Rick Caruso

Caruso, an Italian American, was born in Los Angeles.{{cite web | url=https://www.theguardian.com/us-news/2022/oct/13/rick-caruso-italian-white-republican-la-mayor-debate | title='I'm Italian': Los Angeles mayoral contender says he's not white | website=TheGuardian.com | date=October 13, 2022 }} His father, Henry Caruso, was the founder of Dollar Rent-A-Car and owner of many car dealerships in the Los Angeles area. His mother Gloria was a billboard model in her youth.{{Cite news |url=https://www.pressreader.com/usa/los-angeles-times/20171203/283012580066156|title=Gloria and Hank Caruso Had A Romance That Began Like A Scene From A Hollywood Movie |newspaper=Los Angeles Times |date=3 December 2017 |access-date=2019-03-14}} Caruso received a Bachelor of Science degree from the University of Southern California in 1980 (where he was a member of the Sigma Alpha Epsilon fraternity and the Trojan Knights); and a J.D. from the Pepperdine University School of Law in 1983 as a Margaret Martin Brock Scholar.{{cite web|url=http://priceschool.usc.edu/alumni/guardian/2007-honorees/caruso|title=Rick J. Caruso|publisher=USC Price|access-date=May 11, 2013}}{{cite web|url=http://www.pepperdine.edu/pr/releases/2009/april/rick-caruso-pa-dinner.htm|title=Distinguished Alumnus Rick J. Caruso Addresses Audience at 33rd Annual Associates Dinner|publisher=Pepperdine University|access-date=May 11, 2013}}{{cite web|url=http://law.pepperdine.edu/financial-assistance/scholarships-grants/|title=Admissions|publisher=Pepperdine University|access-date=11 May 2013}}

==Career==

Caruso was a real-estate lawyer in the corporate finance department at Finley Kumble.{{cite news|last=Meinert|first=Maya|title=Early Developer|url=http://labusinessjournal.com/accounts/login/?next=/news/2009/mar/16/early-developer|work=LA Business Journal|access-date=May 12, 2013}} In 1987, he founded Caruso, a company that develops, owns and manages properties. He initially purchased parking lots that his father agreed to lease for Dollar Rent-A-Car which he sold when the property rose in value.{{Cite news |last1=Vincent |first1=Roger |last2=Hiltzik |first2=Michael |date=2022-06-04 |title=The business of Rick Caruso: How a mayoral candidate amassed his fortune |url=https://www.latimes.com/business/story/2022-06-04/how-rick-caruso-made-his-fortune |newspaper=Los Angeles Times |language=en-US}} In 1990, he quit law to develop his retail and residential properties full-time.{{cite news|title=Commercial Real Estate: Developer Turns Shopping Malls Into Center of Attention|author=Morris Newman|date=November 10, 1998|work= Los Angeles Times|id = {{ProQuest|421342867}}}}

His projects include The Grove at Farmers Market in Los Angeles, the Americana at Brand in Glendale, the Commons at Calabasas, the Promenade at Westlake, The Lakes at Thousands Oaks (leased from the City of Thousand Oaks),{{Cite news|last=Harris|first=Mike|date=December 1, 2021|title=Divided Thousand Oaks City Council approves planned six-story apartment complex|url=https://www.vcstar.com/story/news/local/communities/conejo-valley/2021/12/01/thousand-oaks-city-council-approves-planned-apartment-complex/8793608002/|access-date=2022-02-17|newspaper=Ventura County Star|language=en-US}} Waterside Marina del Rey, Palisades Village in Pacific Palisades and the Rosewood Miramar Beach in Santa Barbara.{{cite news|url=https://www.latimes.com/business/la-fi-rosewood-miramar-hotel-20190303-story.html |title= Grove builder Rick Caruso reimagines Miramar resort with splashes of seaside splendor |newspaper=Los Angeles Times |first=Roger|last=Vincent|date=March 3, 2019|access-date=March 3, 2019}}{{cite news|url=https://www.latimes.com/business/la-fi-caruso-palisades-village-20180922-story.html|title=Developer Rick Caruso goes small with new Pacific Palisades shopping district|date=September 22, 2018|newspaper=Los Angeles Times|access-date=October 10, 2019}}

