Billionaire developer Rick Caruso — a candidate for Los Angeles mayor — disclosed an extensive list of investments and financial holdings Tuesday that ranged from tens of millions of dollars in stock to his sprawling real estate empire
FILE - Rick Caruso, chairman of the University of Southern California Board of Trustees announces Carol Folt as the USC's 12th president in Los Angeles Wednesday, March 20, 2019. The billionaire developer announced Friday, Feb. 11, 2022 that he is going to enter the race for L.A. mayor.
For example, Caruso reported holding stock in several dozen companies, including over $1 million each in Amazon, Apple, internet gear maker Cisco Systems, Costco Wholesale Corp., drug giant Johnson & Johnson, Microsoft Corp., investment bank Morgan Stanley and the Walt Disney Co. In an interview Monday with The Associated Press, Caruso said he wouldn’t be distracted by name-calling and would focus on curbing crime, dealing with the homeless crisis and other problems.