Rep. Ilhan Omar, one of the founding members of the “Squad,” has become the latest Democrat to constantly bash the rich while herself raking in millions of dollars. Despite earning an annual salary of just $174,000, Omar’s net worth has skyrocketed to as much as $30 million – after she denied being a multi-millionaire earlier this year.
As first reported by The Washington Free Beacon, according to Omar’s most recent financial disclosure, she and her husband’s net worth reached somewhere between $6 million and $30 million in 2024. While lawmakers aren’t required to report exact value figures on their assets, just a range, that still means Omar’s net worth has increased at least 3,500 percent since 2023.
Notably, Omar told Business Insider in February that the suggestion that she is worth millions of dollars is “ridiculous” and “categorically false.” In a subsequent post on X, Omar encouraged people to check “my public financial statements and you will see I barely have thousands let alone millions.”
But as those statements show, Omar’s net worth puts her far above the average American. Even at the low end of her reported asset range, $6 million, that would still mean she is among the richest two percent of all American households. At $30 million, she would be comfortably among the richest one percent – a group whom she previously said should be taxed at a rate of 70 percent or more. (The current net worth threshold to be considered in the top one percent of American households is about $11.6 million)
As the Beacon reported, most of Omar’s wealth is thanks to her husband, Tim Mynett, who owns a stake in two businesses that have seen extraordinary and unusual increases in value over just one year.
The first, a winery operating under the name eStCru LLC, had assets valued between $15,000 and $50,000 in Omar’s 2023 financial disclosure, but now has assets valued between $1 million and $5 million.
The second business, a venture capital firm operating under the name Rose Lake Capital LLC, has seen an even more dramatic explosion in value. After the company reported less than $1,000 in assets in 2023, that figure swelled to between $5 million and $25 million in 2024. The company’s website claims that it has $60 billion in assets under management.
Omar has not offered any explanation for why she claimed to be worth “barely thousands,” but in fact has a net worth higher than at least 98 percent of all Americans. She has also failed to explain how her husband’s venture capital firm managed to become so successful just months after investors filed lawsuits claiming the firm defrauded them of millions of dollars.
As of now, Omar is not under any sort of investigation, nor has she officially been accused of any wrongdoing by any law enforcement authorities. But as some voices on social media have pointed out, the circumstances of her sudden net worth increase are at the very least suspicious.
“Ilhan Omar, on a $174K salary, increased her net worth $24 million in a single year, because of a shady venture capital firm she invested in that had less than $1,000 in assets ballooning up to $25 million in a year,” Mike Benz, the executive director of the Foundation for Freedom Online, wrote in a post on X. “Either the dumbest people in Congress are smarter than the smartest people on Wall Street, or Wall Street has just gotten more clever about money laundering methods for their lackeys in Congress. You be the judge.”
But even if Omar and her husband haven’t engaged in any illegal or unscrupulous business activity, that still doesn’t change the fact that Omar has now become the very thing she has spent her entire career railing against – a wealthy capitalist.
Omar has notably closely aligned herself with self-described “Democratic Socialists” throughout her tenure in Congress, including Rep. Alexandria Ocasio-Cortez (D-NY). The Democratic Socialists of America (DSA) have issued statements in solidarity with Omar, and Omar has a history of endorsing socialist candidates in Democrat primaries. Omar and Ocasio-Cortez endorsed DSA member Senator Bernie Sanders (I-VT) for president in 2020.
In 2024, Omar and Rep. Pramila Jayapal (D-WA), the leader of the Congressional Progressive Caucus, also made a secret trip to Cuba, which many viewed as an implicit endorsement of that country’s communist system.
But Omar is hardly the only anti-capitalist to enjoy the fruits of America’s capitalist system. Sanders, who has famously said billionaires shouldn’t exist, owns three homes and is worth $2.5 million. Senator Elizabeth Warren (D-MA), who has called for socialist policies like nationalizing corporate boards and has endorsed socialist New York City mayoral candidate Zohran Mamdani, is worth an estimated $8 million.
