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    Steve Lopez: What $40 million can't buy: A lead in LA mayor's race

    Shopping mall developer Rick Caruso can buy just about anything he wants without first balancing his checkbook. His $100 million yacht didn't come close to breaking the bank, and the billionaire Brentwood resident has owned spreads in Malibu and Newport Beach as well, along with a Montecito hotel where rooms can run around $10,000 a night. For all his money, though, and after spending roughly ...
    by Steve Lopez, Los Angeles Times Jun 16, 2022 4 minutes
    Los Angeles mayoral candidate Rick Caruso stops in and talk with the owner and works at Industrial Metal Supply Co on Monday, June 6, 2022, in Sun Valley, California.

    Shopping mall developer Rick Caruso can buy just about anything he wants without first balancing his checkbook.

    His $100 million yacht didn't come close to breaking the bank, and the billionaire Brentwood resident has owned spreads in Malibu and Newport Beach as well, along with a Montecito hotel where rooms can run around $10,000 a night.

    For all his money, though, and after spending roughly $40 million on his L.A. mayoral campaign in the last six months, he hasn't been able to buy the lead.

    In updated tabulations from the June 7 primary, U.S. Rep. Karen Bass has Caruso, moving into the lead with 41% of the vote to Caruso's

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