Far from a millionaire, Ilhan Omar now claims a potentially negative net worth

Democratic Minnesota Rep.Ilhan Omar’s latest financial disclosures show dramatically lower reported asset values than an earlier filing that listed millions of dollars in businesses connected to her husband.In a financial report meant to cover 2024, the Minnesota Democrat claimed that she and her husband controlled between $6 million and $30 million in assets, figures that raised eyebrows as conservatives honed in on allegations of fraud among Minneapolis’ Somali community.

In a recently filed 2025 report reviewed by Fox News Digital, however, Omar revised the value of her and her spouse’s assets down to, at most, $125,000.Taking the lower-end estimate of Omar’s assets as reported in the disclosure — just $20,000 — and comparing it against both the low and high estimates of her debt — $30,000 and $100,000, respectively — would leave the congresswoman with a negative net worth.Congressional financial disclosures report broad ranges, so the filings do not establish a precise net worth.Her husband has between $15,000 and $50,000 of credit card debt while the congresswoman has a student loan balance also worth between $15,000 and $50,000.ILHAN OMAR'S OFFICE SAYS SHE'S ‘NOT A MILLIONAIRE’ AFTER $30M FILING REVISED DOWN TO UNDER $100K: REPORTRep.

Ilhan Omar attends a press conference on Capitol Hill in Washington, D.C., on Sept.29, 2022, celebrating President Joe Biden's cancellation of student debt.

(Jemal Countess/Getty Images for We, The 45 Million)"The amended disclosure confirms what we’ve said all along: the Congresswoman is not a millionaire," a spokeswoman for Omar told Fox News Digital."The original filing was based on incomplete information from Mr.

Mynett’s businesses’ accountants in good faith and deference to professional judgement.It listed assets without liabilities, and it significantly overstated her husband’s net worth.

The accounting error created a misleading picture of far greater wealth.""The Congresswoman amended her...

Read More 
PaprClips
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by PaprClips.
Publisher: Fox News

Recent Articles