Overview
- The billionaire developer announced the decision in a Friday social media post after what he called reflection and family discussions.
- He said his name will not appear on upcoming ballots but pledged to keep supporting communities in need.
- Caruso framed public service as not requiring a title, vowing to serve “from a different seat.”
- Recent efforts include partnering with Mayor Karen Bass and Lakers head coach JJ Redick to rebuild the Palisades Recreation Center and backing Eaton Fire recovery through Steadfast LA.
- The 2022 Los Angeles mayoral runner-up had been floated for the governor’s race and a possible rematch for mayor ahead of the 2026 primary.