According to a rumor that circulated in late 2025, U.S. Rep. Ilhan Omar’s net worth increased by tens of millions of dollars after she took office in 2019.
For example, one X post (archived) about the claim read, “JUST IN: It has been revealed Ilhan Omar’s net worth grew from negative $45k in 2019 to $30 million this year — despite her salary being just $174k/year.”
JUST IN: It has been revealed Ilhan Omar’s net worth grew from negative $45k in 2019 to $30 million this year — despite her salary being just $174k/year. pic.twitter.com/b5hZpZL2S7
— Polymarket (@Polymarket) December 29, 2025
Similar iterations of the claim circulated on X and in conservative tabloids like the New York Post and the Daily Mail, while a Snopes reader contacted us to ask if Omar’s “stunning spike in net worth” could be attributed to her “husband’s connection to a winery” or if there was more to the story.
While somewhat factual, this claim required context. Omar, a Minnesota Democrat, did have a negative net worth in 2019, according to her financial disclosure filing for that year. Furthermore, her 2024 financial disclosure, filed in May 2025, listed millions in assets — but those assets represented estimated valuations for businesses run in part by her husband, political consultant and entrepreneur Timothy Mynett, whom she married in 2020.
Omar’s financial reports did not list a single number for each of her assets and liabilities, instead offering a wide estimated range for each listed monetary item, as is expected from filers. Federal law also did not require members of Congress to disclose certain types of financial assets as of this writing.
Given that we did not have a definitive idea of her exact net worth and the Facebook post did not specify whether it was referencing her individual or household net worth, we have not rated this claim.
In an emailed statement, Omar’s office called the claim “inaccurate” and a “right-wing smear campaign.”
“If reporters actually read the financial disclosure, they would clearly see that the income that was received did not exceed $15,000. The value range listed for the assets reflects the full cost assessment of the businesses, in which her husband is one of several partners, and does not reflect her husband’s individual share,” the statement said.
Omar also addressed the allegations in a TikTok video posted on Sept. 3, in which she pointed out that the income she and her husband actually received was minimal. “Keep wishing millions into existence so I could pay off these student loans,” the caption of her TikTok joked.
Here’s what we know about the representative’s finances.
Omar’s financial disclosure for 2019, filed on Aug. 13, 2020, showed a single asset: a retirement account, valued at $1,001 to $15,000. She also only listed one liability: student loan debt incurred in October 2005, estimated between $15,001 and $50,000.
In her 2024 report, filed on May 14, 2025, Omar listed six assets and two liabilities. Of her assets, she had anywhere from $1,001 to $15,000 in interest coming from her congressional savings account. In addition, she maintained three different retirement investment accounts, with a total estimated value ranging between $17,003 and $80,000.
The majority of value from the listed assets came from two businesses run by Mynett, her husband, and were thus labeled as “Partnership Income.” Omar’s filing valued Mynett’s winery, eSt Cru Wines, at about $1 million to $5 million. Mynett’s venture capital management company, Rose Lake Capital, was valued between $5 million and $25 million. Mynett co-founded eSt Cru Wines in 2020 alongside longtime business partner William Hailer, who was listed as CEO on the company’s initial business license. Rose Lake Capital’s website lists three other partners aside from Mynett.
In addition, Omar reported $15,001 to $50,000 in student loan debt and $15,001 to $50,000 in credit card debt.
In other words, based on her financial disclosure forms, Omar estimated her overall household net worth as ranging between approximately $6 million and $30 million — but her individual net worth as anywhere between negative $82,000 and positive $65,000. However, this assumes that Mynett owns his businesses outright, rather than in partnership. (Snopes reached the first figure by subtracting her maximum liabilities from her minimum assets; we reached the second figure by subtracting her minimum liabilities from her maximum assets).
Aside from what Omar included in her financial disclosures, she also would have received her annual $174,000 salary as a member of Congress, an amount that has not changed since 2009, according to an August 2025 Congressional Research Service report (see “Compensation”).
Snopes has previously fact-checked other rumors about various elected officials’ wealth, including one false claim that Democratic New York U.S. Rep. Alexandria Ocasio-Cortez became a multimillionaire after spending five years in Congress and an unproven assertion that Republican Texas U.S. Sen. Ted Cruz’s net worth increased from $500,000 to $4.6 million since becoming a senator.
