LOS ANGELES — Rick Caruso has spent more than $62 million since launching his Los Angeles mayoral bid in February, nearly all of it his own money.
It's a figure that — save for fellow billionaire Michael Bloomberg's three successful New York mayoral campaigns — is all but unrivaled in the annals of American local politics.
His opponent, Rep. Karen Bass, has spent slightly more than $6 million since entering the race more than a year ago, meaning the real estate developer has outspent her by a factor of 10.
