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What is Alexander Gerko’s Net Worth?
Alexander Gerko, a prominent figure in the world of algorithmic trading, has an estimated net worth of $10.3 billion. This substantial wealth is primarily derived from his majority stake in XTX Markets, a leading electronic market-making firm that he founded in 2015.
In addition to his financial success, Gerko has also made headlines for his substantial tax contributions. In January 2024, he was recognized as the largest taxpayer in the UK, having paid £664.5 million in taxes in the previous year. This marked the second consecutive year he topped the Sunday Times Tax List, with his total tax contributions over the past two years exceeding £1.15 billion.
Gerko is known for his philanthropic efforts, particularly in the field of education. Since 2020, he has donated £25 million to out-of-class maths clubs through the Mathematics Education for Social Mobility and Excellence charity, which he established.
Here’s the breakdown of Alexander Gerko’s net worth:
Name: | Alexander Gerko |
Net Worth: | $10.3 Billion |
Date of Birth: | December 3, 1979 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Alexander Gerko was born on December 3, 1979, in Moscow, Russia. He grew up in a modest neighborhood, attending an average school in the city’s suburbs. Despite the unremarkable educational environment, Gerko’s exceptional talent for mathematics became evident early on.
By the age of 12, he was participating in city-wide math competitions, showcasing his prodigious skills. His early aspirations included winning a Fields Medal, often considered the Nobel Prize of mathematics, although he later acknowledged that his abilities were not quite at that level.
Gerko pursued higher education at Moscow State University, where he earned a Ph.D. in mathematics, further solidifying his foundation in the field that would later define his career.
Career
Gerko’s professional career began in 2004 when he started trading equities at Deutsche Bank. His career took a significant turn in 2009 when he joined GSA Capital, a UK-based hedge fund, where he specialized in foreign exchange trading.
In January 2015, Gerko founded XTX Markets, an algorithmic trading firm that quickly rose to prominence. The company leverages advanced algorithms to trade across various market venues, focusing on price differences.
Under Gerko’s leadership, XTX Markets has become one of the largest liquidity providers in the global foreign exchange market, handling nearly $300 billion in daily trading volume.
Personal Life
In 2006, Gerko relocated to the United Kingdom, where he has since established his life and career. He resides in North London with his wife, Elena, and their three children. Elena, also originally from Russia, is a research economist at the Bank of England.
In 2022, Gerko renounced his Russian citizenship, a move that underscored his opposition to the Russian government’s actions, particularly its invasion of Ukraine.
He became a British citizen in 2016, after a decade of residency.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