In 2015, Caruso funded a voter initiative to bypass local planning laws and the California Environmental Quality Act (CEQA) in order to build an outdoor mall in Carlsbad, California.{{Cite web |last=Showley |first=Roger |date=August 30, 2015 |title=Caruso project: A model for speedy development? |url=https://www.sandiegouniontribune.com/business/growth-development/sdut-initiative-caruso-carlsbad-planning-2015aug30-htmlstory.html |access-date=March 18, 2019 |website=San Diego Union Tribune |df=mdy-all}} Although the initiative passed, a subsequent referendum overturned it and a public vote was required. This initiative, Measure A, failed and the mall construction was ultimately blocked.{{Cite web |last=Diehl |first=Phil |date=August 11, 2016 |title=New documents show more Caruso spending |url=https://www.sandiegouniontribune.com/news/politics/sdut-documents-show-caruso-spent-12m-2016aug11-story.html |access-date=March 18, 2019 |website=San Diego Union Tribune |df=mdy-all}} All together, Caruso spent $12 million in less than a year on getting the project approved. This spending included television ads, mailers, and consulting services. Despite his prior criticism of CEQA, one of his malls filed a CEQA suit in 2025, seeking to block the $1 billion Television City project in the Fairfax District of Los Angeles.David Zahniser, [https://www.latimes.com/california/newsletter/2025-02-15/la-me-rick-carusos-the-grove-sues-to-block-television-city-l-a-on-the-record Rick Caruso's mall sues to stop the $1-billion Television City project], Los Angeles Times (February 15, 2025).

In 2016, the Los Angeles Times reported that Caruso, his affiliates and family, had given more than $476,000 to L.A. city officials over the past five years; during this time Los Angeles City Hall approved numerous building projects.{{Cite web |last=Zahniser |first=David |date=December 28, 2016 |title=Political donations flow as Rick Caruso seeks approval for a 20-story tower near the Beverly Center |url=https://www.latimes.com/local/lanow/la-me-ln-caruso-developer-donations-20161115-story.html |access-date=March 18, 2019 |website=L.A. Times |df=mdy-all}}

In 1985, at the age of 26, Caruso was named by Mayor Tom Bradley to serve as a commissioner for the Los Angeles Department of Water and Power,{{cite web|url= http://www.caesars.com/thelinq/pdf/Linq-Bios.pdf|title=The Linq: Retail Advisors |publisher=Caesars Palace|access-date=May 6, 2013|df= mdy-all }} becoming the youngest commissioner in the history of the city.{{cite web |url= http://www.metnews.com/articles/comm0822.htm|title=Attorney Rick Caruso Unanimously Elected to Head Police Commission |publisher=Metnews.com|date=2001-08-22|access-date=2011-09-03 |df= mdy-all }}{{cite news|url= http://labusinessjournal.com/news/2012/may/11/caruso-named-ernst-young-llp-master-entrepreneur-y|title=The Caruso Factor |first=Matthew |last=Fleischer|date=December 31, 2008|work= Los Angeles Business Journal |df= mdy-all }}

In August 2001, Caruso was appointed by Mayor James K. Hahn to the Los Angeles Board of Police Commissioners{{cite web|url=https://www.latimes.com/archives/la-xpm-2002-oct-03-me-chief3-story.html |title=Hahn Picks Bratton to Lead Police Force |work=Los Angeles Times |date=2002-10-03 |access-date=2011-09-03 |df= mdy-all }} and was elected its president. In this role, he led the selection process that resulted in the hiring of former New York City Police Commissioner William Bratton as the Los Angeles Chief of Police.

