IT Billionaire Mashrabov Becomes a Citizen of Kazakhstan

The announcement was made by Kazakhstan’s Minister of Artificial Intelligence and Digital Development

Alex MASHRABOV, co-founder of the artificial intelligence (AI) company Higgsfield, has obtained Kazakh citizenship. The corresponding decree was signed by President Kassym-Jomart TOKAYEV on October 30, according to Jaslan MADIYEV, Kazakhstan’s Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development, who shared the news on Instagram.

“Kazakhstan now has one more billionaire! I was pleased to present a Kazakh passport to Alex Mashrabov, co-founder of Higgsfield,” the minister wrote.

According to Madiyev, Kazakhstan is interested in attracting specialists who develop cutting-edge technologies. He thanked the Higgsfield team for its contribution to the development of the country’s AI industry and noted that the company’s products are used by more than 40 million people.

Higgsfield specializes in AI-powered image and video creation and editing. Mashrabov founded the company in 2023 together with Kazakh developer Erzat DULAT.

On August 19, Forbes suggested that Mashrabov could be included in its list of Russian billionaires. According to the magazine, Higgsfield raised $400 million in investment at a valuation of $5.4 billion. At the beginning of 2026, the startup was valued at $1.3 billion.

Experts interviewed by Forbes estimated Mashrabov’s stake in the company at 25-30%. Higgsfield’s investors were reported to include Intel, Goldman Sachs, DST Global, and Liberty Global.

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