Report: Ilhan Omar’s Office Says She’s ‘Not A Millionaire’ After $30M Filing Revised Down To Under $100K
Rep. Ilhan Omar said she is not a millionaire and attributed a major discrepancy in her financial disclosures to an accounting mistake, after a report listing her assets as high as $30 million drew attention from Republicans and an ethics watchdog.
A corrected filing reviewed by The Wall Street Journal shows that Omar and her husband’s assets actually fall between $18,004 and $95,000, a dramatic revision from the earlier estimate that placed their holdings between $6 million and $30 million.
“The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,” Omar spokesperson Jacklyn Rogers told the Journal, adding that the filing was corrected “as soon as the discrepancy was identified.”
The updated report followed a request for clarification earlier this year from the Office of Congressional Conduct, according to the Journal.
In a letter submitted to the watchdog, Omar’s attorney said the inaccurate filing was not intentional and resulted from reliance on professional accountants.
“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 attorney wrote, according to the Journal. “While the error is, of course, unfortunate, there is nothing untoward, and nothing illegal has occurred.”
The revised disclosure indicates that Omar reported income between $102,503 and $1,005,200 in 2024 from jointly held assets, the Journal reported. Supporting documents included $213,200 in distributions to her husband from his venture capital firm and an additional $3,000 from a winery.
Tax records cited by the Journal show that a 2025 email between Omar’s husband and his accountant valued the venture capital firm at $7.9 million and the winery at $1.5 million, though he owns about one-third of each business.
The corrected filing also reveals that Omar carries between $15,001 and $50,000 in student loan debt, along with a similar amount in credit card liabilities.
The discrepancy had already drawn criticism from House Republicans, who questioned how such a significant change in reported wealth was not identified sooner.
In a February letter to Omar’s husband, House Oversight Committee Chairman James Comer raised concerns about financial disclosures showing the value of two companies, eStCru LLC and Rose Lake Capital, jumping from tens of thousands of dollars in 2023 to as much as $30 million in 2024.
Comer said the sudden increase “raises concerns that unknown individuals may be investing to gain influence” and requested financial records tied to the businesses.
Omar’s office rejected those claims, calling Comer’s inquiry “a political stunt” and part of an effort “meant to fundraise, not real oversight,” according to The Associated Press.
An earlier 2025 financial disclosure had listed her husband’s business interests in the millions, including a winery valued between $1 million and $5 million and a venture capital firm valued between $5 million and $25 million.
Those figures were later adjusted in the amended filing, which now reflects no net value for the businesses after accounting for liabilities, the Journal reported.
Omar, a progressive Democrat originally from Somalia and a member of the “Squad,” has frequently clashed with President Donald Trump since her election in 2018 and has remained a frequent target of Republican criticism.
Trump has claimed that Omar benefited from Minnesota’s large welfare fraud scandal involving members of the Somali community, an allegation she has denied.
Tom Fitton also weighed in on the revised filing, questioning how previously undisclosed debts could eliminate millions in reported assets.
“Ilhan Omar says her congressional financial reports have massive accounting error,” Fitton wrote on X. “She and her husband only worth 18k-86k, NOT $6 million-$30 million! Previously unreported ‘liabilities’ erase wealth!”
{Matzav.com}