In 2008, Caruso was elected to serve as a member of the Los Angeles Coliseum Commission,{{cite web|url=http://www.lacoliseumlive.com/joomla/index.php?option=com_content&view=article&id=59&Itemid=71|title=Coliseum Commission|publisher=Lacoliseumlive.com|date=1945-09-25|access-date=2011-09-03 |df= mdy-all }} which oversees the operations of the Los Angeles Memorial Coliseum and nearby Los Angeles Memorial Sports Arena. During his tenure on the commission, Caruso advocated for its reform, including the resignation of its general manager,{{cite news|url= http://blogs.laweekly.com/informer/2011/02/caruso_coliseum_resign_raves.php|title=Raves: Rick Caruso Calls for Resignation of Coliseum G.M. Patrick Lynch|first=Dennis |last=Romero|date=February 9, 2011|work=LA Weekly |df= mdy-all }}{{cite news|url=http://www.businesswire.com/news/home/20110209007108/en/Caruso-Calls-Resignation-Coliseum-Executive-Director|title=Caruso Calls for Resignation of Coliseum Executive Director|date=February 9, 2011|work=Business Wire |df= mdy-all }} and the replacement of the commission itself with a new governing body.{{cite news|url= https://www.latimes.com/local/la-xpm-2011-sep-29-la-me-coliseum-caruso-20110929-story.html|title=Developer Rick Caruso resigns from Coliseum Commission|author=Paul Pringle and Andrew Blankstein|date=September 29, 2011|work=Los Angeles Times |df= mdy-all }} He advocated a ban on rave parties at the two venues.{{cite news|url=http://blogs.laweekly.com/informer/2011/02/rave_ban_caruso_coliseum.php|title=Raves: Coliseum Commissioner Rick Caruso Says Rave Ban Back on the Table, Electric Daisy Carnival Still up in the Air|first=Dennis|last=Romero|date=February 10, 2011|work=LA Weekly|df=mdy-all|access-date=June 8, 2013|archive-date=September 13, 2013|archive-url=https://web.archive.org/web/20130913063652/http://blogs.laweekly.com/informer/2011/02/rave_ban_caruso_coliseum.php|url-status=dead}}{{cite news|url= http://blogs.laweekly.com/informer/2011/01/la_coliseum_commissioner_rick.php|title=L.A. Coliseum Commissioner Rick Caruso Likely To Ask For Ban On Raves|first=Dennis |last=Romero|date=January 5, 2011|work=LA Weekly |df= mdy-all }}

{{See also|2022 Los Angeles mayoral election}}

Caruso floated the idea of running for mayor of Los Angeles for the 2009 and 2013 elections,{{Cite news |title=Billionaire Rick Caruso announces run for L.A. mayor |url=https://www.upi.com/Top_News/US/2022/02/12/Rick-Caruso-campaign-LA-mayor/4641644704981/ |access-date=2022-06-08 |work=UPI |language=en}} though he ultimately did not run.{{Cite news |date=September 22, 2010 |title=Developer Rick Caruso says he might run for L.A. mayor |url=https://latimesblogs.latimes.com/lanow/2010/09/developer-rick-caruso-said-he-would-consider-running-for-la-mayor-once-villaraigosa-leaves-office-.html |newspaper=Los Angeles Times}}{{Cite news |last1=Linthicum |first1=Kate |last2=Zahniser |first2=David |date=2012-10-12 |title=Developer Caruso again decides to bow out of L.A. mayoral race |url=https://www.latimes.com/local/la-xpm-2012-oct-12-la-me-1012-caruso-20121012-story.html |access-date=2022-02-12 |newspaper=Los Angeles Times |language=en-US}}

In 2019, he expressed interest in running in the 2022 election. He announced his candidacy on February 11, 2022, the day before the filing deadline.{{cite news|url = https://www.politico.com/news/2022/02/11/caruso-enters-los-angeles-mayors-race-00008420|title = Billionaire developer Caruso enters Los Angeles mayor's race|work = Politico|date = February 11, 2022|accessdate = February 12, 2022|last = Nieves|first = Alexander}} During the campaign, Caruso said he supported more housing in L.A., but opposed changing zoning regulations to allow denser housing in neighborhoods that mandate single-family housing. At the time, three-quarters of residentially zoned land in Los Angeles permitted only single-family housing.{{Cite news |date=2022-11-01 |title=To fix overcrowding in L.A., build more housing, mayoral candidates say |url=https://www.latimes.com/homeless-housing/story/2022-11-01/overcrowding-housing-la-bass-caruso |newspaper=Los Angeles Times |language=en-US}}

