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Saving California? It’s ‘Just Not That Complicated,’ Says Rick Caruso.
The billionaire real-estate developer won’t say if he’s running—or for what—but he knows what he’d do were he to win.
By Peter Savodnik
01.07.26 — California
Rick Caruso has been politicking full-time, prepping for a potential run for office, reports Peter Savodnik. (All photos by Philip Cheung for The Free Press)
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In Los Angeles, there’s an almost palpable buzz building around billionaire real-estate developer Rick Caruso: Will he or won’t he run for office?

The speculation—among politicos, reporters, and longtime denizens who pine for LA’s fading glitz—has reached a boiling point as the city has inched closer to January 7. Today marks the one-year anniversary of the fires that ravaged the Pacific Palisades; Altadena, north of downtown; and parts of the Hollywood Hills.

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The fires left countless Angelenos—and Californians more broadly—wondering who was in charge and how this could have happened.

The politics of this place, I wrote the morning after the fires broke out, “will be upended.”

Now, we’re fast approaching the first big elections since then. The mayoral election in LA and the gubernatorial primary in California are both scheduled for June 2.


Read
The California Fire That the World Forgot

Officially, Caruso—who’s spent the past few decades building high-end shopping centers like LA’s The Grove and The Commons at Calabasas—hasn’t made up his mind. Last month, when I inquired about his political plans, he sounded vaguely surprised—as if I had paid him a visit to discuss his next construction project.

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Peter Savodnik
Peter Savodnik is senior editor at The Free Press. Previously, he wrote for Vanity Fair as well as GQ, Harper’s Magazine, The Atlantic, The Guardian, Wired, and other publications, reporting from the former Soviet Union, the Middle East, South Asia, and across the United States. His book, The Interloper: Lee Harvey Oswald Inside the Soviet Union, was published in 2013.
Tags:
City on Fire
Progressives
Democrats
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