Far-left filmmaker Michael Moore, meanwhile, who has called capitalism “evil,” is worth an estimated $30 million. Hasan Piker, a popular social media influencer who regularly releases content promoting socialism, makes millions of dollars per year.
At the end of the day, Omar’s story is nothing new. From Havana to Caracas to Moscow, socialist elites have always lined their pockets while lecturing everyone else about “equity” and “fairness.” Omar’s champagne socialism is just the latest chapter in a long, ugly history of hypocrisy. While she and her political allies rail against capitalism in public, they exploit it in private to become exactly what they claim to despise.
Shane Harris is the Editor in Chief of AMAC Newsline. You can follow him on X @shaneharris513.
She has NO business representing American citizens! She is a fake and a fraud who came to America by marrying her brother. Deport her
It’s amazing how so many that hate America have no problem taking advantage of America.
People, please wake up! These folks are fighting like crazy against President Trump because he is on to them. She is one among many who have used their position to increase her personal wealth. She’s not committed to our way of life; she protests capitalism yet is gathering wealth as we speak. I suspect Soros is the benefactor of these corrupt insurrectionists. Not enough room here to explain the history of the plot made decades ago to destroy our Republic, but it is now coming to fruition. We all have eyes and ears, and I strongly suggest we insist that our leaders address this head on. Let’s not be like the frog who was placed in a pan of comfortably warm water, enjoyed the warm water– only to have the heat turned up until the frog was sitting in boiling water and unable to escape. Wake up folks, our Republic and our freedom is at stake.
I am absolutely sick of these lefties spouting lies about the “rich” and billionaires, when MOST of the billionaires are Democrat voters and donate millions to left-wing causes. Start publishing this information on X and Facebook and anywhere else that the MSM can’t censor! People need to know this stuff. At a minimum, some Republican PAC should put up an ad on the MSM channels and scroll the names and net worth of Pelosi, Schumer, Jeffries, Omar, AOC, etc for people to see. Get some great independent journalist like Matt Taibbi to publish a list of ALL of Congress and let people do the math themselves!
SURPRISE, SURPRISE. Minnesota has a billion dollars of fraud being investigated. Anyone want to guess where some of those hundreds of millions of dollars might be?
Isn’t it amazing the number of “socialists” that are millionaires? And billionaires become liberals and hopes of keeping the wolves away from their door. Don’t go after my money I’m on your side. Essentially they’re a prime example of I’ve got mine and you can’t have yours. Socialism / communism does not bring anybody up, it just brings everybody down to the same level.
Do as I say not as I do. Obama, Pelosi are left out of this story. O is worth 70 million maybe more with three estates. Nancy went from 84 million to 400 million. Omar must have gotten the same insider trading information last year as Nancy. DOGE found so much waste and fraud but the democrats made him the villain and destroyed him by burning down his cars. The left screams what is wrong but are doing the thing they scream about. Mamdani is rich. Michelle Obama spoke at the convention about not having more than you need. In meantime they live in the lap of luxury. Bernie Sanders is another. Nobody gives any of that money away. They don’t live in a row house. Where is their Equity they keep talking about we all have to give up. They sit in their mansions screaming about the Oligarchs while they are oligarchs themselves. Flying on private planes. While we are told don’t fly or drive your carbon footprint is too great. These communists philosophy is do as I say not as I do. Let’s call them out and vote them out if we can’t legally impeach them.
WHY HAS THIS NON-CITIZEN, AMERICA-HATING SOCIALIST-COMMIE B**CH AND HER BROTHER NOT BEEN DEPORTED OR THROWN IN PRISON FOR THEIR CRIMES?
From her Uncle….Uncle Soros?
The radical Muslims and the radical liberals are working to destroy our country so they can take it over. They admitted it out loud in their gathering in DC over the Labor Day weekend. Catch the video of Rashida Tlaib’s speech…the one inside as well as the one outside on the street. It is sickening how they speak of our country and we, the people. We MUST stop letting these Muslims immigrating to the U.S. and we should NOT allow the ones who become citizens to run for public office!! I am sure their voters come from their districts full of these people.