Caruso spent more than $41 million on his primary campaign, including $39 million of his own money on digital, radio, and television advertising.{{Cite news |last=Rainey|first=James|title=With unprecedented spending, Caruso is everywhere. Can the billionaire become overexposed? |url=https://www.latimes.com/california/story/2022-06-06/rick-caruso-record-spending-la-mayor |access-date=2022-06-08 |newspaper=Los Angeles Times |date=June 6, 2022 |language=en-US}} Caruso finished second in the June election to Karen Bass, and faced her in a runoff election on November 8, which Bass won.{{Cite news |title=L.A. mayoral primary turnout rises as Bass widens lead over Caruso|url=https://www.latimes.com/california/story/2022-06-21/los-angeles-mayoral-primary-turnout-rises-bass-leads-caruso|access-date=2022-07-16 |newspaper=Los Angeles Times |language=en-US}}{{cite news|url = https://apnews.com/article/los-angeles-mayor-karen-bass-02f20ef45e3cbbfc94e2eb073e1e860d|title = LA elects US Rep Karen Bass mayor, first Black woman in post|work = Associated Press|last = Blood|first = Michael R.|date = November 16, 2022|accessdate = November 16, 2022}}

Caruso founded the Caruso Family Foundation, which focuses on organizations that improve the lives of children in need of healthcare and education.{{cite news|url=https://www.reuters.com/article/idUS266098+10-May-2012+BW20120510|title=Rick Caruso to Receive the 2012 Ernst & Young LLP Master Entrepreneur Of The Year® Award for Greater Los Angeles|date= May 11, 2012|work=Reuters|df=mdy-all}}{{dead link|date=July 2021|bot=medic}}{{cbignore|bot=medic}}

In addition to USC and Pepperdine, Caruso has made significant donations to Los Angeles academic institutions including Loyola High School and Brentwood School, which 3 of his children attended.{{cite web |title=Caruso Family Foundation |url=https://projects.propublica.org/nonprofits/organizations/954317077/202023219349105797/full |website=ProPublica.org |date=May 9, 2013 |publisher=ProPublica}}{{cite web |title=Pepperdine School of Law Announces Historic $50 Million Commitment by Alumnus Rick J. Caruso |url=https://www.pepperdine.edu/newsroom/2019/10/pepperdine-school-law-announces-historic-50-million-commitment-alumnus-rick-j/ |website=Pepperdine.edu |publisher=Pepperdine University}}{{cite web |last1=LaFuente |first1=Cat |title=The Untold Truth Of Gigi Caruso |url=https://www.thelist.com/148492/the-untold-truth-of-gigi-caruso/ |website=TheList.com |date=March 22, 2019 }}

Caruso and his wife, Tina, established the Caruso Loan Forgiveness Fund which covers the law school loan payments for ten years for low-income and other underserved students.{{Cite news|url=https://www.latimes.com/california/story/2019-10-23/billionaire-rick-caruso-gives-50-million-to-pepperdine-law-school-to-expand-access-for-underserved-students|title=Billionaire Rick Caruso gives $50 million to Pepperdine law school to expand access for underserved students|last=Watanabe|first=Teresa|date=2019-10-23|newspaper=Los Angeles Times|language=en-US|access-date=2019-10-23|df=mdy-all}}

In October 2019, he donated $50 million to Pepperdine School of Law, which was renamed in his honor. The gift is directed to historically underrepresented students as well as to students pursuing public interest law.{{Cite web|url=https://www.pepperdine.edu/newsroom/2019/10/pepperdine-school-law-announces-historic-50-million-commitment-alumnus-rick-j/|title=Pepperdine School of Law Announces Historic $50 Million Commitment by Alumnus Rick J. Caruso {{!}} Pepperdine University|website=www.pepperdine.edu|access-date=2020-02-23}}

Caruso's daughter, Gianna "Gigi" Caruso, was born with hearing loss and was treated at USC's Keck School of Medicine. In 2015, Caruso and his wife Tina donated a further $25 million to USC, to endow and name the USC Tina and Rick Caruso Department of Otolaryngology – Head and Neck Surgery.{{cite news|url=https://news.usc.edu/82320/25-million-gift-from-tina-and-rick-caruso-to-endow-head-and-neck-department/|title=$25 million gift from Tina and Rick Caruso to endow head and neck department |work=USC News |date=June 5, 2015 |publisher=University of Southern California |access-date=22 March 2018}}{{cite news|url=https://www.hollywoodreporter.com/news/lori-laughlins-daughter-vacationed-rick-carusos-yacht-1194688|title=Lori Loughlin's Daughter Vacationed on Billionaire USC Official's Yacht|last=Schmidt|first=Ingrid|date=13 March 2019|work=The Hollywood Reporter|access-date=14 March 2019|quote=Born with hearing loss, Gigi Caruso was treated by doctors at USC’s Keck School of Medicine. In 2015, Rick and Tina Caruso donated $25 million to the school to endow and name it the USC Tina and Rick Caruso Department of Otolaryngology — Head and Neck Surgery, known for research and treatment of ear, nose and throat diseases.|df=mdy-all}}

