Rep. Ilhan Omar amended her 2024 personal financial disclosure on Friday, dramatically reducing the value of shared assets previously reported at between $6 million and $30 million. The Minnesota Democrat's office attributed the error to a discrepancy identified in calculations for her husband Tim Mynett's businesses, insisting she is not a millionaire.

The original filing, submitted May 14, 2025, listed two major assets tied to Mynett: eStCru LLC, a winery in Santa Rosa, California, valued at $1 million to $5 million, and Rose Lake Capital LLC, a venture capital firm in Washington, D.C., valued at $5 million to $25 million. Smaller holdings included retirement accounts and a savings account totaling under $100,000, offset by student loans and credit card debt of $15,000 to $50,000 each.

The disclosure sparked widespread scrutiny after media reports highlighted a potential 3,500% wealth increase from prior years, when assets were valued far lower—eStCru at $15,000 to $50,000 and Rose Lake under $1,000 in 2023. President Trump called for a Justice Department probe, suggesting ties to Minnesota welfare fraud investigations, while House Oversight Chairman James Comer requested records from the companies in February.

Omar's spokesperson, Jacklyn Rogers, stated the amendment "confirms what we’ve said all along: The congresswoman is not a millionaire." Rogers added that Omar amended the filing voluntarily upon discovering the issue. Her lawyer wrote to the Office of Congressional Conduct that members often rely on accountants for such filings, calling the error "unfortunate" but not illegal.

Aides noted Omar reviewed the original but was not involved in Mynett's operations. Earlier explanations, including from Forbes, suggested the high figures reflected total business values rather than personal stakes, per House Ethics guidance on partnerships.

The amended filing, reviewed by The Wall Street Journal, now values shared assets at $18,004 to $95,000. OpenSecrets last estimated Omar's net worth as negative in 2018, with no updated aggregate. Quiver Quantitative pegged it at $18 million based on the unamended data.

The controversy reignited debates on congressional disclosures, which use broad ranges and do not compute net worth. Republicans have pushed for stricter transparency amid probes into other members' finances.

Omar, a vocal Squad member, has faced prior ethics questions but no findings of wrongdoing. Her office emphasized compliance with filing requirements.