eStCru LLC filed for termination roughly one week after Omar submitted an amended financial disclosure that listed the winery as having no value
The California-based winery owned by Rep. Ilhan Omar’s husband has folded, according to business records reviewed by the Washington Free Beacon. The move came nearly one year after the Minnesota Democrat filed a financial disclosure that listed the winery’s value at up to $5 million—and roughly a week after Omar amended the disclosure to state that the winery had no value at all.
The winery, eStCru, filed for termination with the California secretary of state’s office on April 4, records show. The form was signed by Omar’s husband Tim Mynett’s business partner, former DNC adviser Will Hailer.
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It’s a major fall from grace for the winery—at least on paper. Nearly one year ago, in May 2025, Omar filed an annual financial disclosure that said the winery was worth between $1 million and $5 million at the end of 2024. (Lawmakers report their assets in ranges rather than exact figures.) That marked an increase of at least 1,900 percent and as much as 32,233 percent from the previous year, when Omar said the winery was worth between $15,000 and $50,000.
When the Free Beacon reported on Omar’s exploding net worth—Omar had said it was “ridiculous” and “categorically false” to claim she was worth millions of dollars—the left-wing “Squad” member called the report false. Omar argued that, although the winery and one other asset, her husband’s “Venture Capital Management” firm, were indeed worth millions of dollars, they generated no more than $15,000 in income, which is not how wealth is calculated.
“Learn to read before you post misleading shit,” Omar said.
It was Omar who went on to issue a correction. In a revised financial statement filed on March 26—nine days before eStCru filed for termination—Omar disclosed that the winery and venture capital firm, Rose Lake Capital, had no value at all, though she also said they generated up to $5,000 and $1,000,000 in respective income in 2024. She blamed the massive discrepancy on an “accounting error.”
“The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,” Omar spokeswoman Jacklyn Rogers told the Wall Street Journal. “Aides said that Omar looked at the form before it was filed in 2025, but that the error didn’t jump off the page for her because she isn’t involved with her husband’s businesses and she trusted the accuracy of the accountant who provided her husband’s figures,” the outlet reported.
Omar and Mynett, the congresswoman’s third husband, are no stranger to scandal. They denied having an affair in September 2019, when they were both married to other people and when Mynett served as a consultant for Omar’s campaign. By March 2020, Omar and Mynett had divorced their respective spouses and announced they had wed. Mynett’s firm received $3 million from Omar’s campaign from 2018 through 2020.
Mynett then made what has proved to be a rocky transition from political operative to entrepreneur and investor. He founded Rose Lake Capital in 2022 with his business partner, Hailer. The firm claimed on its website that its management team oversaw $60 billion in assets, though it is not registered with the Security and Exchange Commission, and some of its prior advisers, including former senator Max Baucus (D., Mont.), publicly distanced themselves from the firm.
“You can read between the lines,” Baucus told the New York Post in January—”it sounded a little bit fishy.”
Mynett’s wine venture also struggled before its collapse. EStCru—which sold wines with names like “Blockchain” and “Clothesline”—had just $650 in its bank account in February 2024, when it faced a lawsuit from a Washington, D.C., businessman, Naeem Mohd, who sought $780,000 in damages. Mohd’s attorney told the Free Beacon the suit was resolved with the winery paying a cash settlement in November 2024.
Omar’s office did not immediately respond to a request for comment.
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