Rank #265
Alexander Gerko
Net worth $11.9B
Trading · United Kingdom
- Born
- Dec 03, 1979
- Age
- 46
- Source
- Trading
- Residence
- London
- Citizenship
- United Kingdom
- Marital status
- Married
- Children
- 0
- Education
- Master of Science, Moscow State University; Ph.D, Moscow State University; Master of Economics, New Economic School
Net worth over time
Biography
- Alex Gerko, a former FX quant trader for Deutsche Bank and head of FX trading of GSA Capital, founded algorithmic trading company XTX Markets in 2015.
- Gerko is Co-CEO of XTX, which posted record profits in 2021 and became the largest emerging market FX provider in 2022.
- Born in Russia, he has lived and worked in the U.K. since 2006 and has U.K. citizenship.
- Gerko has invested in 64 companies including Compology, provider of artificial intelligence solutions in waste and transportation and Yet Analytics as an angel investor, according to Pitchbook.
- XTX, which paid dividends of more than $1 billion to Gerko in 2022, sued Trump's former accounting firm, Mazars, after it refused to work with its Russian-born owner.
- Gerko has PhD in Mathematics and wrote several research papers including one that tested market timing for trading.
- After Russia's invasion of Ukraine, XTX issued a statement in support of Ukraine and donated more than $25 million to nonprofits providing humanitarian relief.