Omar's disclosures erased millions, leaving her with potential negative net worth. She won't explain why

By Fox News · Fox News

Rep. Ilhan Omar , D-Minn., refused to address her revised financial disclosures that could imply she has a negative net worth after the progressive lawmaker dramatically reduced the reported value of assets tied to her husband's business ventures. "Can you tell us if your husband still has the consulting business and the wine business?" Fox News Digital asked Omar. The congresswoman stayed silent as she was repeatedly questioned, after previously telling Fox News Digital that the original filing — showing Omar's reported assets reducing by as much as $29.9 million — was inaccurate and "incomplete" information. ILHAN OMAR'S OFFICE SAYS SHE'S ‘NOT A MILLIONAIRE’ AFTER $30M FILING REVISED DOWN TO UNDER $100K: REPORT The controversy surrounding Omar’s finances began when a 2024 financial report estimated that Omar and her husband possessed between $6 million and $30 million in assets, all while the Minnesota fraud scandal within the Somali community was beginning to come to fruition. A more recent 2025 financial disclosure report shows Omar’s revised value of shared assets between her and husband to sit at a maximum of $125,000 — a multimillion-dollar drop from the year prior. The lower estimate of their assets, $20,000, compared to the low and high debt estimates, $30,000 and $100,000, would imply the Minnesota Democrat could have a negative net worth. Both she and her husband have separate debts, each ranging somewhere between $15,000 and $50,000 — from her own student loans and her husband’s credit card debt, according to the disclosures. WATCH: OMAR SILENT WHEN CONFRONTED ON ALLEGED TIES TO MASSIVE MINNESOTA FRAUD SCANDAL The biggest change in the documents involved Omar's husband, Tim Mynett . His reported ownership interests in both his winery and venture capital advisory firm, which were previously valued in the millions of dollars, are listed with no value now. In Omar’s 2024 financial disclosure records, Mynett’s share in his winery was valued between $1 milli…