Leland Speed began his career in real estate development during the mid-20th century, leveraging his sharp business acumen to capitalize on Mississippi’s growing economic opportunities. After earning a degree in civil engineering from Mississippi State University, he co-founded EastGroup Properties in 1969, a company that would become a national leader in industrial real estate. His hands-on approach and visionary leadership helped the firm expand rapidly, earning him a reputation as a savvy entrepreneur who could spot untapped potential in emerging markets.

Speed’s influence extended beyond real estate as he became a key figure in Mississippi’s economic development. He served as executive director of the Mississippi Development Authority, where his efforts to attract businesses and create jobs solidified his legacy as a driving force behind the state’s growth. His ability to bridge the gap between private enterprise and public policy made him a respected voice in both sectors, further cementing his prominence in Southern business circles.

Leland Speed’s Net Worth in 2025

As of 2025, Leland Speed’s estimated net worth is approximately $50 million. His wealth stems from decades of success in real estate development, investments, and business leadership. While exact figures fluctuate, his diversified portfolio and strategic ventures have solidified his financial standing. Speed’s net worth reflects his ability to capitalize on opportunities in both commercial and residential real estate markets.

Leland Speed’s Career

Leland Speed built his career as a prominent real estate developer and businessman in Mississippi. He co-founded EastGroup Properties, a major industrial real estate investment trust, and later served as executive director of the Mississippi Development Authority. His leadership in economic development and property management has left a lasting impact on the region, earning him recognition as a key figure in Southern business growth.

Leland Speed’s Other Ventures

Beyond real estate, Speed has been involved in various ventures, including banking and public service. He served on the board of Trustmark National Bank and contributed to multiple nonprofit organizations. His entrepreneurial spirit extends to advisory roles and mentorship, where he supports emerging businesses and community initiatives across Mississippi.

Leland Speed’s Assets

Speed’s assets include a mix of commercial properties, land holdings, and investment portfolios. He owns significant stakes in real estate ventures and has holdings in industrial and office spaces. Additionally, his personal assets likely include high-value residential properties and other long-term investments that contribute to his wealth.

Leland Speed’s Annual Income

While exact figures aren’t publicly disclosed, Speed’s annual income is derived from real estate investments, board positions, and advisory roles. His earnings reflect dividends, property revenues, and consulting fees. Given his extensive portfolio, his income remains substantial, aligning with his established financial success.

Frequently Asked Questions about  Leland Speed

Who is Leland Speed?

Leland Speed is a prominent American businessman, real estate developer, and philanthropist known for his contributions to the real estate industry and economic development in Mississippi.

What is Leland Speed’s net worth?

Leland Speed’s net worth is estimated to be in the range of tens of millions of dollars, primarily accumulated through his successful real estate ventures and business investments.

How did Leland Speed make his money?

Leland Speed built his wealth through real estate development, founding and leading companies such as EastGroup Properties and Parkway Properties, which specialize in commercial and industrial properties.

What companies has Leland Speed founded?

Leland Speed co-founded EastGroup Properties and Parkway Properties, both of which became major players in the real estate investment trust (REIT) sector.

What is Leland Speed’s background in business?

Leland Speed has a strong background in finance and real estate, holding degrees from Mississippi State University and Harvard Business School, and has held leadership roles in multiple real estate firms.

Has Leland Speed been involved in politics?

Yes, Leland Speed served as the Executive Director of the Mississippi Development Authority, playing a key role in the state’s economic development strategies.

What philanthropic efforts is Leland Speed known for?

Leland Speed is known for his philanthropic contributions to education and economic development, including donations to Mississippi State University and other local initiatives.

Is Leland Speed still active in business?

While he has stepped back from day-to-day operations, Leland Speed remains involved in advisory roles and continues to influence the real estate and business sectors.

What awards or recognitions has Leland Speed received?

Leland Speed has received numerous accolades, including inductions into the Mississippi Business Hall of Fame and recognition for his contributions to economic development.

Where does Leland Speed live?

Leland Speed resides in Mississippi, where he has been a long-time resident and influential figure in the local business and philanthropic communities.