Alexander Gerko
Source of wealth: Trading
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Modules
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.
Financial Assets
Financial assets information not available.
The Great Lie of Mega-Fortunes: The Case of Alexander Gerko
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Alexander Gerko, linked to Finance & Investments and 'Trading', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 86 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 5.4 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.