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In early September 2025, a rumor spread online that Minnesota Democratic Rep. Ilhan Omar’s net worth had skyrocketed since she first became a member of Congress in 2019.
For example, one Facebook post read: “Ilhan Omar reported a negative net worth of -$45,000 when she was first elected to Congress in 2019. Her latest financial disclosure from May 2025 shows a net worth of up to $30 Million.”
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 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 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.
Omar did not immediately respond to a list of questions about her access to her husband’s wealth. However, in a February 2025 X post, Omar said she does not own stocks or a house and is still paying off her student debt.
“I barely have thousands let alone millions,” she wrote in response to a claim that she “turned her $175,000 annual salary into an astonishing $83 million net worth.”
Here’s what we know about the representative’s finances.
Omar’s financial disclosures
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.
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
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 Rep. Alexandria Ocasio-Cortez became a multimillionaire after spending five years in Congress and an unproven assertion that Republican Texas Sen. Ted Cruz’s net worth increased from $500,000 to $4.6 million since becoming a senator.
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Rae Deng
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