Financial Disclosure Shows Sharp Rise in Value of Firms Linked to Ilhan Omar’s Husband
WASHINGTON — U.S. Representative Ilhan Omar (D-Minn.) is facing questions after her annual financial disclosure report revealed that two companies owned by her husband, political consultant Tim Mynett, reported dramatically increased valuations over the past year.
In the filing submitted in May, Omar listed Rose Lake Capital LLC—a venture capital firm owned by Mynett—as being valued between $5 million and $25 million. The previous year, her disclosure reported the same asset as worth between $1 and $1,000. A second company, ESTCRU LLC, a California-based winery also owned by Mynett, was reported to be worth between $1 million and $5 million, up significantly from its earlier valuation.
Omar described her connection to Rose Lake Capital as deriving from “partnership income” but clarified she “personally receives no income from the firm.” The disclosure forms require lawmakers to report assets and income of their spouse.
The steep increase in reported values has drawn attention from government ethics watchdogs. The conservative-leaning National Legal and Policy Center (NLPC) confirmed it is reviewing the filings. “Such a dramatic change in valuation merits scrutiny to ensure compliance with federal disclosure laws and rules,” said a representative from the organization.
The Minnesota congresswoman, a Somali-born American and prominent progressive figure, has not commented beyond the information contained in the disclosure. Ethics experts note that valuations of private assets can fluctuate based on funding rounds, property appreciation, or revised assessments, but shifts of this magnitude in a single year are unusual.
The scrutiny comes amid ongoing political tensions, with Omar frequently being a target of criticism from conservative groups. There is no indication at this time of any formal investigation into the disclosures by the House Ethics Committee.
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