Ilhan Omar’s office says she’s ‘not a millionaire’ after $30M filing revised down to under $100K: report

Rep. Ilhan Omar, D-Minn., said she is not a millionaire and blamed a major accounting error after a congressional financial disclosure listing her assets as high as $30 million drew scrutiny from Republicans and a congressional watchdog.

An amended filing reviewed by The Wall Street Journal shows Omar and her husband’s assets were between $18,004 and $95,000, a sharp drop from an earlier disclosure that estimated their holdings between $6 million and $30 million.

“The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,” Omar spokesperson Jacklyn Rogers told the Journal, adding that the filing was corrected “as soon as the discrepancy was identified.”

The revised disclosure came after the Office of Congressional Conduct requested additional information earlier this year, according to the Journal.

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Omar’s attorney said in a letter to the watchdog that the inaccurate filing was unintentional and stemmed from reliance on accountants.

“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 attorney wrote, according to the Journal. “While the error is of course unfortunate, there is nothing untoward and nothing illegal has occurred.”

The amended filing shows Omar reported between $102,503 and $1,005,200 in income in 2024 from assets she and her husband own, according to the Journal. Documentation attached to the attorney’s letter showed $213,200 in distributions to her husband from his venture capital management firm and $3,000 from a winery.

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A 2025 email between Omar’s husband and his accountant valued the venture capital firm at $7.9 million and the winery at $1.5 million, though he owns roughly one-third of both businesses, according to tax documents cited by the Journal.

The updated disclosure also shows Omar has between $15,001 and $50,000 in student loan debt and a similar amount in credit card debt.

The discrepancy had already drawn scrutiny from House Republicans, who questioned how such a large swing in reported assets went unflagged.

In a February letter to Omar’s husband, House Oversight Committee Chairman James Comer, R-Ky., raised concerns about financial disclosures showing the value of two companies, eStCru LLC and Rose Lake Capital, surged from tens of thousands of dollars in 2023 to as much as $30 million in 2024.

Comer said the sudden increase “raises concerns that unknown individuals may be investing to gain influence,” and requested financial records tied to the businesses.

Omar’s office pushed back, describing Comer’s request as “a political stunt” and part of a campaign “meant to fundraise, not real oversight,” according to The Associated Press.

A 2025 financial disclosure filing had previously listed Omar’s husband’s business interests in the millions, including a winery valued between $1 million and $5 million and a venture capital firm valued between $5 million and $25 million.

Those valuations were later revised in the amended filing, with the businesses listed as having no net value once liabilities were factored in, according to the Journal.

Omar, a progressive Democrat originally from Somalia and member of the “Squad,” has frequently clashed with President Donald Trump since first being elected in 2018 and has long been a target of Republican criticism.

Trump has suggested that Omar benefited from Minnesota’s sprawling welfare fraud scandal involving many people from the Somali community, a claim she has denied.

Judicial Watch President Tom Fitton weighed in on the amended filing, questioning how previously unreported liabilities wiped out millions in reported assets:

“Ilhan Omar says her congressional financial reports have massive accounting error,” Fitton wrote on X. She and her husband only worth 18k-86k, NOT $6 million-$30 million! Previously unreported ‘liabilities’ erase wealth!”

Fox News Digital has reached out to Omar’s office for comment and will update this story with any response.

The Associated Press contributed to this report.