Rick Caruso Opts Out of 2026 LA Mayor and California Governor Races

TL;DR Summary
Los Angeles billionaire Rick Caruso said he will not run for LA mayor or California governor in 2026, choosing to step back after weighing how a campaign would affect his family. His withdrawal removes a potential wealth-backed challenger in both races, where Karen Bass faces a crowded field and the governor’s race is already packed with contenders since Gavin Newsom is term-limited; Caruso’s name recognition is stronger in LA than statewide, and his 2022 bid cost him over $100 million.
- Rick Caruso Will Not Run for L.A. Mayor or California Governor in 2026 The New York Times
- Billionaire developer Rick Caruso will not run for L.A. mayor or California governor Los Angeles 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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