Billionaire developer Rick Caruso said he is “seriously looking” at running for either California governor or mayor of Los Angeles next year.

“I’m looking at both paths; there are good opportunities in both paths,” he said in an interview to Bloomberg Television on Wednesday. “I have a team of people working on it and will make a decision soon.”

Caruso, a Democrat, lost a race for Los Angeles mayor to Karen Bass in 2022 and has since emerged as one of her most vocal critics, particularly over her preparation and response to the area’s devastating wildfires this year. He said Wednesday that massive damage could have been “significantly mitigated” if authorities were better prepared.

Caruso owns luxury shopping centers, hotels and apartments in the region. His Palisades Village mall, loca

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