How Ilhan Omar went from capitalist-hating Squad activist to Marxist millionaire sporting Jimmy Choos
Newly-minted millionaire Omar smiles big beneath a pair of $400 Tom Ford shades. NYPost Design
Democratic Congresswoman Ilhan Omar, a prominent member of the progressive “Squad,” has drawn scrutiny after recent financial disclosures revealed a dramatic increase in her net worth, along with luxury spending that critics say contrasts with her political messaging.
According to Omar’s latest congressional financial filings, her joint net worth with husband Tim Mynett has surged to as much as $30 million — a more than 3,500% increase since 2023. This financial rise is attributed in part to the couple’s involvement in multiple business ventures, including a California winery and a private capital firm with ties to Democratic political operatives.
Despite once claiming she was “not a millionaire” during a February interview, public records show Omar and Mynett co-own a winery producing boutique wines — including a $73 bottle of Cabernet and $20 cans of sparkling rosé — marketed through upscale West Coast retailers. The vineyard operates under the name eStCru and uses blockchain technology for product tracking.
Omar has also been photographed wearing luxury sunglasses from designers like Jimmy Choo, Prada, and Oliver Peoples — some priced as high as $530 — at rallies and public events, including protests and anti-police demonstrations. Critics have pointed to these fashion choices as inconsistent with her populist political stance.
House Majority Whip Tom Emmer (R-MN) criticized Omar’s rising wealth and luxury lifestyle. “Ilhan Omar is as disingenuous as they come,” he said. “She promotes socialist policies while cashing in a taxpayer-funded paycheck and sitting on tens of millions of dollars.”
Florida Republican Rep. Randy Fine added, “Maybe she should live her principles and redistribute her wealth.”
In response to questions about her wealth and lifestyle, Omar’s campaign did not return a request for comment.
The congresswoman’s financial disclosure shows that part of her newfound wealth stems from Rose Lake Capital, a private investment firm co-founded by Mynett and fellow Democratic strategist Will Hailer. Formed in 2022, the firm now lists assets valued between $5 million and $25 million as of the end of 2024 — up from only $1,000 the year before. The firm includes former Obama-era diplomats, Democratic Party operatives, and finance executives as partners.
Omar’s financial ties to Mynett date back to her 2018 campaign, during which her committee paid his political consulting firm at least $2.8 million. A complaint filed with the Federal Election Commission alleged that some of these funds were used for personal purposes, including travel. The FEC dismissed the complaint in 2021 but ordered Omar to amend her filings.
Mynett’s relationship with Omar began while he was still married. Court documents from his ex-wife’s divorce filing allege that he admitted to being in love with Omar and ended his marriage soon after. Omar also divorced her then-husband around the same time, and she later married Mynett, who converted to Islam.
Beyond the political realm, Mynett has been involved in several legal disputes. In 2023, he settled a fraud lawsuit filed by a DC restaurateur. Separately, three companies linked to Mynett and Hailer agreed to pay $1.7 million in a settlement with South Dakota cannabis growers over claims of breach of contract. Only a portion of that amount had been repaid as of June 2025. Mynett himself was not a named defendant in that lawsuit and has since withdrawn from at least one of the companies involved.
Despite their rising wealth, property records show that Omar and Mynett are currently living in a shared rental home in Washington, D.C., along with five other roommates. The congresswoman also still carries student loan debt, and has reportedly spent hundreds of dollars on luxury sunglasses.
The contrast between Omar’s public political positions and her personal financial trajectory has raised questions among both political opponents and observers about transparency, consistency, and the evolving nature of her public persona.
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