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Rick Caruso confirmed Thursday that he will not run in the Los Angeles mayoral election after teasing a potential return to the race a day earlier.

“Rick is incredibly moved by outpouring of support but reached an earlier decision in a thoughtful process and it stands,” Caruso political adviser Mike Murphy told the Los Angeles Times, referring to the billionaire real estate developer’s decision last month to drop out of both the mayoral and gubernatorial races.

“He will not be a candidate for mayor.”

Caruso appeared to weigh a return to the mayor’s race Wednesday after a report emerged that LA Mayor Karen Bass altered a Palisades wildfire report.

“I don’t have a lot of time to decide, obviously, because we’ve got a looming deadline this Saturday,” the 67-year-old Republican-turned-Democrat told KNX. “I’m going to be meeting and talking with the family, and we’ll see what we decide to do.”

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