dr phil net worth

Dr. Phil Net Worth

Philip McGraw better known as Dr. Phil, is a well-known television show host, psychologist, and author. Over the years he has had a huge impact on the way people think about psychology and human behavior. Dr. Phil net worth is estimated at $460 million. Let’s take a look at how the good doctor has made his money.

What is Dr. Phil’s Salary?

Dr. Phil has been conducting television shows since 2000 where he is responsible for writing all content including advertising revenue sharing as well as executive producing.

His show Dr. Phil show is responsible for his high net worth. The show has been running for 21 seasons and according to reports, Dr. Phil was the highest-paid TV host in 2022.

The award-winning Dr. Phil has made more than $95 million throughout his yearlong scoring period, and Forbes reported that the TV personality gets 50% of advertising profit per episode! Alongside an impressive seven-figure signing bonus (for which he receives over 3 months’ salary), this anchorman earns a jaw-dropping 60+million dollars annually!

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He also owns 100% ownership in show distribution rights through his production company called, Television House. Through the company, he serves as an executive producer for a number of TV shows.

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He co-founded Doctors on Demand but also has an app that helps you find doctors in your area at the touch of a button.

Furthermore, he has authored about 15 books that have all been New York Times bestsellers. These include Relationship Rescue, Life Code, and Self Matters.

Having established himself as an American television personality, Phil McGraw’s net worth is set to keep on rising over the coming years.

Early Life

Phillip Calvin McGraw was born on September 1, 1950, in Vinita, Oklahoma.

Growing up in the oil fields of North Texas, Philip McGraw had a rough childhood. He attended many schools such as Shawnee Mission North High and Mission North High School before enrolling at the University Of Tulsa on a football scholarship where he played against other college teams and became friends with future Professional Football Hall-of-Famer Eric Dickerson who was also raised by an equipment supplier father like himself while attending university there too.

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He was a middle linebacker for the school’s team until they lost in a shocking (100-6).

After that loss to Houston University, he transferred schools and attended Midwestern State University where earned his Bachelor’s degree of Arts in Psychology majoring under Dr. James Albus’ guidance.

He then went on to earn both Masters’s Degree: in experimental psychology in 1980; a Ph.D. in Clinical psychology from the University of Northern Texas suiting himself as well!

Personal Life: Marriages and Children

Dr. Phil married his first wife, Debbie Higgins McCall in 1970 when he was just 20 years old and the marriage ended three years later with an annulment.

He then married Robin Jo Jameson on August 14, 1976. The couple has two sons together, Jay McGraw (born in 1979) and Jordan McGraw (born in 1986). Jay is also a television producer and author while Jordan is a musician.

The couple has been married for over 40 years now.

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Career: TV Shows, Books, And Business Ventures

In 1990, he set up a consulting firm CSI Courtroom Sciences with the goal of providing advice to corporations and individual plaintiffs, as a trial consultant, on how they could achieve settlements.

When Oprah Winfrey was sued for comments about beef on her show concerning mad cow disease, she hired Phil’s company. This decision turned out well as his appearance not only gave him celebrity status but helped convince viewers that the lawsuit had no merit and thus led them not only to support but also trust him even more than before.

The Dr. Phil Show

Dr. Phil’s early appearances on Oprah Winfrey Show soon led to him having his own nationally syndicated talk show, which is still on the air today!

Dr. Phil may have a doctorate in psychology, but he’s not licensed because of his own decision to let it expire since he doesn’t use it anymore.

In the show, he gives life strategies-based advice to the show’s guests. He has clearly pointed out he does not act as a psychologist in the show.

Currently, the show is produced and recorded in Hollywood.

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Weight Loss Business Venture

In 2003, Dr. Phil started a weight-loss business by selling supplements, shakes, and energy bars.

These products were featured on his show with sisters Deana & Brenda offering testimonials about how well they worked to help people lose pounds quickly without any exercise!

dr phil net worth

But then there was scrutiny from Federal Trade Commission which investigated Shape It Up’s claims that these “can improve your behavior” or make you eat healthier – which isn’t true according to research done. In March 2004 he pulled them off store shelves after being confronted with these findings.

The Doctors

In 2008, he started co-hosting The Doctors, a syndicated daily talk show with plastic surgeon Andrew Ordon, pediatrician Jim Sears, and obstetrician-gynecologist Lisa Masterson.

The show has been both praised and critiqued for its medical accuracy with some even calling into question the educational qualifications of its hosts.

Unfortunately, the show was canceled after 14 seasons in 2022.

The Bull

The hit show “Bull,” which features Michael Weatherly, is influenced by Dr. Phil’s background in courtroom sciences! The series ran from 2016- 2022.

How Does Dr. Phil Spend His Money?

It’s no secret that Dr. Phil is a wealthy man. After all, he’s been one of the most popular daytime TV personalities for over two decades. So, how does he spend his money?

For starters, Dr. Phil owns a number of luxurious mansions. The most notable is his Tim Burton-themed mansion, which is said to be worth around $5 million. He also has a contemporary villa-style mansion in Beverly Hills that’s worth an estimated $7.5 million, and a sprawling Alamo Mission-style mansion in Texas that’s valued at an impressive $29.5 million.

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In addition to real estate, Dr. Phil also enjoys collecting classic cars and art. He’s said to have an extensive collection of both, with some estimates putting the value of his car collection at over $5 million. His art collection includes works by some of the world’s most celebrated artists, such as Pablo Picasso, Jackson Pollock, and Andy Warhol.

So, there you have it: a glimpse into how one of the world’s wealthiest people spends his money.

Dr. Phil Foundation

The Dr. Phil Foundation is a non-profit organization that was founded in 2003. The foundation’s mission is to “provide resources that inspire positive change and empower people to lead more fulfilling lives.”

What’s Dr. Phil’s Net worth As of 2022?

As of 2022, Dr. Phil’s net worth of $460 million. This makes him one of the wealthiest people in the entertainment industry!

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