The billionaire real estate mogul has long been rumored to be eyeing a run to be California's next governor.

Rick Caruso, a billionaire who had long considered running for California governor or challenging Mayor Karen Bass of Los Angeles to a rematch this year, announced on Friday that he will remain on the ...

Billionaire real estate mogul Rick Caruso announced Friday, Jan. 16, that he will not run for office this year, putting to rest months of speculation that he would seek to become either the next mayor ...

Billionaire real-estate developer Rick Caruso announced he’s officially out on pursuing elected office ahead of the upcoming midterm elections. The Los Angeles shopping mall mogul said the decision ...

After weeks of speculation, billionaire developer Rick Caruso says he will not run for mayor or governor, ending rumors of a ...

A little over a year ago, it was clear to me that we had to have private enterprise, private individuals, jump into action ...

Rick Caruso unveils a light installation at Palisades Village on the anniversary of the wildfires. (Photo credit: Jason Armond/Los Angeles Times/Getty Images) Rick Caruso, who was the runner-up to ...

San Jose Mayor Matt Mahan’s bid for California governor is drawing applause from business heavyweights like billionaire Rick ...

Two takeaways from real estate mogul Rick Caruso’s decision to run for neither LA mayor nor California governor in 2026, after months of will-he-or-won’t-he scuttlebutt: One: California gained a ...

Billionaire real estate developer Rick Caruso announced Friday on social media that he will not run for California governor or Los Angeles mayor in 2026, but vowed to stay deeply involved in public ...