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Alexander Gerko

Alexander Gerko

A. Gerko
0.34% | + $25.19M
$7.49 B ₹ 68,102 Cr
Real Time Net Worth #509 Ranking as of 21 Feb 2026 By Forbes

More on Alexander Gerko

Gender

Male

Age

46Y

Country

United Kingdom

Born On

December, 1979

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Moscow State University - PhD In Mathematics

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Financial Trading)

Primary Organization

XTX Markets

Titles

Founder & Co-CEO

Sources of Wealth

XTX Markets

Industry

Finance, Investments, Fintech, Technology

About Alexander Gerko


A lexander Gerko is a mathematician and financial trader who founded XTX Markets, a leading quantitative trading firm based in London. Born in Moscow, Gerko earned a doctorate in mathematics from Moscow State University before embarking on a career in finance. He worked as an equities trader at Deutsche Bank and later as a quantitative researcher at a hedge fund, where he honed his skills in algorithmic trading.

In 2015, he founded XTX Markets, which quickly grew into one of the largest market makers in the world. The firm uses sophisticated statistical models and massive computing power to trade across a wide range of asset classes, including equities, currencies, and commodities. Unlike traditional trading firms, XTX has no human traders; all decisions are made by algorithms. Gerko's success has been meteoric, and he has become one of the UK's top taxpayers. He is known for being media-shy but is also a significant philanthropist, focusing on mathematics education and research.

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Quick Reads


  • Founder and co-CEO of quantitative trading firm XTX Markets.
  • XTX Markets is one of the world's largest market-making firms.
  • He holds a Ph.D. in mathematics.
  • The firm uses algorithms and advanced technology to trade, with no human traders.
  • Born in Russia, he is now a British citizen and one of the UK's largest taxpayers.

Early Life and Background


Alexander Gerko, born in Moscow, Russia, on December 3, 1979, is a self-made British billionaire and the brilliant mind behind the quantitative trading powerhouse, XTX Markets. His background is rooted in intense intellectual rigor; he grew up in a middle-class family in Moscow and showed an 'exceptional mathematical talent' from an early age, even aspiring to win a Fields Medal.

Gerko's education was formidable: he holds a Bachelor's, a Master's, and a PhD, all in Mathematics, from Moscow State University. He later secured a Master of Economics from the New Economic School. In 2006, realizing he might not reach 'world-class status' as a pure academic, he made the decisive shift to finance, relocating to London to apply his quantitative skills to the markets. He officially renounced his Russian citizenship in 2022 and is now a British citizen.

Career Journey of Alexander Gerko


Alexander Gerko began his finance career in 2004, trading equities at Deutsche Bank before transitioning to foreign exchange (FX) trading. In 2009, he joined GSA Capital, a quantitative hedge fund, where he built and expanded the currency trading desk. However, his entrepreneurial ambition demanded complete control over profits for reinvestment, leading him to negotiate a spin-off.

In January 2015, Gerko launched XTX Markets, naming it after a mathematical concept used in linear regression. XTX Markets is an algorithmic trading company that uses advanced models to act as an electronic liquidity provider, trading price differences across global venues. The firm rapidly grew into a financial powerhouse, handling almost '$300 billion in daily volume' across equities, currencies, and commodities. This astonishing growth transformed Gerko into one of the wealthiest individuals in the UK, earning him the status of the UK's biggest taxpayer in 2023, contributing an immense £664.5 million to public finances.

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Alexander Gerko's Timeline


2004:

Began his career trading equities at Deutsche Bank.

2006:

Relocated from Russia to the United Kingdom.

2015 (Jan):

Founded XTX Markets, an algorithmic trading firm.

2021 (Jan):

Acquired British citizenship.

2022:

Renounced his Russian citizenship. XTX Markets reported a 64% profit increase to £1.1 billion.

2023 (Jan):

Named the UK's largest individual taxpayer, contributing £664.5 million.

2024:

Established the family office 'Cromulon Capital'.

Ongoing:

Continues to donate vast sums to AI-powered mathematical research.

Major Business Ventures and Investments


Alexander Gerko’s massive self-made wealth is based on his 75% majority interest in his highly profitable quantitative trading firm, XTX Markets, which operates at the forefront of automated financial markets.

  • XTX Markets (Founder and Co-CEO): The core asset, which has revolutionized global financial markets. It acts as an electronic market-maker, providing liquidity in the global foreign exchange, fixed income, commodity, and equity markets. In 2022, the company reported a massive 64% increase in profits, reaching £1.1 billion.
  • 'Cromulon Capital' (Family Office): Established in 2024 to manage his personal wealth, this office is humorously named after a species of human head-shaped planets in the TV show Rick and Morty.
  • Angel Investing and Philanthropic Investments: Gerko is an active angel investor and philanthropist who backs ambitious, frontier technology, including investments in companies like 'Boom Supersonic'.

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Philanthropy and Social Impact


Alexander Gerko is one of the UK’s most active philanthropists, channeling his giving toward the development of mathematics, science, and social mobility, reflecting the intellectual foundation of his success. Since 2020, he has committed large sums to education and research, with total donations approaching '$400 million'.

  • Axiom Maths ('Mathematics Education for Social Mobility and Excellence'): He founded this charity to provide out-of-class math clubs, aiming to bring the opportunity he had as a child to young people in the UK from under-represented backgrounds.
  • AI-Math Research: He recently gave a $10 million gift to initiatives (Lean FRO and Mathlib) focused on applying Artificial Intelligence (AI) to formal mathematical research. This strategic giving 'flips the script', funding the fundamental mathematical engines that enable AI.
  • Humanitarian Aid: XTX Markets and Gerko contributed at least £20 million to aid Ukraine following the Russian invasion, following his outspoken criticism and renunciation of his Russian citizenship.

Fashion, Style, and Lifestyle


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Quotes and Philosophy


“My success and that of XTX Markets has been built on mathematics. Supporting the new Friends of IHES endowment fund is a way for me to ensure that mathematical knowledge keeps on advancing.”

“AI is opening new doors for mathematical discovery and collaboration in ways that were never before possible.”

Fun Facts & Trivia


  • He holds a PhD in Mathematics and aspired to win the Fields Medal (the 'Nobel Prize of mathematics') before pivoting to finance.
  • He was named the UK's biggest individual taxpayer in 2023, contributing over £664 million.
  • His family office is named 'Cromulon Capital', after a species of alien planets from the sci-fi cartoon Rick and Morty.
  • His first company was initially bootstrapped with a small team and capital spun off from his previous employer, GSA Capital.
  • He made a $10 million gift to fund research applying AI to formal mathematics, believing this strengthens the future of AI itself.
  • XTX Markets handles nearly '$300 billion in daily volume' across global financial markets.
  • He renounced his Russian citizenship in 2022 and now holds British citizenship.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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