LOS ANGELES — Joe Russell, a Hollywood producer who has worked on spots for billionaires seeking political office, was on a date with his wife at the Grove on a recent afternoon when he took a break to talk about the suddenly relevant phenomenon of L.A. billionaires seeking public office.
The Grove was developed by Rick Caruso, a real estate mogul who seeks to trounce a field of experienced elected officials to become Los Angeles’ next mayor. He has spent millions of his own money to get his name out, and his run comes as many feel that homelessness and rising crime are overwhelming the city, at least partly because of poverty and gross inequality.
Russell, whose political credentials include campaigns for Tom Steyer, a billionaire who ran for California governor in 2018, and Michael Bloomberg, a billionaire who served as New York’s mayor and ran for president in 2020, said he could well understand why Caruso would run.