The Caruso Catholic Center and Our Savior Parish Church on the USC campus was endowed by and named after Caruso following his contribution of $9 million.{{cite news|url= http://la.curbed.com/archives/2008/12/ground_blessing_takes_place_for_new_usc_caruso_catholic_center.php |title=Ground Blessing Takes Place for New USC Caruso Catholic Center |first=Dakota |last=Smith |date=December 16, 2008|work=Curbed LA |df=mdy-all}}{{cite news|url=https://www.latimes.com/local/la-xpm-2012-dec-09-la-me-usc-church-20121209-story.html|title=Lavish new church, meeting center to serve USC Catholics|first=Larry |last=Gordon|date=December 9, 2012|work= Los Angeles Times|df=mdy-all}}

In 2018, Caruso was elected chairman of USC's board of trustees; he resigned from the position in 2022.{{Cite web|date=2022-02-15|title=2/15- A Message from USC Board of Trustees Chair Rick J. Caruso|url=https://we-are.usc.edu/2022/02/15/2-15-a-message-from-usc-board-of-trustees-chair-rick-j-caruso/|access-date=2022-02-18|website=2022|language=en-US}}

As the chairman of USC's board of trustees, Caruso was criticized for his handling of the George Tyndall USC sexual abuse scandal, in which a USC gynecologist spent 30 years molesting hundreds of patients, despite complaints dating back to 1991.{{Cite news |last1=Ryan |first1=Harriet |last2=Hamilton |first2=Matt |date=April 1, 2019 |title=How much of USC's sweeping sexual abuse investigation will stay secret? |work=Los Angeles Times |url=https://www.latimes.com/local/lanow/la-me-usc-sexual-abuse-investigation-secret-20190401-story.html |access-date=February 17, 2022}}{{Cite news |last1=Chi |first1=Lucy |last2=Nafziger |first2=Audrey |last3=Rowland |first3=Allison |date=October 18, 2021 |title=USC and prosecutors owe the public a full account of sex abuse inquiries |work=Los Angeles Times |url=https://www.latimes.com/opinion/story/2021-10-18/usc-and-prosecutors-owe-the-public-a-full-account-of-sex-abuse-inquiries |access-date=February 17, 2022}}{{Cite web |date=2019-08-19 |title=USC Promised Transparency, So Why Is It Acting 'Like The Kremlin'? |url=https://laist.com/news/usc-transparency |access-date=2022-02-18 |website=LAist |language=en}}{{Cite news |last1=Hamilton |first1=Matt |last2=Ryan |first2=Harriet |date=December 19, 2018 |title=Must Reads: How George Tyndall went from USC gynecologist to the center of LAPD's largest-ever sex abuse investigation |work=Los Angeles Times |url=https://www.latimes.com/local/lanow/la-me-george-tyndall-profile-usc-sexual-assault-allegations-20181219-story.html |access-date=February 17, 2022}} In May 2018, Caruso promised an independent investigation and an accompanying public report, but no report on the investigation has been made public.{{Cite web |date=2021-10-06 |title=Former USC campus gynecologist's accusers call for investigation of top university officials |url=https://www.latimes.com/california/story/2021-10-06/usc-tyndall-gynecologist-sex-abuse-investigation |access-date=2022-02-18 |website=Los Angeles Times |language=en-US}}{{Cite web |last1=Hamilton |first1=Matt |last2=Harriet |first2=Ryan |date=March 25, 2021 |title=USC to pay $1.1 billion to settle decades of sex abuse claims against gynecologist |url=https://www.latimes.com/california/story/2021-03-25/usc-payout-gynecologist-sex-abuse-claims-to-top-1-billion |access-date=February 17, 2022 |website=Los Angeles Times}}

