WASHINGTON – President Donald Trump has repeatedly accused Rep. Ilhan Omar of financial wrongdoing, but the Democratic lawmaker has amended her financial disclosure filings to show that she and husband hold only modest financial assets.
The new filing shows that Omar, D-5th District, and her husband, former political consultant Tim Mynett, have assets worth between $18,000 and $95,000. The new filing also shows the lawmaker continues to be burdened by a student debt that ranges from about $15,000 and $50,000.
Omar’s financial disclosure filing for 2024, filed last year, showed that Mynett’s businesses were valued at between $6 million and $30 million.
That touched off a series of attacks from Trump and his supporters because the values of Mynett’s companies were sharply increased from what they were valued in the lawmaker’s 2023 disclosure.
Related: Trump’s GOP allies in Congress seek to turn up heat on Ilhan Omar with ethics probe
Trump suggested that Omar profited from Minnesota’s social services fraud scandals and said the Justice Department was investigating her because of what appeared to be a significant jump in the lawmaker’s financial assets.
But Omar’s office says the valuations of Mynett’s companies, one a winery in California and another a venture capital firm, were made in error because they did not include the companies’ liabilities and debts.
The values of the companies were further distorted because disclosure forms — which also require the disclosure of a spouse’s assets — report investment holdings and liabilities in wide ranges, so only a broad view of assets and debts are made public.
A 2025 email between Mynett and his accountant showed the venture capital management firm valued at $7.9 million and the winery at $1.5 million. But Mynett owns only about a third of each business.
Omar’s amended return shows that Mynett received between $2,500 and $5,000 from the winery and between $100,000 and $1 million from the venture capital management firm. Amended returns are not uncommon.
“The amended disclosure shows what we have been saying all along – the congresswoman is not a millionaire,” said Omar spokeswoman Jaqueline Rogers in a text. “The original filing was based on incomplete information from Mr. Mynett’s businesses’ accountants in good faith and in deference to professional judgment. It listed assets without liabilities and significantly overstated her husband’s net worth.”
Rogers said the “accounting error created a misleading picture of far greater wealth.”
That “picture of greater wealth” not only prompted Trump’s attacks on Omar’s finances but also provoked House Oversight and Government Reform Chairman James Comer to begin his own investigation of the progressive lawmaker’s finances and to seek documents from Mynette’s businesses.
Comer also made a referral to the House Ethics Committee over Omar’s personal finances. She amended her filing after her office was contacted by the House Office of Congressional Conduct, an independent, non-partisan entity that reviews allegations of misconduct against lawmakers and refers them to the House Ethics Committee if they are found to be credible.
“The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified,” Rogers said. “The amended disclosure is not complete and accurate.”
Some Republicans, however, including Rep. Tom Emmer, R-6th District, don’t want to let the matter rest. In a post on X and on an appearance on Fox News on Monday, Emmer continued his attacks on his Democratic colleague, calling her “a complete fraud.”
“She went from $65,000 in net worth that she was reporting on her disclosure to reporting more than $30 million,” Emmer said on Fox News. “And guess what? Now she comes out and says, ‘Oh, that was a mistake on our disclosure. I just took a quick look at our disclosure and missed it.’ Not only should her accountant be fired but that girl should be fired. She does not deserve to be in Congress.”
Members of Congress have a May 15 deadline to file their 2025 disclosure reports.
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