Billionaire Real Estate Developer Rick Caruso Announces Run For Mayor of LA

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Billionaire Real Estate Developer Rick Caruso Announces Run For Mayor of LA
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Billionaire real estate developer Rick Caruso announced his candidacy for mayor of Los Angeles Friday.

Caruso joins a field of high-profile candidates, including Rep. Karen Bass, City Councilmen Joe Buscaino and Kevin de León and City Attorney Mike Feuer.

“I believe in the LA dream -- and I know that we can end homelessness, crime, and corruption. But the politicians can't,'' Caruso said on Twitter after filing."That's why today I formally began the process of running for Mayor of Los Angeles."

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