Rick Caruso has spent more than $62 million since entering L.A. mayor’s race

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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 just over $6 million since entering the race more than a year ago, meaning the real estate developer has outspent her by a factor of 10.

With a little more than five weeks before the Nov. 8 election, campaign finance disclosures released late Thursday paint a revealing picture of how both campaigns have regrouped since the primary.

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