Rick Caruso: Why Money Should NEVER Be Your Motivation (Worth $6 Billion) | E178

Is Rick Caruso running for Mayor of Los Angeles again? In this explosive Part 2 interview on In Search of Excellence, host Randall Kaplan sits down with billionaire real estate developer Rick Caruso to discuss the future of Los Angeles, his political aspirations, and the secrets behind his massive success.

Rick Caruso is the force behind The Grove, Palisades Village, and the Rosewood Miramar Beach. With a net worth of nearly $6 billion, he opens up about why money was never his motivation. Rick details the terrifying Palisades fire, revealing the "extreme preparation" and private firefighting team that saved his property when others burned.

We also dive deep into politics. Rick gives a candid critique of Mayor Karen Bass and former Mayor Eric Garcetti, explains why he believes the city was unprepared for the recent disasters, and discusses the disastrous impact of the "Mansion Tax" (ULA) on California real estate. Plus, he shares invaluable advice on integrity, "protecting your obituary," and the one rule he follows in business: "Don't do business with bad people".

 Timestamps & Key Takeaways

00:00 - The Golden Rule of Business: Don't do business with bad people.
02:03 - When will Erewhon & Palisades Village reopen? (Fire recovery update) .
04:37 - The terrifying moment the fire started & evacuating the schools.
06:17 - How Rick saved his property using private firefighters & retardant.
09:34 - Who is to blame? Rick’s critique of the City & Mayor Bass’s preparedness.
12:54 - Why Rick ran for Mayor & his thoughts on losing to Karen Bass.
15:07 - Was Eric Garcetti a "weak mayor"?.
16:27 - The Big Question: Will Rick run for Mayor or Governor again?.
17:21 - The first 3 things Rick would do as Mayor (Crime, Homelessness, Housing Costs).
18:45 - The truth about the "Mansion Tax" (ULA) and why it’s hurting LA.
21:01 - Why money should never be your motivation for success.
22:49 - The power of extreme preparation & integrity.
27:44 - Best Advice: "Protect Your Obituary".
34:03 - The love of his life & final thoughts.


Want to Work One-on-One with Me?
I coach a small group of high achievers on how to elevate their careers, grow their businesses, and reach their full potential both professionally and personally.

If you're ready to change your life and achieve your goals, apply here: https://www.randallkaplan.com/coaching
 
Listen to my Extreme Preparation TEDx Talk here: https://www.youtube.com/watch?v=MIvlFpoLfgs
 
Listen to this episode on the go!
Apple Podcasts: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/23q0XIC...
 
For more information about this episode, visit https://www.randallkaplan.com/
 
Follow Randall!
Instagram: @randallkaplan 
LinkedIn:  @randallkaplan 
TikTok:  @randall_kaplan 
Twitter / X: https://x.com/RandallKaplan
Website: https://www.randallkaplan.com/
1-on-1 Coaching: https://www.randallkaplan.com/coaching

Coaching and Staying Connected:

1-on-1 Coaching | Instagram | YouTube | TikTok | LinkedIn