Minnesota Rep. Ilhan Omar said an accounting discrepancy led to major errors in a financial disclosure that appeared to show her net worth reaching as high as $30 million. She maintained the figures were inaccurate and insisted she is not a millionaire, according to a report from The Wall Street Journal.
The Democrat lawmaker, who has faced calls for a fraud probe from President Donald Trump, submitted an amended filing that significantly reduced the reported value of her assets. The updated disclosure listed shared assets with her husband totaling between $18,004 and $95,000, The New York Post reported.
“The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,” her spokesperson, Jacklyn Rogers, said. “The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified.”
The original disclosure, filed last May, drew immediate attention after it suggested a dramatic increase in Omar’s financial standing. It listed combined assets with her husband, Tim Mynett, ranging from $6 million to $30 million, marking a sharp jump from previous filings.
Those figures were tied to two businesses owned by Mynett, including a winery based in Santa Rosa, California, and a Washington, D.C.-based venture capital firm. The winery was valued between $1 million and $5 million, while the venture capital firm, Rose Lake Capital, was listed at between $5 million and $25 million.
In earlier disclosures, those same businesses were valued far lower, raising questions about the sudden spike in reported wealth. The winery had previously been listed between $15,000 and $50,000, while the venture capital firm showed less than $1,000 in assets in 2023.
The revised filing, reviewed by the Journal, sharply scaled back those figures. It placed the couple’s total assets within a much narrower range that more closely aligns with prior disclosures and long-standing financial records.
The initial report of a multimillion-dollar net worth sent shockwaves through Capitol Hill and across political circles. Critics and observers questioned how such a large increase could occur within a single year, prompting scrutiny and speculation.
Omar’s aides said she reviewed the original disclosure before it was submitted but did not identify the errors at the time. They attributed the oversight to her limited involvement in her husband’s business operations and financial reporting, but critics clearly weren’t buying it.
Rep. Ilhan Omar filed documents with Congress saying her wealth was between $6 million and $30 million. Now she says that was a mistake, and her wealth is actually between $18,000 and $95,000. That’s quite a difference. From @WSJ: https://t.co/nSSy3WUrNW
— Byron York (@ByronYork) April 18, 2026
Ilhan Omar revises financial disclosure, walking back prior claim of up to $30M in net worth.
Now reports assets between $18,000 and $95,000, citing an “accounting discrepancy,” per WSJ. pic.twitter.com/rBES9Wr7Qx
— Derrick Evans (@DerrickEvans4WV) April 18, 2026
Kayleigh McEnany presses Rep. Ilhan Omar
“Have you ever accidentally thought you were a multi-millionaire?”
Disclosure showed $30M before dropping to $18K–$95K pic.twitter.com/cApcVuOxAz
— Derrick Evans (@DerrickEvans4WV) April 18, 2026
🇺🇸 Ilhan Omar just discovered she’s not a millionaire.
Filed $30M in net worth. Corrected it to $95K.
“Accounting error.”
$30M to $18K? Even crypto crashes aren’t this dramatic.pic.twitter.com/ROJhHXYiM0 https://t.co/PqvxnqFkGM
— Mario Nawfal (@MarioNawfal) April 18, 2026
Her attorney told the Office of Congressional Conduct that the inaccuracies were the result of reliance on outside professionals. The lawyer said it is common for members of Congress and their spouses to depend on accountants to prepare detailed financial disclosures.
“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 wrote. “While the error is, of course, unfortunate, there is nothing untoward and nothing illegal has occurred.”
The amended filing appears to resolve the discrepancies, though the situation continues to draw political attention. Lawmakers are required to submit annual financial disclosures to promote transparency, ensure accountability, and identify potential conflicts of interest.
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