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Los Angeles Times
Los Angeles Times
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Gustavo Arellano

Gustavo Arellano: What $104 million could buy, instead of a failed mayoral run

$104,848,887.43 — Rick Caruso spent at least that much on his unsuccessful campaign to become mayor of Los Angeles, according to the latest campaign finance records.

That's 11 times more than the $9 million spent by the victor, Karen Bass. It's the largest amount a mayoral candidate has spent in U.S. history, just ahead of the $102 million Michael Bloomberg threw at his 2009 reelection in New York.

Caruso hoped to replicate the success of Richard Riordan, another L.A. rich-man-turned-mayor.

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