Billionaire Profile
Pat Neal
Global Rank
#2793

Image: Public domain | via Wikimedia Commons

Pat Neal

CEO, Neal Communities
US
Real-Time Net Worth
$1.2B
As of December 2025
Age
76
Source
Homebuilding
Industry
real-estate
Citizenship
US

Biography

Pat Neal, a prominent figure in Florida's real estate landscape, is the founder and chairman of Neal Communities. Born in 1949, Neal's career has been marked by significant achievements in both business and public service. His wealth source is homebuilding. He began his journey in the homebuilding industry in 1970 and has since built over 25,000 homes in Southwest Florida. Neal, a graduate of the Wharton School of Finance at the University of Pennsylvania, is also a former Florida State Senator and has a net worth of $1.2 billion. Throughout his career, Neal has demonstrated a commitment to environmental stewardship, community involvement, and philanthropy, contributing millions to local organizations.

Wealth Over Time

In-Depth Profile

Early Life and Education

Patrick K. Neal was born in Des Moines, Iowa, in 1949. He earned a bachelor's degree in economics from the Wharton School of the University of Pennsylvania. Neal also served in the U.S. Army Reserve from 1969 to 1975.

Rise to Success

Neal's career took root in 1970 when he founded Neal Communities with his father, Paul Neal. The company's first project was in Whitney Beach, Florida. Over the years, Neal Communities grew, building over 25,000 homes and lots across Southwest Florida. Neal's strategy, which involves buying land ahead of growth, has proven to be highly effective. Neal served in the Florida House of Representatives from 1974-1978 and the Florida Senate from 1978-1986. During his time in office, he focused on environmental protection and co-authored Florida's first wetlands and hazardous waste laws.

Key Business Strategies

Neal Communities has expanded to become one of the largest homebuilders in the Tampa Bay area and a significant private company in the region. The company has adapted to changing market conditions by introducing SimplyDwell Homes, which offers more affordable housing options. The Neal family emphasizes responsible land development, quality craftsmanship, and a commitment to the communities they build. Neal himself prefers to invest in land, controlling his future and reinvesting in his business.

Philanthropy

Pat Neal is known for his philanthropic endeavors. Over the past decade, Neal and his companies have contributed over $7 million to local community organizations. He was awarded the 2024 Hearthstone BUILDER Humanitarian Award. Neal and his wife, Charlene, have made a $1 million commitment to the Boys & Girls Clubs of Manatee County. In 2024, he donated $350,000 to the Conservation Foundation of the Gulf Coast.

Career Milestones

1970

Founded Neal Communities

Launched Neal Communities, a homebuilding company, with his father, Paul Neal.

1974

Elected to Florida House of Representatives

Served in the Florida House of Representatives.

1978

Elected to Florida Senate

Served in the Florida Senate.

1983

Co-authored Florida's first Wetlands Law

Authored Florida's first comprehensive wetlands law to protect groundwater

2005

Donated 120 acres of land to Manatee County

Donated to ensure the protection of its wetlands and other aspects

2015

Named Builder of the Year

Neal Communities was honored as the 'Builder of the Year' by Professional Builder Magazine.

2024

Hearthstone BUILDER Humanitarian Award

Received the 2024 Hearthstone BUILDER Humanitarian Award for contributions to environmental preservation.

Philanthropy & Social Impact

Youth Development

Boys & Girls Clubs of Manatee County

$1M

Committed $1 million to support the Invest in Kids campaign and rebuild the DeSoto Club campus.

Environmental Conservation

Conservation Foundation of the Gulf Coast

$0.35M

Donated $350,000 to acquire land in Sarasota and Manatee counties and fund the development of its Strategic Conservation Plan.

Business Philosophy & Leadership

Notable Quotes

""I like controlling my own future.""

""The people who live in a Neal Community expect and deserve our support.""

"“Our homes are supposed to look like Florida. People live their whole lives with a dream of retiring here. And when they come, we want them to feel like they've landed in Florida, with the Florida environment and vegetation.”"

Leadership Principles

Commitment to Community

Involves giving back time and resources to community causes, programs, and organizations to contribute to quality lifestyle, educate residents, and support historic and environmental preservation.

Responsible Land Development

Focuses on responsible land development and homebuilding.

Quality Craftsmanship

Ensuring the construction of high-quality homes and communities.