Rep. Ilhan Omar’s net worth surged to as much as $30 million, raising eyebrows after her earlier denial of being a millionaire. Her assets include a winery valued at $1-5 million and a venture capital firm valued at $5-25 million, tied to her husband, Tim Mynett (1, 2, 3, 4). President Trump has attacked Omar, alleging she’s an illegal immigrant (6, 7, 8, 9). Omar responded to the coverage, clarifying that her husband’s assets don’t solely reflect her net worth (10).

Omar’s financial disclosure also revealed $15,001-$50,000 in student loan debt, showcasing a more relatable financial reality (11). Building wealth often involves smart financial decisions and the growth of assets, like venture capital firms and wineries (12). Investing in the S&P 500 index fund, which includes 500 large American companies, provides instant diversification for investors of all wealth levels (13). Platforms like Acorns allow easy investing in diversified portfolios, starting with spare change (14).

Real estate, another cornerstone of wealth building, offers passive income and appreciation potential, acting as a hedge against inflation (15). Mogul provides fractional ownership in rental properties, offering monthly income and appreciation without landlord responsibilities (16). Gold and silver prices have risen significantly, with Goldco offering a gold IRA for physical metal ownership with tax advantages (17, 18). Precious metals can serve as an inflation-hedging strategy, diversifying investment portfolios (19).

Read more at Yahoo Finance: Ilhan Omar denies ‘ridiculous’ claims that net worth spiked from $0 to $30M. What do the numbers say?