Caruso bows out of LA mayor and CA governor races, refocusing on nonprofit work
TL;DR Summary
Billionaire developer Rick Caruso announced he will not run for Los Angeles mayor or California governor, citing family considerations and a continued commitment to public service. He will focus on his nonprofit Steadfast LA and related efforts, ending months of speculation after a high-profile 2022 bid in which he spent about $100 million of his own fortune and narrowly lost to Karen Bass, a move that reshapes the 2026 field around Bass.
- Billionaire developer Rick Caruso will not run for L.A. mayor or California governor Los Angeles Times
- Rick Caruso Will Not Run for L.A. Mayor or California Governor in 2026 The New York Times
- Rick Caruso says he won’t run for California governor or Los Angeles mayor KTLA
- Rick Caruso announces he will pursue elected office at this time CBS News
- Billionaire developer Rick Caruso won’t run for California governor or LA mayor Politico
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