Ilhan Omar’s Family Business is Broke After Once Being Valued in the Millions

Rep. Ilhan Omar’s (D-MN) latest financial disclosure has renewed scrutiny of her family’s finances after reporting that business interests once valued in the millions are now listed as having little or no value.

The Minnesota Democrat’s 2025 financial disclosure reports that her husband, Tim Mynett, earned no income last year from Rose Lake Capital, his venture capital firm.

The filing also reports that Mynett received between $200 and $1,000 in income from eStCru, a California-based wine business that dissolved earlier this year.

According to the disclosure, Omar and Mynett reported total assets ranging between $20,000 and $125,000.

The filing also listed between $30,000 and $100,000 in credit card and student loan debt.

The latest disclosure follows questions raised over the couple’s previous financial filings.

In 2024, Omar reported assets valued between $5 million and $30 million, largely tied to Mynett’s business interests.

Omar later filed an amended 2024 disclosure that reduced the reported value of Mynett’s ownership stakes in both Rose Lake Capital and eStCru to zero.

She attributed the change to an accounting error.

Despite the revised valuations, the amended filing reported that Rose Lake Capital generated between $100,000 and $1 million in income during 2024.

The filing also reported that eStCru generated between $2,500 and $5,000 in income that year.