Rep. Ilhan Omar updates financial disclosure form, citing accounting error

Sydney Kashiwagi, The Minnesota Star Tribune on Apr 20, 2026

By clicking submit, I authorize Arcamax and its affiliates to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Privacy Policy , (2) add to information that I provide with other information like interests inferred from web page views, or data lawfully obtained from data brokers, such as past purchase or location data, or publicly available data, (3) contact me or enable others to contact me by email or other means with offers for different types of goods and services, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here

Rep. Ilhan Omar has amended her financial disclosure forms to show she does not have as much money as previously suggested in recent congressional filings.

The financial disclosure form in question had stated that the value of the companies her husband, Tim Mynett, co-owned was worth anywhere between $6 million to $30 million, representing a significant jump from the companies’ estimated value in a 2024 filing.

The sharp increase prompted Republicans — from the House Oversight Committee to President Donald Trump — to threaten investigations into the Minnesota Democratci congresswoman's finances.

But the couple’s joint assets have now been amended to range between $18,004 to $95,000, according to the latest filing, first reported by The Wall Street Journal.

The latest disclosure no longer provides a valuation for Mynett’s two companies but lists an income range of between $102,502 to $1,005,000 from the two companies. A lawyer representing the congresswoman said in a letter to the Office of Congressional Conduct, shared with The Minnesota Star Tribune, that Mynett actually draws an income of $216,200 from the two companies in question.

The lawyer said an accountant had listed the companies’ asset values, which “did not take into account the liabilities of each of the companies,” leading to a negative net worth of the business and for each partner.

“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 lawyer wrote in the letter. “That is exactly what happened in this matter.

“Mr. Mynett sent the information that was required to his companies’ accountant, and they responded with the figures,” the lawyer added. “Those figures were then used for the financial disclosure. While the error is of course unfortunate, there is nothing untoward and nothing illegal that has occurred.”

The latest disclosure form also states that Omar has between $15,001 and $50,000 in student loans and between $15,001 and $50,000 in credit card debt.

The amended filings came in response to a March letter the congresswoman received from the independent Office of Congressional Conduct, which reviews allegations of misconduct among House members and their staff.

Earlier this year, Trump said the U.S. Department of Justice and Congress were “looking at” Omar’s finances. The House Oversight Committee also launched a probe asking Mynett to provide financial documents for his companies.

The Oversight Committee later asked the House Ethics Committee to step in and review the matter. However, the Ethics Committee declined to comment in early April when asked by the Star Tribune if it was looking further into Mynett’s companies.

The Office of Congressional Conduct could not immediately be reached for comment on the updated disclosure form.

Omar’s office said the latest disclosure proved “the congresswoman is not a millionaire.”

“The original filing was based on incomplete information from Mr. Mynett’s businesses’ accountants in good faith and deference to professional judgment. It listed assets without liabilities, and it significantly overstated her husband’s net worth,” a spokesperson for Omar said.

“The accounting error created a misleading picture of far greater wealth. The congresswoman amended her disclosures voluntarily as soon as the discrepancy was identified. The amended disclosure is now complete and accurate.”

The amendment did not satisfy some Republicans, including Rep. Tom Emmer, R-Minn., who told Fox News that Omar and her accountant should be “fired” and that she “does not deserve to be in Congress.”

_____