Minnesota Congresswoman Ilhan Omar is facing growing scrutiny after financial disclosures revealed a dramatic surge in her reported assets—from about $1,000 to nearly $30 million within a year.
According to her most recent disclosure filed in May, two companies owned by her husband recorded sharp increases in valuation between 2023 and 2024. One of the firms, Rose Lake Capital LLC, a Washington, DC–based venture capital management company, was valued between $5 million and $25 million in 2024. This marks a steep rise from its $1–$1,000 valuation in the 2023 filing. Omar listed the asset as “partnership income” and stated she receives no income from the company.
Another business, ESTCRU LLC, a winery located in Santa Rosa, California, also saw a notable jump—rising from $15,001–$50,000 in 2023 to $1 million–$5 million in 2024, according to the disclosure.
Following the revelations, the National Legal and Policy Center (NLPC), a conservative nonprofit that monitors ethics among public officials, confirmed it is reviewing the disclosures. The group’s chairman, Peter Flaherty, told the New York Post that the organization is “certainly looking” into the matter.
Rose Lake Capital’s website claims the firm has worked with diplomats across more than 80 countries, structuring deals, mergers, and acquisitions. However, amid the reports, the company’s LinkedIn page has reportedly been removed, and its website has stripped team member names and biographies, leaving only a brief summary of operations.
The developments have reignited debates around financial transparency, ethics, and accountability among public office holders, with calls for clarity as scrutiny intensifies.
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