WASHINGTON (Diya TV) — Rep. Ro Khanna of California is facing scrutiny after a Washington Free Beacon investigation detailed the scale of his family’s wealth, raising questions about whether his personal financial situation aligns with his public stance on wealth inequality. The report, by Free Beacon reporter Andrew Kerr, focuses on assets tied to trusts controlled by Khanna’s wife and children, along with luxury properties and investment holdings.
Khanna has built a national profile as a progressive Democrat who frequently criticizes wealth inequality and has supported taxing the wealthiest Americans and banning members of Congress from trading individual stocks. The report contrasts that record with his family’s financial structure.
Khanna’s wife, Ritu Ahuja Khanna, is the daughter of Cleveland businessman Monte Ahuja, founder of automotive parts company Transtar Industries. Ahuja has since expanded into investments and philanthropy through Mura Holdings and established trusts benefiting his children and grandchildren.
Khanna’s 2024 financial disclosure ran 333 pages and listed more than 3,000 assets owned by him, his wife and their children. Based on federally required disclosure ranges, the family’s holdings could total between $103 million and more than $340 million; some assets are listed in categories that disclose only a value above $1 million, leaving an exact total unknown.
The report states that Khanna’s two minor children hold interests through irrevocable trusts valued between $26 million and more than $73 million. Such trusts can shield beneficiaries from future estate taxes.
On real estate, the report says Khanna’s wife purchased the family’s Washington, D.C. home through a trust in 2020 for about $3.15 million; the home is now listed for sale above $6 million as the family prepares to move to McLean, Virginia, where a property tied to advisers connected to the Ahuja family was purchased for roughly $10 million.
The report also notes that Khanna’s wife bought a Range Rover valued at about $190,000 in late 2024 and later filed a lemon-law lawsuit against the dealer; the case was settled on undisclosed terms.
On investments, trusts benefiting Khanna’s wife and children hold stakes in MAI Capital Management, a wealth management firm with more than $65 billion under management, and in Silver Point Distressed Opportunity Fund, a hedge fund specializing in distressed debt. Khanna has previously criticized hedge funds and supported stock-trading restrictions for members of Congress; he has said he does not direct the trusts’ trades and has no knowledge of their investment decisions, noting the trusts were established before his 2015 marriage.
The disclosures also show Khanna’s children hold stakes in three Cleveland-area private golf clubs — Barrington Golf Club, Sand Ridge Golf Club and Mayfield Country Club — which generated substantial income in 2024, according to the filings.
Khanna’s office has not issued a detailed response to the Free Beacon report.
