By Despite denials, Rep. Ilhan Omar, a leading member of the progressive “Squad,” has reported a staggering surge in personal wealth, with her 2024 net worth climbing to between $6 million and $30 million, according to her latest financial disclosure. The disclosure reflects a rise of at least 3,500 percent from the previous year, when her husband Tim Mynett’s ventures were valued at no more than $51,000.
The news comes just months after Omar dismissed reports of millionaire status as “ridiculous” and “categorically false,” writes The Washington Free Beacon In a February interview with Business Insider, she accused critics of mounting a “coordinated right-wing disinformation campaign” and insisted, “I barely have thousands let alone millions.”
Omar attributed the sudden windfall to Mynett’s California-based winery, eStCru LLC, and his venture capital firm, Rose Lake Capital. Both companies had appeared near collapse in 2023, with combined bank balances of less than $700. But by late 2024, Mynett’s $50,000 stake in the winery and $1,000 share in Rose Lake had ballooned into holdings worth tens of millions.
The meteoric rise has fueled skepticism, especially as Mynett and his business partner, former DNC adviser Will Hailer, have faced repeated legal battles. In 2023, Washington businessman Naeem Mohd sued eStCru for allegedly failing to deliver on a promised tripling of his $300,000 investment.
The pair had been paid in grapes by a former client and had hired a well-respected Sonoma winemaker to turn those grapes into profit. They promised if they didn’t pay Mohd the full $900,000 on time, they would tack on 10% monthly interest on any outstanding balance, according to the Minnesota Reformer.
The offer might have seemed suspicious if not for the person making it: Tim Mynett, a well-connected political consultant and husband to U.S. Rep. Ilhan Omar, whom he married in 2020.
Mynett came recommended by Mohd’s attorney, Faisal Gill, a former Democratic operative himself who knew Mynett from his days working on Keith Ellison’s congressional campaigns. Mynett and Gill had been friends since. Omar endorsed Gill in his unsuccessful bid for L.A. County Attorney, and Gill donated $1,000 to Omar’s campaign in 2021.
“I trusted Tim,” Gill said in an interview. “If it was not for Tim, the deal would have never happened.
That case settled quietly in November 2024 for an undisclosed sum.
Rose Lake Capital also drew scrutiny. In August 2024, South Dakota cannabis firms settled a $1.2 million claim against Mynett and Hailer over alleged diversion of investor funds from a previous venture, Badlands Ventures. Court records earlier that year had listed Hailer’s account balance at less than $750.
The Minnesota representative has long found herself wrapped up in scandal.
Omar’s political and personal finances have long intersected. During the 2020 cycle, her campaign steered $2.9 million to Mynett’s consulting firm, sparking criticism. He later pivoted to the wine and venture capital industries, bringing Hailer along and assembling an advisory board featuring former Obama-era ambassadors Max Baucus and J. Adam Ereli. Rose Lake now claims to manage $60 billion in assets.
Her advocacy has also overlapped with her husband’s business ambitions. In 2023, Omar addressed the EBII Group’s African Leaders and Partners forum, urging a “$44 billion lifeline for African communities.” At the same event, Hailer hosted a panel on African investment challenges, aligning with Rose Lake’s growing focus on the continent.
Neither Omar’s office nor Mynett and Hailer responded to requests for comment to The Free Beacon..
[Read More: Administration Civil War Brewing Over CIA]
