For decades, billionaire Rick Caruso has quietly wielded influence and curried political capital in one of the nation’s most sprawling and diverse metropolises. Now, he wants to cash in that clout for the top job in city hall.
Since launching his holding company in 1987 Caruso has been cast as a suave, Gatsby-esque businessman who presides over his luxury shopping centers with generosity and grace. A 2003 Los Angeles Times column described Caruso at the Grove, one of his landmark developments in West LA, being “royally received” as “the focus of attention in his own Magic Kingdom.”
Perhaps most notably, he served on the Los Angeles Police Commission for five years, two as president. At that time, he was a registered Republican. Caruso in an interview last week said his attendance rate the first two years was ”in the 90th percentile.” He didn’t dispute his spotty attendance in the following years, but said he was spending more time in the community during that period.
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