Could this tough-on-crime billionaire be LA’s next mayor?

Rick Caruso's campaign is tapping into fears of rising crime and Angelenos' frustration with the homelessness emergency

A billionaire real estate developer has spent more than $23m on his campaign to become Los Angeles's next tough-on-crime mayor, and experts say his record-breaking investment is buying him a real chance at victory.

Rick Caruso, a real estate magnate who is ranked No 261 on Forbes' list of richest Americans, entered the crowded race to run America's second largest city in February with single-digit support and little name recognition.