Rep. Ilhan Omar now says she was never a multimillionaire. The Minnesota Democrat filed an amended congressional financial disclosure that slashes her previously reported household assets from a range of $6 million to $30 million down to just $18,004 to $95,000, blaming the staggering discrepancy on accounting errors tied to her husband's business interests.
The gap between those two numbers is not small. It is not a rounding error. On paper, Omar went from one of the wealthiest members of Congress to a lawmaker carrying student loans and credit-card debt, and her explanation boils down to: the accountants got it wrong.
The amended filing, reviewed by the Wall Street Journal, arrived after the Office of Congressional Conduct sent Omar a letter in March requesting additional information about the original disclosure. Omar's Washington lawyer responded that the inaccurate filing was unintentional, framing the episode as a routine paperwork mistake rather than anything requiring further scrutiny.
Last year, Omar's financial disclosure listed combined assets with her husband, Tim Mynett, in the $6 million to $30 million range. Congressional disclosure forms do not require exact figures, only broad ranges, which means the original filing placed the couple's wealth somewhere between comfortably rich and extraordinarily wealthy for a sitting House member.
The amended version tells a radically different story. Total assets: $18,004 to $95,000. Once liabilities are included, the filing shows the couple has no net value at all. Omar also disclosed $15,001 to $50,000 in student debt and $15,001 to $50,000 in credit-card debt.
That is a swing of tens of millions of dollars on a government form that members of Congress are legally required to file accurately.
The discrepancy centers on Mynett's business holdings. He is involved in several ventures, including a venture-capital management firm based in Washington, D.C., and a winery in Santa Rosa, California. A 2025 email between Mynett and his accountant, included in documentation attached to the lawyer's letter, states the venture-capital firm is valued at $7.9 million and the winery at $1.5 million. But tax documents included with the same letter show Mynett owns roughly a third of both businesses, meaning his personal stake would be a fraction of those headline valuations.
In 2024, Mynett received $213,200 in distributions from the venture-capital firm and just $3,000 from the winery. Omar's amended filing shows between $102,503 and $1,005,200 in total 2024 income from the couple's combined assets. Those are real numbers, but they bear no resemblance to the $30 million ceiling on the original form.
Omar's spokeswoman, Jacklyn Rogers, told the Wall Street Journal that the correction speaks for itself. As Fox News reported, Rogers said:
"The amended disclosure confirms what we've said all along: The congresswoman is not a millionaire."
Rogers also said Omar corrected the record on her own initiative. "The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified," she said.
Omar's lawyer struck a similar tone in the letter to the Office of Congressional Conduct, as the Washington Times detailed:
"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 lawyer added: "While the error is of course unfortunate, there is nothing untoward and nothing illegal has occurred."
Omar's aides have also said she looked at the 2025 form before it was filed but the error "did not jump off the page" because she is not involved with her husband's businesses.
This is not the first time Omar has pushed back aggressively against financial scrutiny. The Washington Free Beacon reported that Omar posted an Instagram video denying she had millions of dollars and criticizing coverage of her finances. In the video, Omar said, "Another day, another lying headline about millions of dollars that apparently I have." She also told critics to "learn to read before you post misleading s***."
But the Free Beacon noted that Omar's own rebuttal appeared to confuse asset value with annual income, the very kind of error her team now blames on accountants. House Ethics Committee instructions require members to report the value of a spouse's ownership stake in businesses, not the full enterprise value of the firms themselves. That distinction matters. If Mynett's accountants reported the full value of his companies rather than his ownership share, the inflated disclosure starts to make more sense as a mechanical mistake, but it also raises the question of how closely Omar and her team reviewed the numbers before signing off.
Omar has previously dismissed Republican probes as political theater, and her posture on this disclosure follows a familiar script: deny, deflect, and accuse critics of bad faith.
The original disclosure drew sharp attention from President Donald Trump and House Republicans, who called for investigations into Omar's finances. In January, Trump suggested Omar may have been profiting from welfare fraud scandals in the Somali community in Minneapolis, a claim Omar characterized as "an unhealthy obsession" with her and the Somali community.
Those tensions have only deepened in recent months. Omar heckled the president during his State of the Union address this year, and friction has grown during the crackdown on criminal illegal immigrants in her Minneapolis-area district and nearby suburbs.
The broader political backdrop includes immigration fraud allegations raised by Vice President JD Vance, who has discussed potential legal remedies with officials in the administration. Those claims are separate from the financial disclosure issue but contribute to the cumulative scrutiny Omar faces from the right.
The Newsmax report on the amended filing noted that no criminal charges have been filed in connection with the disclosure error. The Office of Congressional Conduct, a nonpartisan body charged with receiving and reviewing allegations of misconduct by House members and staff, has not publicly indicated whether it considers the matter closed.
Omar's team wants this story to end with a simple narrative: the accountants made a mistake, the congresswoman fixed it, and there is nothing more to see. But several questions remain open.
First, who prepared the original filing, and what documentation did they rely on? The 2025 email between Mynett and his accountant shows the venture-capital firm valued at $7.9 million and the winery at $1.5 million. If Mynett owns roughly a third of each, his share would be approximately $2.6 million and $500,000, still a far cry from $30 million, but also far more than the $18,004 to $95,000 the amended filing now claims.
Second, Omar says she reviewed the form before it was filed. Her aides say the error didn't jump off the page. But a disclosure claiming up to $30 million in assets for a member of Congress who carries student-loan and credit-card debt in the $15,001 to $50,000 range is not a subtle discrepancy. It is a chasm.
Third, the Wall Street Journal noted that amended filings "aren't uncommon" in Congress. That may be true for minor corrections. A revision that moves the needle by tens of millions of dollars is something else entirely.
Omar has shown a willingness to concede uncomfortable truths under pressure before, but only after exhausting every alternative explanation. This episode fits the pattern.
The New York Post reported that Omar's spokesperson and lawyer both insisted the filing errors resulted from reliance on accountants, not wrongdoing. Whether that explanation satisfies the Office of Congressional Conduct, or the voters in Omar's district, remains to be seen.
Congressional financial disclosures exist for one reason: so the public can see whether the people who write the laws are getting rich while doing it. When a lawmaker's reported net worth swings by tens of millions of dollars and the only explanation is "the accountants did it," the system has either failed or been gamed. Either way, the people who deserve answers are the ones footing the bill.
