Ilhan Omar Net Worth

Ilhan Omar is a Somali-American Democratic politician and U.S. representative for Minnesota’s 5th congressional district. As of 2026, Ilhan Omar personal net worth is estimated to be relatively modest, likely in the low five-figure range. However, when her husband’s business holdings are included, her household’s reported assets rise dramatically, reaching an estimated range of $6 million to $30 million, according to congressional financial disclosures filed in 2025.

Omar has served in Congress since 2019 and is a prominent member of the progressive bloc known as the Squad. She currently earns a congressional salary of $174,000 per year, which represents her primary source of personal income.

Early Life

Ilhan Omar was born on October 4, 1982, in Mogadishu, Somalia. She was the youngest of seven children. After her mother died when Omar was two years old, her family fled Somalia’s civil war and spent four years in a refugee camp in Kenya. In 1995, they were granted asylum in the United States.

Omar became a U.S. citizen at age 17 and later earned a bachelor’s degree from North Dakota State University in 2011.

Ilhan Omar Financial Overview

Ilhan Omar’s own financial disclosures consistently show limited personal wealth. She does not own real estate, stocks, or large investment portfolios in her own name. Her reported assets primarily consist of modest retirement savings and a small cash account.

Her personal financial disclosures list:

• A Minnesota State Retirement System pension valued between $15,001 and $50,000
• A Congressional Credit Union savings account holding between $1,001 and $15,000
• No reported ownership of property, businesses, or publicly traded securities

Beyond these items, Omar reports no significant personal investments.

Husband’s Business Holdings

The substantial increase in reported household wealth comes from the business interests of Omar’s husband, political consultant Tim Mynett. In her May 2025 House Financial Disclosure, Omar reported a sharp rise in the valuation of Mynett’s companies.

According to the filing:

• Mynett’s stake in Rose Lake Capital LLC was valued between $5 million and $25 million
• His ownership interest in eStCru LLC, a California winery, was valued between $1 million and $5 million

Combined, these holdings placed the couple’s reported household assets in a broad range of $6 million to $30 million.

This represented a striking shift from earlier disclosures. As recently as 2023, Mynett’s combined business interests were listed at $51,000 or less, with Rose Lake Capital previously valued at under $1,000. By late 2024, the firm repositioned itself as a venture capital company and publicly claimed billions in assets under management.

Notably, despite the dramatic increase in reported valuations, the disclosures show little to no actual income generated from these businesses in 2024, indicating that the wealth is largely equity-based rather than liquid cash.

Liabilities and Debt

Ilhan Omar’s primary personal liability is student loan debt owed to Nelnet Loan Services, reported in the range of $15,001 to $50,000. This liability has appeared consistently in her filings, suggesting it remains outstanding.

Her husband also reported credit card debt, including balances with Chase Bank and Citibank, each in the $15,001 to $50,000 range. Neither Omar nor Mynett reported mortgages, auto loans, or other major liabilities.

Ilhan Omar Net Worth Assessment

Taking her assets and liabilities together, Ilhan Omar’s individual net worth is likely close to zero or in the low five-figure range. While her household disclosures reflect multi-million-dollar valuations tied to her husband’s businesses, those figures appear largely non-liquid and are subject to wide valuation ranges.

As with many lawmakers, Omar’s financial profile contrasts sharply with wealthier members of Congress who derive income from real estate, stock portfolios, or long-standing business interests.

Political Career

Before entering elected office, Omar worked in community outreach, education policy, and political organizing. In 2016, she was elected to the Minnesota House of Representatives, becoming the first Somali-American state legislator in U.S. history.

She was elected to Congress in 2018 and has since been reelected multiple times. In Washington, Omar serves as deputy chair of the Congressional Progressive Caucus and has championed policies such as universal healthcare, student loan forgiveness, climate legislation, and immigration reform.

Personal Life

Ilhan Omar married political consultant Tim Mynett in 2020. That same year, she published her memoir, This Is What America Looks Like. She has three children from previous relationships and remains one of the most visible and polarizing figures in progressive American politics.