So, why does she hate us? From a negative net worth in 2019 to $30 million in 2024; America, the land of opportunity, especially for Somalis and their husbands!
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“It’s all about the benjamins, baby”
When she first took office in 2019, the left-wing “Squad” member declared a net worth between negative $25,000 and negative $65,000, claimed to own no assets and only carrying student and car debt.
Rags to riches
‘Squad’ member ilhan Omar faces mounting questions on sudden wealth amid Minnesota welfare fraud as hubby’s $30M firm quietly scrubs names from website
Omar (D-MN) went from nearly broke to being worth up to $30 million in just a year — as a massive, up to $9 billion fraud scheme involving the Somali community in her district unfolded right under her nose in Minnesota.
Close to 90 people have been charged so far, including at least three with direct ties to the lefty Squad member, though she has not been charged.
It was Somalia-born Omar — who was seen in a resurfaced video last month dishing out food in a restaurant now at the heart of the scandal — who introduced the legislation critics say paved the way for what the feds have called the largest fraud of the pandemic.
The Jimmy Choo wearing socialist introduced the MEALS Act in Congress in 2020, relaxing oversight of government sponsored children’s meals programs during the pandemic, which critics say allowed fraudsters to claim they served millions of meals without verification, while pocketing millions of dollars in government subsidies.
But at least she appears to have invested her purloined funds wisely, using it as seed money for her new (third) husband’s business venture:
Shortly after the scheme played out, Omar’s husband, political consultant Tim Mynett, launched Rose Lake Capital in 2022, a venture capital management firm.
The company saw its reported value go from nearly zero in 2023, to between $5 million and $25 million in just a year, and somehow claims to having already amassed $60 billion assets under management.
Rose Lake Capital, which touts its “deep global networks built from on-the-ground work in more than 80 countries,” had less than $1,000 in assets in 2023, according to Omar’s financial disclosure.
Yet despite the reported windfall, the business’s only address is a WeWork in DC, according to its LinkedIn page.
Between September and October — when federal prosecutors announced charges to eight more individuals, including six of Somali descent, for their roles in the welfare scheme — the names and bios of Rose Lake Capitals’s nine officers and advisors were removed from the website. None of them were charged in the fraud.
These names include lobbyist and former Obama Ambassador to Bahrain Adam Ereli; former Senator and Obama Ambassador to China Max Baucus; DNC Finance Chair associate Alex Hoffman; former DNC treasurer William Derrough and former ex-CEO of Amalgamated Bank Keith Mestrich, who once described Amalgamated as “the institutional bank of the Democratic Party.”
But wait, there’s more!
Meanwhile Mynett’s other business, a California winery that previously faced fraud allegations and was declared a failed venture in 2023, was suddenly worth between $1 million and $5 million in 2024 — a windfall of 9,900%.
The winery, eStCru, at some point around 2022 promoted a line of wines with names like “Blockchain” and “The Devil’s Lie,” with a prestigious California winemaker who said she abruptly stopped getting paid in early 2023. The business was only worth between $15,000 and $50,000 in Omar’s financial disclosure that year, making the sudden windfall the next year even more puzzling.
It, too, is listed as operating out of a WeWork, and doesn’t appear to actually sell any wines anymore, according to extensive internet searches.
Despite the high worth placed on the business, its website is a broken link, the phone number is disconnected and the last social media post for the winery dates back to 2023.
Mynett did not return The Post’s messages, and both his businesses’ numbers were not working.
Chronology of a grifter, bigamist and immigration fraudster:
1982 — Born in Somalia;
1991 — Went to refugee camp in Kenya;
1995 — Came to United States as a refugee, becoming a citizen at some later point;
2002 — Took out a marriage license to marry Ahmed Hirsi (AKA Ahmed Aden), but did not marry him except in a Muslim ceremony; they had two kids;
2008 — Parted from Hirsi; a Muslim divorce, not recorded, took place;
2009 — Married Ahmed Elmi [her brother] while still married to Hirisi;
2011 — Parted from Elmi, with a Muslim divorce;
2012 — Reunited with Hirsi and had a third child;
2017 — Formally divorced Elmi (after being elected to the legislature);
2018 — Married (re-married?) Hirsi and was nominated for Congress.
November 2019 Divorced Hirsi
May 2020 — Married her campaign manager Tim Mynett