President Trump needs to address the enemies of our country!!!!
She is as much a part of the Terrorists as Mandam.
DemonRat, Socialist, Marxist, Communist Elites will always lecture the populous about how bad Capitalism is yet hypocritically use their positions to make multi-millions of Dollars. “What we tell you to be against, is what we are for. Capitalism is great for us Anti-capitalists.”
Is there any real difference between her and husband when associated with the Pelosi crime family?
This woman who says she’s Muslim just because she wears headgear, is a complete fraud. Is it OK for Muslims to lie, cheat, and steal? I would assume that IS ok because killing “infidels” is actually part of their Quaran teachings. Why isn’t she being held accountable and why isn’t more being delved into to find out how she/her husband has such immense increases in salary? Most people sure would be especially when it’s SO substantially more than in 2023. Anyone who votes for this excuse of an American is as bad as those who voted for Tampon Tim (her dear friend) and the pter
I’m sure she hasn’t given her husband any stock tips, right? Just like Nancy Pelosi hasn’t helped Paulie P. Amazing how [some] millionaires and billionaires [Soros, etc.] decry the top 2% while being IN the top 2%. Why don’t they give away their lucre to the poor?
This woman does not represent American values to/for her constituents and is obviously a member of a subversive element in the nation intent upon displacing its citizens and replacing them, physically, with their own culture and its followers. The longer the wait for action, the deeper the burrowing will become.
SICK LADY
It’s amazing how rich these Democrats are. It’s dark money being funneled in.
If there is anything you can count on with Leftists, it is hypocrisy. They complain endlessly about wealthy people, yet always use the system they claim to hate to become wealthy themselves, all the while working to tear down the system that made them wealthy.
People on our side are fond of saying socialism doesnt work but it is top tier in two things: enslaving 99% of the population and making the ruling class fabulously wealthy.
They. Call themselves Socialist when all that means it’s communists. They know that if they called themselves communists that they’d never get elected. There are too many of us that know about communism because we grew up during the Cold War and we know a communist when we see one For all of you youngsters out there, Yes, I’m a boomer, and proud of it. I remember a much better America and Trump is trying to bring us back to our former glory. It’s not impossible, it ĵ just takes time. Trump can’t undo in six months what has taken years to get to the point of where our country is right now. Thanks for such a good article.
We have many in the US Congress and federal positions who came as refugees, by parents who were refugees, acquired a US naturalized US citizenship and US citizenship by parents who were illegals. As a many generations US citizen, I wholly object to those serving in US and Federal positions who were not born here or born to US citizens. We need to wise up and protect what the Founding Fathers gave us!
Doctors take the Hypocratic Oath, the Democrats take the Hypocrite Oath!
Omar, in a speech at a college said “Somalia” is number 1. I guess she forgot the oath she took. Why haven’t we gone after her for that? Socialism/Communism is trying to take over our country. Our people who built America have got to be crying in their graves. It is disgusting that we allow foreigners to hold office in the United States of America. It should not be allowed.
She says she does not have “multi-millions”….says it’s ridiculous for people to say she has more than a few thousand! Just proves what a little liar she really is! She broke our laws to come to our country so ICE…go drop kick her back to her true country, since she hates America so much….Somalia will take her back….& BTW remove all the salary she has been collecting since she lied and still lies to stay in Congress!
When will the corruption stop. So many reports but no arrests!!!
Champagne socialism ????
Love it!
All for me and nothing for thee!
Yes the very definition of hypocrisy.
Vote Republican!
As ridiculous as the reality of socialism is, I am glad that these people are coming forward as Socialists. Educated, informed Americans can easily see through the ‘chicken in every pot’ rhetoric. The only following that they have been able to garner is Democrats whose party is in its final death throes and very young people who are neither educated nor informed.
‘Omar has become the very thing she has spent her entire career rail against- a wealth capitalist.” And a hypocrite.
