From the Washington Free Beacon: Rep. Ilhan Omar’s personal fortune exploded to upwards of $30 million in 2024, the Minnesota Democrat disclosed just months after telling the press it is “ridiculous” and “categorically false” to say she is worth millions of dollars.
Omar reported in her latest financial disclosure that she and her husband, former political consultant Tim Mynett, accumulated a net worth at the end of 2024 ranging from at least $6 million to $30 million. Their wealth is derived almost entirely from the value of Mynett’s ownership stake in his two companies that, together, were worth no more than $51,000 at the end of 2023. The exact value of Omar’s personal fortune at the end of 2024 is unclear—lawmakers disclose the value of their holdings and debts in ranges. Still, the figures in Omar’s latest disclosures show that her and her husband’s net worth skyrocketed by at least 3,500 percent in just one year.
Omar’s extraordinary accumulation of wealth in 2024 could raise uncomfortable questions for the Minnesota Democrat, who in February told Business Insider that she has been the subject of a “coordinated right-wing disinformation campaign” that falsely claims she’s worth millions of dollars. Omar said any insinuation that she’s worth more than a few thousand dollars was “ridiculous” and “categorically false.” She also took to X in February, challenging her followers to “maybe try checking my public financial statements and you will see I barely have thousands let alone millions.”
Slapping down claims about her wealth, Omar sneered, “My salary is $174,000 before taxes, I don’t have stock or own a home and still paying off my student debt. So if you are going to lie on something that is public, maybe try checking my public financial statements and you will see I barely have thousands let alone millions 🤦🏽♀️.”
However, the Free Beacon notes that Omar’s husband’s wealth has mysteriously skyrocketed.
At the end of 2023, Mynett’s combined stake in his two firms, California-based winery eStCru LLC and venture capital firm Rose Lake Capital, was less than $51,000, and the firms had less than $700 in their bank accounts.
Also, Mynett and his business partner, former DNC adviser Will Hailer, were saddled with lawsuits from investors claiming they defrauded them out of millions of dollars, the Free Beacon noted.
But something happened over the next year. By the end of 2024, “Mynett’s combined stake in the two firms ballooned to anywhere between $6 and $30 million, and he and Hailer settled the lawsuits with cash settlements,” the Free Beacon wrote.
READ MORE from the Washington Free Beacon.
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