In the wake of the January 2025 Southern California wildfires, Caruso became a prominent critic of his former mayoral opponent Karen Bass's response to the Palisades Fire and advocated for greater firefighting resources.{{Cite web|last=Saul |first=Derek |title='There's No Water Coming Out Of The Fire Hydrants': Billionaire Caruso Becomes Top L.A. Fires Critic |work=Forbes |date=January 8, 2025 |url=https://www.forbes.com/sites/dereksaul/2025/01/08/theres-no-water-coming-out-of-the-fire-hydrants-billionaire-caruso-becomes-top-la-fires-critic/ |access-date=January 10, 2025}}{{Cite web|last1=Arango |first1=Tim |last2=Baker |first2=Mike |last3=Bogel-Burroughs |first3=Nicholas |title='Completely Dry': How Los Angeles Firefighters Ran Out of Water |work=The New York Times |date=January 9, 2025 |url=https://www.nytimes.com/2025/01/09/us/los-angeles-fire-water-hydrant-failure.html |access-date=January 10, 2025}} On January 12, 2025, Caruso and his wife pledged $5 million to the Los Angeles Fire Department Foundation.{{Cite tweet|author=Elex Michaelson |user=Elex_Michaelson |number=1878605286925369373 |date=January 12, 2025 |title=.@RickCarusoLA announces $5 million donation to the L.A. Fire Dept. Foundation. |language=en-US |access-date=January 12, 2025}}

In 1995, Caruso was named Alumnus of the Year by Pepperdine School of Law.{{cite news|url=http://www.usc.edu/uscnews/stories/13534.html|title=Inside the world's biggest airline merger|first=Annette|last=Moore|work=USC News|publisher=University of Southern California|date=March 8, 2007|df=mdy-all|access-date=August 11, 2011|archive-date=August 26, 2011|archive-url=https://web.archive.org/web/20110826190533/http://www.usc.edu/uscnews/stories/13534.html|url-status=dead}} He was named by the Los Angeles Business Journal as "Developer of the Year" and its 2012 Ernst & Young LLP Master Entrepreneur of the Year.{{cite news|url= http://labusinessjournal.com/news/2012/may/11/caruso-named-ernst-young-llp-master-entrepreneur-y/|title=Caruso Named Ernst & Young LLP Master Entrepreneur of the Year|first=Deborah |last=Crowe|date=May 11, 2012|work=Los Angeles Business Journal |df=mdy-all}}

Caruso has lectured on real estate issues at the Kennedy School of Public Administration at Harvard University,{{cite news|title=Caruso! Not the singing one. The talking one. Rick Caruso talks more LA. |url=http://opinion.latimes.com/opinionla/2010/01/caruso-not-the-singing-one-the-talking-one-rick-caruso-talks-more-la.html|newspaper=Los Angeles Times |access-date=May 12, 2013}} the USC Price School of Public Policy{{cite press release|title=USC 125th Commencement: Speakers at Satellite Ceremonies|url=http://www.usc.edu/uscnews/newsroom/news_release.php?id=408|publisher=University of Southern California|access-date=May 12, 2013}} and the Milken Institute Global Conference.{{cite web|title=Global Conference 2013 – Rick Caruso|url=https://www.milkeninstitute.org/events/gcprogram.taf?function=bio&EventID=gc13&SPID=10827|publisher=Milken Institute|access-date=May 12, 2013}} He has also been a guest panelist for the International Council of Shopping Centers.{{cite web|url=http://www.newstjohns.org/saint_johns_foundation_leadership.aspx|title=Saint John's Health Center|publisher=Newstjohns.org|access-date=May 12, 2013}}

Caruso and his wife, Tina, have four children: Alex, Gregory, Justin, and Gianna. They live in the Brentwood neighborhood of Los Angeles.{{cite web|title=Forbes profile: Rick Caruso |url=https://www.forbes.com/profile/rick-caruso |website=Forbes |access-date=May 17, 2020}} Caruso is a devout Catholic.{{Cite web |title=Rick Caruso's USC Mission Has Family Roots |url=https://caruso.com/newsroom/in-the-news/2019/rick-carusos-usc-mission-family-roots/ |access-date=2022-05-14 |website=Caruso |date=April 2019 |language=en}}

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