Ilhan Omar’s Wealth Disappears Faster Than Taxpayer Dollars in Minnesota [WATCH]

Rep. Ilhan Omar, D-Minn., said she is not a millionaire and attributed a large discrepancy in her financial disclosure to an accounting error after earlier filings listed her assets as high as $30 million.

An amended filing reviewed by The Wall Street Journal shows that Omar and her husband’s assets fall between $18,004 and $95,000.

The revised figures represent a significant change from a previous disclosure that estimated their holdings between $6 million and $30 million.

“The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,” Omar spokesperson Jacklyn Rogers told the Journal. Rogers added that the filing was corrected “as soon as the discrepancy was identified.”

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The updated filing came after the Office of Congressional Conduct requested additional information earlier in the year, according to the Journal.

Omar’s attorney addressed the discrepancy in a letter to the congressional watchdog, stating that the error was unintentional and stemmed from reliance on professional accountants.

“As the busiest of people, it is very common for members and their spouses to rely on learned professionals like accountants to make calculations and determinations that appear on public filings,” the attorney wrote, according to the Journal.

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“While the error is, of course, unfortunate, there is nothing untoward, and nothing illegal has occurred.”

The amended disclosure shows that Omar reported between $102,503 and $1,005,200 in income in 2024 from assets owned by her and her husband, according to the Journal.

Supporting documentation attached to the attorney’s letter indicated $213,200 in distributions to her husband from his venture capital management firm, along with $3,000 from a winery.

A 2025 email between Omar’s husband and his accountant valued the venture capital firm at $7.9 million and the winery at $1.5 million.

Tax documents cited by the Journal show that he owns approximately one-third of both businesses.

The revised filing also indicates that Omar carries between $15,001 and $50,000 in student loan debt, along with a similar amount in credit card debt.

The earlier discrepancy drew attention from House Republicans, who questioned how such a large shift in reported assets could occur without being identified.

In a February letter addressed to Omar’s husband, House Oversight Committee Chairman James Comer, R-Ky., raised concerns about financial disclosures tied to two companies, eStCru LLC and Rose Lake Capital.

Comer noted that the reported value of the companies had increased from tens of thousands of dollars in 2023 to as much as $30 million in 2024.

He said the sudden change “raises concerns that unknown individuals may be investing to gain influence” and requested financial records connected to the businesses.

Omar’s office responded to the inquiry, characterizing Comer’s request as “a political stunt” and part of a campaign “meant to fundraise, not real oversight,” according to The Associated Press.

Earlier financial disclosures had listed Omar’s husband’s business interests in the millions, including a winery valued between $1 million and $5 million and a venture capital firm valued between $5 million and $25 million.

Those valuations were later revised in the amended filing, which listed the businesses as having no net value once liabilities were taken into account, according to the Journal.

Omar, who was first elected in 2018, has frequently clashed with President Donald Trump. She has also been the subject of criticism from Republican lawmakers in connection with financial and policy issues.

President Trump has previously suggested that Omar benefited from Minnesota’s welfare fraud scandal involving individuals from the Somali community, a claim she has denied.

Judicial Watch President Tom Fitton also commented on the amended filing, raising questions about how liabilities factored into the revised asset totals.

“Ilhan Omar says her congressional financial reports have massive accounting error,” Fitton wrote on X.

“She and her husband only worth 18k-86k, NOT $6 million-$30 million! Previously unreported ‘liabilities’ erase wealth!”

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