Dr Phil Net Worth

Introduction: 

Dr Phil Net Worth, How did the American TV personality, author and former psychologist amass his wealth? Check this article to find out more about Dr Phil Net Worth and his career.

Dr Phil Early Life

He is an American TV personality, author and former psychologist. Dr Phil is the son of Joseph McGraw, Jr, and his wife Anne Geraldine ‘Jerry’.  He has two older sisters, Deana and Donna, and a younger sister Brenda. 

He grew up in the oil fields of North Texas where his father was an equipment supplier. His family moved when Dr. Phil was a child so his father could pursue his lifelong goal of becoming a psychologist. McGraw attended Shawnee Mission North High School in Overland Park, Kansas.

In 1968, he was awarded a football scholarship to the University of Tulsa, where he played middle linebacker for coach Glenn Dobbs. He was on the team when it lost to the University of Houston by the score of 100-6, one of the most lopsided scores in NCAA history. 

The coach retired after that season and McGraw transferred to Midwestern State University in Wichita Falls, Texas, where he earned his Bachelor of Arts degree in psychology in 1975. He got his Master’s degree in experimental psychology in 1976 and a Ph.D. in clinical psychology in 1979 from the University of North Texas. 

Dr Phil’s dissertation was titled “Rheumatoid Arthritis: A Psychological Intervention”. He guided through his doctoral program by Frank Lawlis, who later became the primary contributing psychologist for the Dr. Phil television show. After graduation, McGraw worked in private practice for several years.

McGraw married his first wife, Debbie Higgins McCall in 1970 when he was just 20-years-old. That marriage ended three years later in an annulment. McGraw started dating Robin Jo Jameson while going through the process of ending his first marriage. 

They married in 1976 and had two children, Jay and Jordan. McGraw is also a private pilot, with an instrument rating, flying single-engine airplanes. In 2003, McGraw founded the Dr. Phil Foundation with a mission to fight childhood obesity.

Dr Phil first gained celebrity status when he started appearing on “The Oprah Winfrey Show” in the late 1990s. He currently resides in Beverly Hills, California with his wife Robin.

Dr Phil Career

Phillip Calvin McGraw was born in Vinita, Oklahoma on 1st of September 1950. He founded CSI Courtroom Sciences, Inc in 1990 an organization that advised corporations and individual plaintiffs on how to achieve settlements. Dr Phil ceased the practice of psychology after starting CSI and kept his license current and in good standing until he elected to retire it 15 years later in 2006.

In 1995, Oprah hired Phil’s company to advise her in a libel lawsuit she was facing after she made disparaging comments about beef on her show in relation to mad cow disease. Oprah invited Dr. Phil to appear on her show in 1998. 

His appearance was so successful that he began appearing weekly on ‘The Oprah Winfrey Show’ as a relationship and life strategy expert on Tuesdays. Those early appearances brought him national recognition and fame and, over time, led to his own show which debuted in 2002. ‘The Dr. Phil Show’ is still on the air today and is syndicated around the country. It is produced by Oprah’s Harpo Studios.

Dr Phil got into the weight-loss business selling shakes, supplements, and energy bars in 2003. These products were featured on his show with his sisters Deana and Brenda and nephew Tony offering testimonials on how well the products worked. The products were marketed with the name Shape It Up, Woo Woo. 

The Federal Trade Commission was soon on Dr. Phil’s case, looking into the claims that the products ‘can help you change your behavior to take control of your weight’. Facing scrutiny from the FTC, McGraw pulled his supplements off the market in March 2004 and the FTC dropped the investigation. 

In 2005, he was sued in a class-action lawsuit from people who used his products and didn’t lose weight. McGraw settled the lawsuit in 2006 for $10.5 million, though $6 million of that was paid to the plaintiffs in the form of Amway brand vitamins.

However, he launched the ‘Dr. Phil’ spinoff  ‘The Doctors’ produced by Dr. Phil and his son Jay McGraw. It is the first show to be a third-generation show spinoff, since ‘Dr. Phil’ is spun off from ‘The Oprah Winfrey Show’. 

The show is hosted by ER doctor and former ‘Bachelor’ participant Travis Stork. ‘The Doctors’ focuses on health and medical issues with a team of medical professionals talking about health-related topics and answering questions from viewers who are too embarrassed to ask their own doctors. It debuted on September 8, 2008.

McGraw is also the author of a number of best-selling relationship and diet books including ‘Life Strategies,’ ‘Relationship Rescue’ and ‘The 20/20 Diet’. The television show ‘Bull’, starring Michael Weatherly, is based on Dr. Phil’s experience during his days as a trial consultant for Courtroom Science, Inc. He is credited as one of the creators of the series which premiered in 2016.

Dr Phil Net Worth

As of today, Dr Phil Net Worth is $440 Million while his salary is $80 Million. Dr Phil Net Worth is acquired from his career as a TV personality, author and former psychologist.

He is one of the highest-paid personalities on television. At his peak, he was earning $88 million per year. In 2006, he made $45 million. In 2008, his income slipped to $30 million.  

He made $80 million in 2011. He also made $64 million in 2012 and he made $72 million in 2014. In 2014 he made $77 million In 2015, $70 million. Dr Phil made $88 million in 2016. and in 2017 he made $79 million and in 2018 he brought in $77.5 million. 

As of 2019, his annual income from the show alone is around $80 million. Though, between June 2018 and June 2019, he earned $95 million.

Dr. Phil and his wife Robin bought a home in Beverly Hills for $7 million in 2008 and in 2010 they listed this home for $16.5 million. In April 2011 they sold it for $12 million.

In 2010, the McGraws bought a huge hillside home in Beverly Hills for $29.5 million. The house is a Mediterranean-style villa on three acres that has a 14,000-square-foot main house with five bedrooms and 11 bathrooms. There’s also a guesthouse and a pool.

McGraw and his wife listed another Beverly Hills house for $6.35 million in 2011. This house did not find a buyer. They’re-listed it in January 2020 for $5.75 million. It features a gun lined dining room and other eclectic finishes that can be included in the sale, if the buyer wants.

Summary: 

Phillip Calvin McGraw also known as Dr Phil is an American TV personality, author and former psychologist. He founded CSI Courtroom Sciences, Inc in 1990 an organization that advised corporations and individual plaintiffs on how to achieve settlements.

His appearance was so successful that he began appearing weekly on ‘The Oprah Winfrey Show’ as a relationship and life strategy expert on Tuesdays.

As of 2020, Dr Phil’s net worth is $440 Million.