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Wealth Advisor
Wealth Advisor

Ilhan Omar’s Amazing Accounting

Investors want to know where to find assets like hers.

A bombshell report in the Journal on Friday night has triggered a media feeding frenzy. Just kidding—the story is about questionable disclosures from a left-wing politician, so the partisan press corps is largely ignoring it.

The Journal’s John McCormick delivered the scoop:

Democratic Rep. Ilhan Omar of Minnesota, facing potential investigations pushed by President Trump and House Republicans, said she isn’t as wealthy as documents she previously submitted to Congress suggest because there were major accounting errors in her filing.

An Omar disclosure filed last year showed she and her husband held assets of between $6 million and $30 million, a massive rise in wealth from her previous annual filing. That jump triggered questions among Republicans eager to scrutinize a critic of the president.

An amended filing viewed by The Wall Street Journal shows the couple’s assets to be just $18,004 to $95,000. The forms don’t require exact values, only broad ranges.

Not nearly as broad as the differences between Rep. Omar’s old filing and the new one—from extremely wealthy to far below typical household wealth in one amended filing.

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