How rich is the US Representative for Minnesota?

If you were wondering just what Ilhan Omar’s net worth is, you’re in the right place. In this piece, we explore the Somali refugee turned US Representative’s personal wealth, assets, and investments, as well as all other relevant financial information.

Who is Ilhan Omar?

Ilhan Omar is a Somali-American politician who serves as the US Representative for Minnesota’s 5th Congressional District. She is a member of the Democratic Party and is widely recognized for her progressive stances on issues such as healthcare, immigration, and foreign policy. Omar made history in 2018 when she became one of the first two Muslim women elected to the US Congress, alongside Rashida Tlaib.

Born in Somalia, Omar fled the civil war in her home country with her family and eventually settled in the United States as a refugee. She grew up in Minneapolis, Minnesota, and became a naturalized citizen in 2000. Before entering politics, Omar worked as a community organizer and policy analyst, focusing on issues affecting immigrant communities.

What is Ilhan Omar’s net worth?

There is a lot of dispute over Ilhan Omar’s net worth, with various claims floating around the web and interpreting her wealth differently. However, based on her 2022 financial disclosure report, we estimated that she’s worth between -$112,988 and $205,000.

Disclaimer: Estimating a Congress Representative’s net worth is challenging because disclosure forms do not mandate exact values. Instead, they report the value of their assets and liabilities within specified ranges. While we strive to accurately estimate net worth from filings, disclosure rules have shortcomings. Personal residences, certain personal property, and federal retirement accounts are often not reported. Large assets can be listed in broad categories like “Over $1 million” or “Over $50 million,” potentially worth much more. Additionally, Ilhan Omar earns $174,000 annually, but this isn’t required to be disclosed.

How did Ilhan Omar make her money?

Here’s a brief overview of Ilhan Omar’s income sources:

• Congressional salary: As a member of the US House of Representatives, Omar earns an annual salary of $174,000, which is her primary source of income;

• Book deals: Like many public figures, Omar has earned income from advances and royalties from her book This Is What America Looks Like: My Journey from Refugee to Congresswoman, released in 2020;

• Speaking engagements: Omar occasionally earns money from speaking engagements at various events and conferences.

Ilhan Omar’s assets

According to her already mentioned 2022 financial disclosure report, Ilhan Omar’s assets range from $37,012 to $250,003, with liabilities totaling from $45,003 to $150,000. Out of all her assets, the most valuable ones include:

• A partnership in a winery in Santa Rosa, CA, valued between $15,001 and $50,000;
• Minnesota Target Retirement 2050, valued between $15,001 and $50,000;
• MFS Global Equity Fund Class C, valued between $1,001 and $15,000.

Controversies

Omar has faced criticism for her remarks about Israel and the influence of pro-Israel lobbies in American politics. In 2019, she apologized for tweets that were perceived as anti-Semitic, where she suggested that political support for Israel was driven by money from the American Israel Public Affairs Committee (AIPAC).

In 2021, Omar made comments that seemed to equate the actions of the US and Israel with those of Hamas and the Taliban. This led to a rebuke from some of her Democratic colleagues, who found the comparison offensive.

Finally, in February 2023, the Republican-controlled House voted to remove Omar from her seat on the Foreign Affairs Committee. This decision was based on her past comments about Israel and concerns over her objectivity.

The bottom line

From what we were able to gather, Ilhan Omar’s net worth ranges from -$112,988 and $205,000. In case the actual figure is closer to the second number, we must say that that’s no small feat, knowing Omar’s refugee background.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.