Meinette worked in Democratic politics for nearly two decades and co-founded Rose Lake Capital in 2022 with longtime partner Will Hailer. In 2012, he worked with Hailer on Minnesota Attorney General Keith Ellison’s congressional re-election campaign.Ellison later gave up his House seat in 2018, a move that paved the way for Omar’s election, and Heller has previously said he played a role in the transition.In earlier reports, Mynett’s wine business eStCru sold wines including “Devil’s Lie” before closing this year.In response to these disclosures, Republican National Committee spokesperson Delanie Bomar said:“Voters can see right through Ilhan Omar’s lies about corruption,” Republican National Committee spokesperson Delany Bomar told the New York Post. “Omar has spent her entire career covering up Democratic-facilitated fraud that cost taxpayers billions of dollars, so it’s no surprise that she would do the same for her husband.”
