Rep. Ilhan Omar’s latest financial disclosure is raising new questions after the Minnesota Democrat reported that her husband’s once-touted venture capital and wine interests are now bringing in next to nothing.
Omar’s husband, Tim Mynett, previously valued his business holdings at up to $30 million, according to earlier reporting, but the “Squad” member’s newly released 2025 financial disclosure paints a far different picture.
The filing says Mynett made no income last year from Rose Lake Capital, his main business.
It also lists only $200 to $1,000 in income from eStCru, his now-defunct California-based wine business, which sold bottles including “The Devil’s Lie” before filing for dissolution in April.
Ihan Omar reported the couple’s total assets as between $20,000 and $125,000 in 2025.
The disclosure also listed credit card and student-loan debt between $30,000 and $100,000, putting the couple’s reported net worth potentially deep in the red.
The new filing follows a messy financial paper trail that drew scrutiny after Omar and Mynett reported a sudden spike in wealth in 2024.
That earlier disclosure listed the couple’s assets as between $5 million and $30 million, a dramatic shift that quickly triggered questions about where the money came from and how the businesses were valued.
The scrutiny also came as a congressional investigation into Omar’s finances was launched and as a sprawling social services fraud scandal involving members of the Somali community in her district continued drawing national attention.
Omar later filed an amended 2024 disclosure in March, changing the value of Mynett’s ownership stakes in both businesses to zero.
She attributed the discrepancy to an accounting error.
Despite the businesses being listed as worth nothing in the amended filing, Rose Lake Capital still generated between $100,000 and $1 million in income that year, while the wine business generated between $2,500 and $5,000, according to the amended disclosure.
Republicans pounced on the shifting numbers, accusing Omar of dodging accountability.
“Voters see right through the corrupt lies of Ilhan Omar,” Republican National Committee spokeswoman Delanie Bomar told The Post. “Omar has spent her entire career covering up Democrat-enabled fraud that cost taxpayers billions, so it’s no surprise that she would do the same for her husband.”
Mynett, 44, launched Rose Lake Capital in 2022 with longtime business partner Will Hailer, another Democratic operative.
Omar and Mynett’s relationship has also drawn attention because he previously worked for her 2018 campaign through his former firm, eStreet Group.
Mynett and Hailer met while working for Minnesota Attorney General Keith Ellison in 2012, when Ellison was running for reelection to Congress.
Ellison later gave up that House seat in 2018, clearing the path for Omar’s rise to Congress.
Hailer has taken credit for helping orchestrate that political move.
Ellison has also faced scrutiny after being caught on tape in a meeting with Somali fraudsters, though he denied wrongdoing and said he took the meeting in good faith.
Omar’s office did not respond to The Post’s request for comment.
The latest disclosure leaves Omar facing a familiar question: how a political family once tied to millions in reported business value is now claiming those ventures are worth little or nothing.
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