WASHINGTON (TNND) — President Donald Trump says the Justice Department and Congress are examining the finances of Rep. Ilhan Omar following a rapid and dramatic increase in her reported net worth, setting off a new political firestorm around the Minnesota Democrat.
Omar entered Congress in 2019 reporting a negative net worth of thousands of dollars. Financial disclosures now show her family’s wealth has climbed sharply in recent years, with estimates placing it as high as $30 million. (TNND)
Omar entered Congress in 2019 reporting a negative net worth of thousands of dollars. Financial disclosures now show her family’s wealth has climbed sharply in recent years, with estimates placing it as high as $30 million. President Trump has publicly questioned how such a transformation occurred, suggesting federal investigators are taking a closer look.
In a recent social media post and public remarks, President Trump said both the Justice Department and Congress are scrutinizing Omar’s finances and suggested the wealth could be connected to broader fraud investigations underway in Minnesota. “We have this fake congressperson who they just reported is worth $30 million,” Trump said during remarks last week, adding that she would “not get away with it much longer.”
Republicans have echoed those concerns. Rep. Tom Emmer of Minnesota said the scale of the increase warrants investigation. “You don’t see that kind of change,” Emmer said. “This needs to be investigated.”
Omar has forcefully pushed back, calling the accusations political retaliation. In a post on X, she wrote that Trump was “panicking” and said, “Years of ‘investigations’ have found nothing.” She has repeatedly denied any wrongdoing and said she has been transparent about her finances.
According to reporting by The New York Times, scrutiny of Omar’s wealth began before Trump returned to office. The Times reports the Biden administration’s Justice Department opened an investigation last year into Omar’s finances, campaign spending and interactions with foreign individuals. That inquiry later stalled and was closed due to a lack of evidence, the Times reported.
Omar addressed the issue earlier this month, saying ethics inquiries have followed her throughout her time in Congress. “Ever since I got into Congress, they have been doing these sort of weird ethics investigations,” she said. “None of them have yielded anything because I’ve been as transparent as I can be.”
Much of the increase in Omar’s reported wealth is tied to two business ventures involving her husband. Financial disclosures show a California winery associated with him rose in valuation from roughly $15,000 in 2023 to between $1 million and $5 million in 2024. A private equity firm, Rose Lake Capital, jumped from a reported $1,000 valuation in 2023 to as much as $25 million the following year.
House Oversight Committee Chairman James Comer has said he is considering launching a congressional investigation and issuing subpoenas to Omar and her husband as lawmakers weigh next steps.
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