Buy Our Writers A Coffee

Subscription Amount. Min £2

A London-based Russian-born billionaire has become the UK’s highest taxpayer with a nearly £490mln bill.

Alan Gerko, who accumulated much of his wealth via his robot trading firm XTX Markets, valued at £5bn, renounced his Russian citizenship last year.

According to the Sunday Times Tax List, the 43-year-old paid more tax last year than Bet365 founder Denise Coates, sportswear tycoon Stephen Rubin and hedge fund billionaire Sir Chris Hohn.

Other top payers include Harry Potter author JK Rowling, Wetherspoon boss Tim Martin, Sting and the Duke of Westminster.

The top 10 taxpayers handed over £2.3bn to the Treasury, an increase of nearly 14% compared to a year earlier.

Gerko is a maths graduate of Moscow State University and the New Economic School, beginning his finance career as a Moscow-based researcher at Deutsche Bank in 2004.

He then moved to the UK in 2006, where he joined hedge fund GSA Capital in 2009 before founding XTX Markets.

XTX generates revenues of more than £1.4bn and employs algorithmic trading strategies to provide liquidity to businesses, exchanges and trading venues. 

By Jai Singh, Proactive


About IEA Media Ltd

Informer East Africa is a UK based diaspora Newspaper. It is a unique platform connecting East Africans at home and abroad through news dissemination. It is a forum to learn together, grow together and get entertained at the same time.

To advertise events or products, get in touch by info [at] informereastafrica [dot] com or call +447957636854.
If you have an issue or a story, get in touch with the editor through editor[at] informereastafrica [dot] com or call +447886544135.

We also accept donations from our supporters. Please click on "donate". Your donations will go along way in supporting the newspaper.

Get in touch

Our Offices

London, UK
+44 7886 544135
editor (@)
Slough, UK
+44 7957 636854
info (@)

Latest News

Kiir removes two SPLM officials, appoints additional NLC members

Kiir removes two SPL...

President Salva Kiir on Friday removed two deputies to the Secretary General of the Sudan People`s...

Uganda deploys 1,000 troops to eastern DRC

Uganda deploys 1,000...

A contingent of one thousand troops departed Uganda on Wednesday heading to the eastern part of the...

'Hotel Rwanda' hero Paul Rusesabagina arrives in US after his release

'Hotel Rwanda' hero...

The man who inspired the Hollywood film Hotel Rwanda returned to the US on Wednesday after being fr...

Chimpanzee Gang Rips Off Boy's Face During Savage Congo Attack

Chimpanzee Gang Rips...

(Photo : Photo by YASUYOSHI CHIBA/AFP via Getty Images) A chimpanzee gang ripped off a young boy's f...

For Advertisement

Big Reach

Informer East Africa is one platform for all people. It is a platform where you find so many professionals under one umbrella serving the African communities together.

Very Flexible

We exist to inform you, hear from you and connect you with what is happening around you. We do this professionally and timely as we endeavour to capture all that you should never miss. Informer East Africa is simply news for right now and the future.

Quality News

We only bring to you news that is verified, checked and follows strict journalistic guidelines and standards. We believe in 1. Objective coverage, 2. Impartiality and 3. Fair play.

Banner & Video Ads

A banner & video advertisement from our sponsors will show up every once in a while. It keeps us and our writers coffee replenished.