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Britain’s highest taxpayer lands £682m payday

Alex Gerko, the founder of XTX Markets, received a record £682 million as part of a £1.28 billion profit share among 31 partners at his firm last year.
In 2023, Mr. Gerko paid £665 million in taxes, reinforcing his status as Britain's largest individual taxpayer.
Following Russia's invasion of Ukraine, Gerko renounced his Russian citizenship in 2022 and donated tens of millions to support Ukrainian charities, demonstrating his commitment to philanthropy.
His company uses advanced technology to predict market trends, allowing it to handle about £185 billion in daily transactions.

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This Is Money

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'King of the geeks' earns £682m in one of UK's biggest ever paydays

Alex Gerko, 45, took home the staggering sum thanks to the success of his London-based company XTX Markets, which uses machine learning to profit from financial trading.

1 day ago·United Kingdom

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GB News

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Britain's biggest taxpayer pays himself incredible record amount after profit surge at high-tech trading firm

A staggering £682million payout has landed in the hands of Alex Gerko, Britain’s top taxpayer and founder of cutting-edge trading giant XTX Markets

1 day ago·London, United Kingdom

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The Telegraph

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Britain’s highest taxpayer lands £682m payday

‘King of the geeks’ mathematician receives lion’s share of £1.3bn profit at high-tech trading firm

2 days ago·London, United Kingdom

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The Times

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Alex Gerko earns record £682m payout from XTX trading firm

The Russian-born mathematician, whose company uses machine-learning to make money from the financial markets, was said to be Britain’s biggest taxpayer last year

2 days ago·United Kingdom

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