 thanks to his stake in the business and payouts he has banked, according to Bloomberg's Billionaires Index. The large dividend came after XTX reported a surge in profits to £1.1bn last year, Companies House filings show, representing a jump of half on 2021's performance. The increase in profits and payouts has added around $5bn to Mr Gerko's net worth, Bloomberg estimated. The 43-year-old has already topped the Sunday Times' tax list after paying almost half a billion pounds to the Exchequer last year. He had previously been at number 10 on the list. Last year he tweeted: 'I am very happy to pay a ton of taxes I am paying and also very much in favour of UBI [universal basic income] and wealth taxes.' Mr Gerko is a maths graduate of the prestigious Moscow State University and the New Economic School. He moved to Britain in 2006 and set up XTX in 2015 after a career in the City of London, including as a trader at Deutsche Bank. He is co-chief executive of XTX, alongside former JP Morgan trader Hans Buehler. Mr Gerko owns a 75pc stake in the business, accounting for the majority of his wealth. The large dividend payout and the rise in value of XTX means Mr Gerko has now become richer than some of the biggest names in British industry. His $10.8bn fortune puts him in fifth place on Bloomberg's ranking of richest British citizens.){kind=link}
Bumper dividend payout for XTX founder follows surge in company’s profits
Britain’s biggest taxpayer has nearly doubled his fortune after his financial trading company paid out £1.6bn of dividends.
Alex Gerko, founder and majority owner of quantitative trading business XTX Markets, is now worth an estimated $10.8bn (£8.5bn) thanks to his stake in the business and payouts he has banked, according to Bloomberg’s Billionaires Index.
The large dividend came after XTX reported a surge in profits to £1.1bn last year, Companies House filings show, representing a jump of half on 2021’s performance.
The increase in profits and payouts has added around $5bn to Mr Gerko’s net worth, Bloomberg estimated.