Bloomberg Businessweek Billionaire Caruso Looks to Spur California's Comeback From Wildfires
Oct 13, 2025
Rick Caruso, billionaire real estate developer and former LA mayoral candidate, shares his insights on California's recovery from devastating wildfires. He criticizes local leaders for their handling of the crisis, asserting the fires were preventable due to systemic failures. Caruso also discusses his potential return to politics, contemplating a run for mayor or governor. Furthermore, he addresses the decline of California's film industry, advocating for competitiveness to retain jobs and economic vitality in the state.
AI Snips
Chapters
Transcript
Episode notes
Government Failures Made Fire Preventable
- Rick Caruso argues the January wildfire was preventable and exposed systematic failures in government response.
- He urges reviewing the after-action report to find solutions so the tragedy never repeats.
Demand Clear Plans Over Performative Politics
- Prioritize clear leadership and concrete emergency plans rather than performative politics.
- Use the after-action findings to ask hard questions and implement specific fixes for future disasters.
Personal Losses Fuel Relief Work
- Caruso recounts personal losses: his daughter and son lost their homes in the fires, driving his involvement with recovery efforts.
- He emphasizes Steadfast's work to house and rebuild communities quickly and safely.