Sounds like tax evasion, and insider trading.
How do you smash the Trojan horse to bits, pulverize it for ever,because that is what we are dealing with, the enemy within .Every one who rails and rants against the country while getting rich by sucking it dry ,should be but is not dealt with according to the written law,oh but they are the law makers. That is rich.
this is one big problem with politicians they make money off of their job instead of doing their job this is treason we cannot recover from this and all the other stuff they are doing hope christ returns soon so we donnot have watch the collapse
donors
bribes
extortion?
My generation grew up reading 1984, Brave New World, and Animal Farm. We knew any government that can give you everything can also take it all away.
Unfortunately, young people don’t get a good education in American history and are prone to propaganda.
The woman is a liar, a fraud and a scam artist without ethics or integrity.. She should not be believed about anyone she knows or anything she has done or now does. The fact that she is in Congress is a disgrace to the voters of her district and her congressional friends who give her any purchase/respect at all. She is an embarrassment in our country.
Such a pity that non of our so called “journalists” don’t spare the time to hunt down the origin of the wealth these socialists accumulate. It’s a story we would all enjoy.
She makes ‘just’ $175K? I retired with an annual salary of less than $28,000. I live on that level pension. Of course, I’m extremely happy to pay into their incomes, (not) but it sure seems as if there are a lot of millionaire congress people! Now Chelsea Clinton wants to be one in New Jersey – running for Jerry Nadler’s seat. Isn’t a living wage enough?
NO surprise here….she, like most all of our elected officials (especially at the federal level) have found the cash cow and fund track they need to get rich, rich, rich. Their examples: Pelosi, The Clintons, Obama, Bidon, Schumer, Mcconnel, et al. No shortage of these kinds of grifters who use their offices, not as a platform to serve the people, but to serve themselves, by hook, crook, and crime. The use family and influences to gain. To get re-elected is to increase your net worth. That’s how the system works today. It even shows up in state levels. The problem is, so many are doing this, there is no motivation to stop the practice, since the ones not doing it, are heavily outnumbered and have no chance to promote change. Yet another reason for term limits across the board, even for appointed officials.
It’s funny to see Ihan claim that is not millionaire is really wild, I never dream that ripping the our capitalistic system to enrich herself!
She is from a hostile and enemy regime – and she’s in the American congress – what have they allowed – how have they allowed this.
All the wealthy politicians condemn wealthy people and no one challenges their hypocrisy. Total nonsense.
The event said that is they couldn’t destroy the USA from without that they would destroy the USA from within. This is what “the squad” represents. And now they are bringing in more like themselves.
Seize her assets and bank accounts, then investigate her.
She should have never been in any USA Political Office. Those should only be for Born in USA Citizens. Keep the sneaky not born in the USA creeps out, they need to go back to their Countries and steal from them.
THE ONLY WAY TO STO THIS HUMAN TRASH FROM DESTROYING AMERICA IS TO EITHER STRIP THEM OF THEIR ASSETS (OURT TRIALS) AND JAIL THEM AND/OR TRY THEM FOR TREASON, AND IF FOUND GUILTY, EXECUTE THEM. TALKING ABOUT IT DOES NOT WORK NOR DO ELECTIONS (TOO MANY STUPID VOTERS). IF WE DON’T GET REALLY TOUGH WITH THE COMMUNIST/SOCIALIST/DEMOCRATS, AMERICA, OUR WAY OF LIFE AND FREEDOMS WILL DISAPPEAR JUST LIKE ALL THE GREAT SOCIETIES AND NATIONS IN THIS WORLDS’ HISTORY.
GOD will soon destroy these people.
Is her husband mentioned in the article the same husband that is her brother
The introduction and finish to what may be the World’s greatest disaster story, Islam. It doesnt’ take a microscope to see what’s happening across the globe. Ilhan’s criminality is but spicing on the cake of doom.
As long as the people in our government can make the money they want (legally or illegally), they will turn a blind eye to their colleagues. As usual, nothing will be done about it because they always get away with it.