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Billionaire developer Rick Caruso will not run for LA mayor

Rick Caruso, who spent $100 million on the 2022 race, confirms he will not challenge Mayor Karen Bass in the June primary despite recent reconsideration.

  • Billionaire developer Rick Caruso announced he will not run for LA mayor in the 2026 election, citing concerns for the future of the city.
  • Mayor Karen Bass and her office denied Caruso's accusations, asserting that she did not alter any details in the report.
  • As of February 5, 2026, the LA City Ethics Commission lists 37 candidates for mayor, with the filing deadline approaching on February 7.
  • Former LAUSD Superintendent Austin Beutner dropped out of the mayoral race on February 5 following the death of his daughter.
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abc 7 LA broke the news in Los Angeles, United States on Thursday, February 5, 2026.
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