Caruso enters crowded race less than 24 hours before Saturday candidacy deadline
CA Globe:
By Evan Symon
Billionaire real estate developer and CEO of the Caruso real estate company, Rick Caruso, entered the Los Angeles Mayoral race on Friday.
A graduate of the University of Southern California (USC) and Pepperdine University, Caruso grew up in Los Angeles. Caruso’s father, Henry Caruso, was the founder of Dollar Rent-A-Car. After graduating, Caruso briefly became a real estate lawyer before transitioning into retail and residential property development. Beginning in the 1990’s, Caruso began developing a number of properties across Southern California including the Commons at Calabasas, Palisades Village in Pacific Palisades, and The Grove in LA.
While Caruso has not been elected to any public office in the past, he has received a number of appointments in Los Angeles. In 1985, then-Mayor Tom Bradley appointed Caruso, then only 26, as a Commissioner for the Los Angeles Department of Water and Power, the youngest ever to hold the position. This was followed up in 2001 by then-Mayor James Hahn appointing him to the Los Angeles Board of Police Commissioners, serving as President for 5 years. Throughout the years, he has also served as the Chairman of the USC Board of Trustees and several other smaller city commission placements. read more
I could see him doing fairly well as mayor, as Dick Riordan did a couple of decades ago – fairly conservative businessman taking on the mayoral role. Certainly would be better than Garcetti. I don’t know that he could get elected in this time though.
I’M WITH YOU, DAN…WOULD BE A GREAT IMPROVEMENT
It doesn’t sound like he’s been part of the homeless industrial complex. Pretty good for an LA developer
Oh boy, billionaires always know whats best for us, NOT
Goooolly, he sure has all the qualifications, NOT
Maybe as head janitor & work his way up.