Not so much directly interested in the Congresswoman (right now) as in the money flows to her husband.
From Elliot Management's Paul Singer-backed Washington Free Beacon, September 1:
Ilhan Omar Said It's 'Categorically False' To Call Her a Millionaire. Her Net Worth Just Reached Up to $30 Million, an Increase of at Least 3,500 Percent in One Year.
Much of the 'Squad' member's wealth comes through her husband's winery and venture capital firm
Rep. Ilhan Omar’s personal fortune exploded to upwards of $30 million in 2024, the Minnesota Democrat disclosed just months after telling the press it is "ridiculous" and "categorically false" to say she is worth millions of dollars.
Omar reported in her latest financial disclosure that she and her husband, former political consultant Tim Mynett, accumulated a net worth at the end of 2024 ranging from at least $6 million to $30 million. Their wealth is derived almost entirely from the value of Mynett’s ownership stake in his two companies that, together, were worth no more than $51,000 at the end of 2023. The exact value of Omar’s personal fortune at the end of 2024 is unclear—lawmakers disclose the value of their holdings and debts in ranges. Still, the figures in Omar’s latest disclosures show that her and her husband’s net worth skyrocketed by at least 3,500 percent in just one year.
Omar’s extraordinary accumulation of wealth in 2024 could raise uncomfortable questions for the Minnesota Democrat, who in February told Business Insider that she has been the subject of a "coordinated right-wing disinformation campaign" that falsely claims she’s worth millions of dollars. Omar said any insinuation that she’s worth more than a few thousand dollars was "ridiculous" and "categorically false." She also took to X in February, challenging her followers to "maybe try checking my public financial statements and you will see I barely have thousands let alone millions."
Omar has her husband to thank for catapulting her to multimillionaire status in 2024. Mynett’s California-based winery eStCru LLC and venture capital firm Rose Lake Capital both achieved remarkable financial turnarounds in 2024. At the end of 2023, Mynett’s combined stake in both companies was worth no more than $51,000, the firms had less than $700 across all their bank accounts, and Mynett and his business partner, former DNC adviser Will Hailer, were saddled with lawsuits from investors claiming they defrauded them out of millions of dollars.
But by the end of 2024, Mynett’s combined stake in the two firms ballooned to anywhere between $6 and $30 million, and he and Hailer settled the lawsuits with cash settlements, the Washington Free Beacon has learned.
Mynett’s business activities have long been a thorn in Omar’s side ever since they married in March 2020. They were both married to other people when they met, but the pair began an affair while Mynett served as a political consultant for Omar’s campaign, which paid his firm a whopping $2.9 million during the 2020 election cycle. But that was a fleeting arrangement. The financial ties between Omar's campaign and her new husband’s firm drew intense public scrutiny, and by the end of 2020, Mynett had exited the political consulting business and teamed up with Hailer to branch out into the winery and venture capital industries.
Mynett’s stake in his California winery, eStCru LLC, was worth no more than $50,000 at the end of 2023, Omar disclosed. The winery had just $650 in its bank account in February 2024, according to court documents obtained by the Minnesota Reformer, and was facing a lawsuit from Washington, D.C., businessman Naeem Mohd alleging Mynett and Hailer failed to pay up after promising to triple his $300,000 investment in the winery in just 18 months.
Mohd filed suit in California against Mynett, Hailer, and eStCru LLC in 2023 seeking $780,000 in damages. Mohd filed a motion to drop the suit in November 2024 after reaching a settlement with the winery, the Free Beacon has learned.
"We did settle and the amount was paid," Modh’s attorney, Faisal Gill, told the Free Beacon. Gill declined to share the exact amount of the settlement.
Mynett and Hailer did not return requests for comment.
Mynett’s other company, Rose Lake Capital, was in no better shape at the beginning of 2024. The venture capital firm was worth no more than $1,000 to Mynett at the end of 2023, Omar disclosed, and had just $42.44 in its bank accounts in February 2024, according to court documents obtained by the Minnesota Reformer.
By the end of 2024, Mynett’s stake in Rose Lake Capital ballooned to up to $25 million, Omar reported in her latest financial disclosure.
Mynett and Hailer formed Rose Lake Capital in 2022. It claims on its website to have $60 billion in assets under management and boasts an "extensive global network" and expertise at structuring "legislation." The firm’s advisory board includes two former Barack Obama ambassadors, Max Baucus and J. Adam Ereli, as well as former Amalgamated Bank CEO Keith Mestrich.....
....MUCH MORE
$60 billion AUM? There is a very big story here.
