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Rick Caruso Bows Out of 2026 Race, Endorses Mahan

3/2/2026

45 4 Full Breakdown

Summary

Story summary

Rick Caruso, a real estate mogul, will not run for governor or mayor in 2026.
He cites family concerns as the primary reason for stepping back.
In a Cable News Network interview, he said he lost the 2022 mayoral race to Karen Bass.
He endorsed San Jose Mayor Matt Mahan for governor.
He remains undecided about the Los Angeles mayor's race and worries about leadership with Nithya Raman entering.

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Story summary

Rick Caruso, a real estate mogul, will not run for governor or mayor in 2026.
He cites family concerns as the primary reason for stepping back.
In a Cable News Network interview, he said he lost the 2022 mayoral race to Karen Bass.
He endorsed San Jose Mayor Matt Mahan for governor.
He remains undecided about the Los Angeles mayor's race and worries about leadership with Nithya Raman entering.