From $30 Million to “None”: The Paper Trail on Ilhan Omar’s Husband’s Companies

Written By TNT Staff, Posted on October 21, 2026

Featured photo: Official portrait of Rep. Ilhan Omar, 116th Congress. U.S. House Office of Photography photo by Kristie Boyd, public domain, via Wikimedia Commons.

Rep. Ilhan Omar (D-Minn.) has now filed five versions of her household finances covering 2023 through 2025, and they tell very different stories about her husband’s two companies. In one year, the firms went from worth as much as $51,000 to as much as $30 million. Then, after Congress started asking questions, they were worth nothing at all.

Federal prosecutors in Washington say they are now looking at those filings. No charges have been filed, and Omar’s office has said the original numbers were an accounting error. Here is what the public record shows.

The numbers, filing by filing

Omar’s husband, Tim Mynett, holds stakes in two companies: eStCru LLC, a Santa Rosa, Calif., winery, and Rose Lake Capital LLC, a Washington venture capital management firm. Members of Congress report assets in broad value ranges, not exact amounts.

• 2023 report, filed May 2024 (Clerk filing 10060937): eStCru at $15,001 to $50,000, Rose Lake at $1 to $1,000. Combined, up to $51,000.
• 2024 report, filed May 2025 (10068415): eStCru at $1,000,001 to $5 million, Rose Lake at $5,000,001 to $25 million. Combined, up to $30 million. Rose Lake partnership income: “None.”
• Amended 2023 and 2024 reports, filed March 26, 2026 (10074577, 10073338): both companies’ values changed to “None.” The amended 2024 report also changed Rose Lake’s income from “None” to $100,001 to $1,000,000.
• 2025 report, filed May 13, 2026 (10077400): both companies again valued at “None,” with $201 to $1,000 in eStCru income and no Rose Lake income.

The disclosed value of Mynett’s two companies, report by report. (TNT graphic)

So the corrected filings say the companies were worth nothing, while one of them paid out as much as $1 million in a year that had originally been reported as zero income.

What Omar’s side says

Omar’s office has called the original 2024 figures an accounting error. It has said they reflected the full value of the firms rather than Mynett’s share, were based on incomplete information from his accountants, and did not account for the businesses’ liabilities. “Not a millionaire,” her office said, according to the Washington Examiner.

In September, the Office of Congressional Conduct, the House’s nonpartisan watchdog, voted 5 to 1 to recommend that the House Ethics Committee dismiss the disclosure allegations, the Minnesota Star Tribune reported. The board found no “substantial reason to believe” Omar had reported false or incomplete information. That is a recommendation, not a final ruling.

The questions Congress asked

House Oversight Chairman James Comer (R-Ky.) wrote to Mynett on Feb. 6 asking for documents on both firms’ finances. “Given that these companies do not publicly list their investors or where their money comes from, this sudden jump in value raises concerns that unknown individuals may be investing to gain influence with your wife,” Comer wrote.

Comer’s letter also pointed to a 2021 deal in which Mynett allegedly promised a D.C.-area investor a 200% return on $300,000 in eStCru and did not repay the money until he was sued for fraud in 2023. That suit has not resulted in any criminal case. Comer noted that Rose Lake’s website described a team of “five former diplomats” but did not name its employees, advisers or holdings.

Nine days after the amendments, on April 4, eStCru filed a certificate of cancellation with the California Secretary of State, signed by its chief executive, former Democratic operative William Hailer. The winery no longer exists.

The 2026 paper trail on Mynett’s companies. (TNT graphic)

Where it stands

On Oct. 13, U.S. Attorney Jeanine Pirro said on Fox News that her office is investigating Omar’s financial disclosures. “We’re looking at the facts. Based upon the facts, we’ll follow them wherever they take us,” she said, Axios reported. The Justice Department has not said whether that probe is connected to the separate immigration investigation that led agents to search Omar’s Washington home a day earlier, according to Fox News. Omar’s lawyers have called that search “neither justified nor lawful,” the AP reported.

Omar has not been charged with anything, and an accounting error is not a crime. But disclosure rules exist so voters can see who has a financial stake in their representatives. On that test, the record so far is a $30 million entry, a correction to zero and a winery that closed nine days later. The investors Comer asked about still have not been named.

TNT Staff