Led by Magic Johnson, Casey Wasserman and Dodgers Chairman Mark Walter, the mandate is to create "a unified recovery initiative," raise money & recruit others.

Gavin Newsom announced Tuesday a new private sector initiative to help rebuild Los Angeles following the Los Angeles wildfires. Titled LA Rises, the recovery effort will bring together high-profile leaders around the city including Dodgers Chairman Mark Walter,

Gov. Gavin Newsom said LA Rises, a new private-sector philanthropic initiative, will work with the city, county and the state to support the rebuilding of Los Angeles. Mark Walter and the Dodgers will provide up to $100 million.

The governor of California has tapped three of Los Angeles's most influential people to lead the fire recovery initiative.