Ilhan Omar Net Worth 2025: Assets, Income, and Financial Controversies

Ilhan Omar, the U.S. Representative for Minnesota’s 5th Congressional District, is a polarizing figure in American politics, known for her progressive advocacy and historic role as one of the first Muslim women in Congress. As a member of “The Squad,” her policy stances on universal healthcare, student loan forgiveness, and foreign policy have drawn significant attention.

However, her financial status has sparked equal intrigue, with reported net worth estimates ranging from $65,000 to a staggering $30 million in 2025. This discrepancy, coupled with controversies surrounding her financial disclosures, has fueled public debate. This article provides a comprehensive, data-driven analysis of Ilhan Omar’s net worth in 2025, her income sources, assets, and the controversies that have shaped perceptions of her wealth.

Ilhan Omar Net Worth

Estimating the net worth of public figures like Ilhan Omar is challenging due to the broad ranges reported in congressional financial disclosures. In May 2025, Omar’s latest disclosure reported a net worth ranging from $6 million to $30 million, a dramatic increase from her 2023 estimate of approximately $51,000. This 3,500% surge, primarily attributed to her husband Tim Mynett’s business ventures, has raised eyebrows, especially given Omar’s February 2025 statement to Business Insider denying millionaire status: “I am a working mom with student loan debt. Unlike some of my colleagues, I am not a millionaire.”

Other sources, such as Quiver Quantitative and David’s Guide, estimate her net worth at a more modest $114,500–$115,000, aligning with her claims of limited personal wealth. These conflicting figures stem from differences in how assets are valued and reported, as well as the inclusion of Mynett’s business holdings. For 2025, the higher estimates are largely driven by the valuation of Mynett’s winery and venture capital firm, while lower estimates focus solely on Omar’s personal assets and liabilities.

Income Sources

As a U.S. Representative, Omar earns an annual salary of $174,000, the standard compensation for House members, excluding leadership roles. This salary, subject to taxes and deductions, forms her primary income source.

Omar authored This Is What America Looks Like: My Journey from Refugee to Congresswoman (2020), which generated income through advances and royalties. While exact figures are undisclosed, such deals typically yield tens of thousands to low six figures for public figures of her stature.

Omar occasionally earns income from speaking at events and conferences, though her disclosures report minimal earnings from this source, typically ranging from $1,000 to $15,000 annually.

The most significant contributor to the high-end net worth estimates is Tim Mynett’s business holdings. Mynett co-owns eStCru LLC, a Santa Rosa, California-based winery, and Rose Lake Capital LLC, a Washington, D.C.-based venture capital firm. In 2024, the winery’s assets were valued at $1–5 million, up from $15,001–$50,000 in 2023. Rose Lake Capital’s assets skyrocketed to $5–25 million in 2024, despite reporting only $42.44 in its bank account in February 2023. These valuations account for the reported $6–30 million net worth range.

Assets and Investments

Omar’s 2024 financial disclosure provides insight into her and Mynett’s assets, which significantly influence net worth estimates:Winery Partnership (eStCru LLC): Valued at $1–5 million, up from $15,001–$50,000 in 2023.

Venture Capital Firm (Rose Lake Capital LLC): Valued at $5–25 million, a sharp increase from less than $1,000 in 2023. The firm claims $60 billion in assets under management, though Omar reported no income from it in 2024.

• Minnesota Target Retirement 2050: Valued at $15,001–$50,000.
• MFS Global Equity Fund Class C: Valued at $1,001–$15,000.
• Congressional Credit Union Savings: $1,001–$15,000.
• Minnesota State Retirement Fund: $15,001–$50,000.

Omar has publicly stated she owns no real estate or stocks, contradicting claims of a $5 million real estate portfolio or $6.25 million in stocks (e.g., Tesla, Bank of America). Her liabilities include $15,001–$50,000 in student loan debt and up to $100,000 in combined student loans and credit card debt.

Financial Controversies and Allegations

Omar’s financial status has been a lightning rod for controversy, particularly due to discrepancies in reported net worth and scrutiny of her campaign finances:Discrepancies in Net WorthThe stark contrast between low estimates ($65,000–$115,000) and high estimates ($6–30 million) stems from whether Mynett’s business valuations are included. Critics argue the high figures reflect inflated or speculative valuations, while Omar’s defenders, including herself, emphasize her modest personal assets and student loan debt.

Campaign Finance Scrutiny

In 2019, Minnesota campaign finance officials found Omar had misspent $3,500 on out-of-state travel and tax filings, ordering repayment and a $500 fine. Additionally, her campaign paid $2.9 million to Mynett’s E Street Group between 2018 and 2020, raising conflict-of-interest concerns. The FEC cleared Omar of wrongdoing, stating no intentional violations occurred, but the payments remain a point of contention.

Denial of Wealth

In February 2025, Omar took to X to refute millionaire claims, stating, “My salary is $174,000 before taxes, I don’t have stock or own a home and [I’m] still paying off my student debt.” She described such claims as part of a “coordinated right-wing disinformation campaign.”

Unverified Claims

Reports of luxury vehicles, a $5 million real estate portfolio, and anonymous gifts lack substantiation from credible sources. For example, Lawyers Club India alleges Omar owns a $2 million lakefront mansion and multiple properties, but her disclosures show no real estate holdings.

Ilhan Omar's net worth is debated. Estimates vary widely. Her official salary is $174,000. Her money comes from her congressional pay, book deals, and speaking fees. Her husband's business dealings account for higher estimates. These include firms like eStCru LLC and Rose Lake Capital. Her personal wealth is similar to other progressive members of Congress. However, her household's total wealth could be much larger. Her finances are often scrutinized. Official disclosures provide the clearest picture.