Rick Caruso Bows Out: 2026 Race for L.A. Mayor and California Governor Gets a Shake-Up

The Decision Not to Run

Rick Caruso, a billionaire with a reputation for high-stakes investments and ambitious plans, publicly announced his decision to forgo running for California governor and Los Angeles mayor in 2026. This news came as a surprise to many, considering that his robust financial backing and public recognition positioned him as a formidable contender in both races. In his social media statement, Caruso noted:

“After much reflection and many heartfelt conversations with my family, I have decided not to pursue elected office at this time… I am deeply disappointed to step back from an election that is so critical to California's future.”

This announcement reverberated throughout California's political landscape, especially among those who saw Caruso as a potential heavyweight in an already crowded field.

Impact on the Mayor's Race

Since his loss to Mayor Karen Bass in the 2022 election—where he spent over $100 million of his own money—Caruso has been viewed as a potential challenger. However, his political strategy faced hurdles. Following the disastrous Los Angeles fires last January, Caruso publicly criticized the city's response, garnering media attention and raising questions about Bass's leadership during her absence overseas. Despite that, internal polling indicated that Caruso might struggle to garner support in a city that has increasingly leaned liberal.

In the wake of his withdrawal, Bass now faces challengers like Austin Beutner, a former business executive known for his civic contributions, and a nationally known reality star, Spencer Pratt, who has gained the backing of some Republican factions.

Gubernatorial Aspirations

Caruso's decision to step aside leaves the gubernatorial race open, but with significant competition. Many potential candidates are already in play, and Caruso would not even be the only billionaire aiming for the seat. With Gov. Gavin Newsom expected to step aside due to term limits, the race is becoming a high-stakes showdown between a variety of political ambitions.

Additionally, Caruso's name recognition in Northern California remains low, which would further complicate his chances should he have decided to enter. The group vying for the guberatorial nomination includes familiar names, with progressive candidates likely to challenge the traditional Democratic dominance established under Newsom.

Looking Ahead: California's Political Landscape

As the landscape begins to clarify, the withdrawal of Rick Caruso can be interpreted as a pivotal moment. By not running, he has simultaneously relieved some potential competition while leaving the door wide open for challengers to define the narrative ahead of 2026.

The next election cycle will not only be about policies but also be a reflection of shifting political sentiments in California. With increasing polarization, the stakes are higher than ever, making these upcoming elections pivotal not just for individual candidates, but for the future direction of the state.

Conclusion

The coming months will be critical as potential candidates adjust their strategies in response to Caruso's absence. As the elections draw near, the clarity provided by his announcement may just be the catalyst needed for focused, competitive campaigns that directly address the concerns of California's voters.