Alexander Gerko became Britain’s top taxpayer
A billionaire from Russia and the owner of the trading company XTX Markets contributed more than $602.8 million to the treasury. Alexander Gerko was born in Moscow and graduated from Moscow State University. In 2015, he founded a trading company in the UK. At the end of last year, Bloomberg estimated the businessman’s fortune at $6 billion.
The founder of the London-based trading company XTX Markets, billionaire Alexander Gerko topped The Sunday Times list of businessmen who paid the most in taxes to the British treasury (The Tax List 2023).
For the year, the 43-year-old entrepreneur paid £487 million ($602.8 million) in taxes in the UK, or £1.5 million ($1.8 million) per day, the newspaper writes. Thanks to this, he managed to move the leader of the ranking of the last three years, the founder of the international bookmaker Bet365, Denise Coates (£460.2 million, or $569.6 million) and her family, to second place. Rounding out the top three with his family is Stephen Rubin (£392.3m, or $485.7m), co-owner and head of the sporting goods Pentland Group.
TASS, 01/27/2023, “Times: A native of Russia became the UK’s largest taxpayer in 2022”: Gerko is a Doctor of Mathematics, a graduate of Lomonosov Moscow State University and the New Economic School (NES), received a British passport in 2016. In December 2022, he announced that he had completed the process of withdrawing from Russian citizenship, which began in 2020. — Inset K.ru
He began his career trading stocks at Deutsche Bank, later worked at the GSA Capital hedge fund, and in 2015 founded his own trading firm, XTX Markets. She specializes in algorithm-based high-frequency trading and uses statistical models that analyze trading data.
In December, Bloomberg estimated Gerko’s fortune at $6 billion. In Britain, according to The Sunday Times, he is funding a number of projects to improve the teaching of mathematics, including evening classes and weekend classes for secondary school students. The publication calls Gerko a fan of science fiction and an outspoken critic of the Russian military operation in Ukraine. Gerko has been on The Tax List before. Last year, he entered the top 10 for the first time with £117.4 (about $145.2 million) in taxes paid.
