Ilhan Omar on target as husband’s income reduced from lakhs to $200 in new revelations: Report

Ilhan Omar now claims ex-millionaire husband earned just $200 last year

Ilhan Omar is facing criticism over her household finances as fresh disclosure forms suggest a steep decline in her husband’s earnings, with documents indicating he earned less than a few hundred dollars last year, the New York Post reports.According to reporting based on Omar’s 2025 financial disclosures, her husband Tim Mynett is listed as receiving no salary from his investment firm Rose Lake Capital during this period. The filing said his only income was from a California wine business, eStCru, which earned between $200 and $1,000 before it closed earlier this year.This marks a major change from last year, when revelations revealed the couple’s business interests could be worth between $5 million and $30 million. Those figures sparked controversy over how the valuation was calculated.An amended filing was later submitted, reducing the value of those holdings to zero. The adjustment was attributed to an accounting mistake.Even with the revised figures, Rose Lake Capital is still shown to be generating between $100,000 and $1 million in revenue during the same period, along with the now-defunct wine business, which brought in a few thousand dollars before ceasing operations.The latest 2025 disclosure puts the couple’s net worth between $20,000 and $125,000, with liabilities including credit cards and student loans estimated at between $30,000 and $100,000. This will bring their net position to negative figure.The changes have prompted renewed criticism from political opponents, especially given earlier filings that showed a sudden increase in estimated assets. In 2024, the pair had business values ​​that appeared to jump into the multimillion-dollar range before later revising down.A spokesperson for Omar told TMZ: “The amended disclosure confirms what we have always said: The Congresswoman is not a millionaire. The original filing was made in deference to professional judgment and in good faith based on incomplete information from accountants about Mr. Mynett’s businesses.”“The representative continues…” It listed assets without liabilities, and it overstated her husband’s net worth. The accounting error created a misleading picture of far greater wealth. The Congresswoman voluntarily amended her disclosure as soon as the discrepancy was identified. The revised disclosure is now complete and accurate.”The controversy comes amid political scrutiny and follows a period in which Omar’s financial filings drew attention amid separate concerns related to a fraud investigation involving social service programs in Minnesota.Mynett has worked in Democratic political circles for nearly two decades and co-founded Rose Lake Capital with longtime collaborator Will Haller in 2022. He previously worked with Heller in 2012 during efforts involving Minnesota Attorney General Keith Ellison’s congressional re-election campaign.Ellison later gave up her House seat in 2018, a move that paved the way for Omar’s election, with Heller previously saying she played a role in the change.In previous reporting, Mynett’s wine venture eStCru sold bottles including “The Devil’s Lie” before closing this year.Responding to the revelations, Republican National Committee spokeswoman Delaney Bomer said:“Voters are buying into Ilhan Omar’s corrupt lies,” Republican National Committee spokeswoman Delaney Bomer told The New York Post. “Omar has spent her entire career covering up Democrat-enabled fraud that has cost taxpayers billions, so it’s no surprise she would do the same for her husband.”

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