President Donald Trump has put the spotlight squarely on Rep. Ilhan Omar (D-MN), announcing an investigation into the Somalia-born congresswoman’s finances amid questions about her dramatic and sudden rise in wealth.
In a post on Truth Social, President Trump wrote: “the DOJ and Congress are looking at ‘Congresswoman’ Ilhan Omar, who left Somalia with NOTHING, and is now reportedly worth more than 44 Million Dollars. Time will tell all.”
The president’s statement highlights longstanding concerns about Omar, who arrived in the United States as a refugee and became a citizen in 2000. Trump has long criticized her, previously suggesting she should face deportation or legal consequences, and tying her to broader issues of fraud in Minnesota.
The investigation follows explosive revelations in Omar’s recent financial disclosure forms. According to reports from outlets including Fox News, the Washington Free Beacon, and the New York Post, Omar’s 2024 disclosure shows assets valued between $6 million and $30 million.
This marks a staggering increase from her prior year’s filing, which listed assets between roughly $40,000 and $250,000.
The bulk of the reported wealth stems from stakes held by her husband, Tim Mynett, in businesses including Rose Lake Capital, a D.C.-based venture capital firm valued between $5 million and $25 million, and eStCru, a California-based winery estimated between $1 million and $5 million.
Federal rules require members of Congress to report spousal assets in broad ranges, not exact figures or individual shares. House Oversight Committee Chairman James Comer (R-KY) has signaled serious interest in the matter.
He told the New York Post that his panel is probing the “big spike” in Omar’s assets and is considering subpoenaing Mynett to clarify the business dealings and whether any joint ownership exists.
Comer emphasized the need to uncover the source of the rapid wealth growth, stating, “Somebody’s going to find out. It’s either going to be my committee or the Ethics Committee.”
This comes against the backdrop of intensified federal immigration enforcement in Minneapolis, Omar’s district, and ongoing investigations into massive welfare fraud schemes in Minnesota linked to Somali communities.
Omar fired back on X: “Sorry, Trump, your support is collapsing and you’re panicking. Right on cue, you’re deflecting from your failures with lies and conspiracy theories about me. Years of ‘investigations’ have found nothing. Get your goons out of Minnesota.”
Omar has repeatedly denied wrongdoing, previously describing attacks on her finances as misleading and noting that the high valuations reflect full business assessments rather than her husband’s individual share as one of several partners.
She has also accused Trump of an unhealthy fixation on her.
As the DOJ—reportedly examining aspects of her finances since the prior administration—and congressional probes move forward, the questions linger: How did a congressional salary translate into such a massive reported jump in family assets in just one year?
President Trump’s blunt announcement ensures this issue remains front and center, with time set to reveal the full story.