Who Is Andrew Litinsky? Major Trump Investor Just Dumped Millions of Shares

A major investor in Donald Trump’s media organization, Trump Media & Technology Group, sold most of their shares in the company, according to a statement of ownership report released last night.
Investor Andrew Litinsky’s firm United Atlantic Ventures (UAV) now owns 100 shares worth around $1,400, the document shows, which is down from the 7.5 million shares his firm previously owned as of late March, which equated to 5.5 percent of the company’s common stock and were worth more than $100 million on Thursday.
The value of TMTG shares have been declining over recent months, and last week on Friday they hit their lowest level on record.
Trump himself owns 114.75 million shares in Trump Media, which were reportedly worth $6.2 billion in mid-May, according to CNN.
As the stock has fallen, the former president’s stake is now worth about $1.6 billion based on Thursday’s closing price of $13.98.
Newsweek has emailed the Trump Media organization’s press office out of hours for comment, and called the United Atlantic Ventures office.
Litinsky is the owner of UAV, a company based in Fort Lauderdale, Florida, alongside Georgia resident Wesley Moss. Both helped to arrange the merger that enabled TMTG to go public in March.
Litinsky and Moss were also the brains behind the idea for Truth Social after Trump was banned from Twitter following the January 6 Capitol riots, the BBC reported.
The Harvard graduate from Florida was also the youngest candidate to compete on NBC’s The Apprentice at the age of 23 in 2004, a reality TV show which was co-produced and hosted by Trump.
Despite being fired during the course of the televised competition for a job with Trump, Litinsky still landed a role in the Trump Organization to take charge of a new venture as a project manager, Reuters reported in 2015.
It was reported by The Harvard Crimson that Litinsky was still taking his final semester exams during the course of the show, and sat the quantitative reasoning exam of his degree in a side office of Trump Tower.
In April of this year, Trump filed a lawsuit against Litinsky and Moss which alleged they made a series of “reckless and wasteful decisions” when developing TMTG resulting in significant damage.
It added that they “failed spectacularly at every turn.”
The lawsuit also requested that Litinsky and Moss be forced to return their stake in Trump’s media company, as they were about to receive 8.6 million shares through their company UAV, a total of shares which, at the time, was worth around $444 million, according to CNN.
Per the outlet, the two UAV owners had also previously filed their own lawsuit in Delaware against Trump, as they argued he was planning to dilute their stake in the company after the post-merger lock-up ended on September 19.
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