Dr. Phil Net Worth, Early Life, and Career

Dr. Phil Net Worth

Dr. Phil is a well-known and respected personality in the fields of television and psychiatry. He has become well-known because of his unusual southern drawl and straightforward style. Dr. Phil net worth is always a hot topic. Today, we will find out about his net worth and the source of it.

Who is Dr. Phil?

The talk show presenter Phillip Calvin McGraw, better known by his professional name, Dr. Phil. He is a television host and writer from the United States. Despite the fact that he has not renewed his license to practice psychology since 2006, he holds a degree in clinical psychology.

Dr. Phil Net Worth

In the late 1990s, McGraw gained popularity through making appearances on The Oprah Winfrey Show. In September 2002, McGraw’s own program, Dr. Phil, was introduced with Oprah Winfrey’s assistance. The show is designed to provide guidance.

Short Bio of Dr. Phil

Full Name Phillip Calvin McGraw
Birthdate September 1, 1950 (age 73)
Birthplace Vinita, Oklahoma, U.S.
Nationality American
Height 6’ 3” (1.91 m)
Profession Pilot, Actor, Psychologist, Television producer, Author, Film Producer, Actor
Social Media Facebook, Instagram, Twitter
Net Worth $460 million

Early Life

McGraw was born in Vinita as the son of Joseph J. McGraw Jr. and Anne Geraldine “Jerry.” He started working at the age of 13 in Oklahoma City at a Pizza Planet franchise and an A&W Root Beer stand.

McGraw moved to Kansas with his father while he pursued his long-held desire of becoming a psychologist. He admitted to Shawnee Mission North High School in Overland Park, Kansas. He was given a football scholarship to play middle linebacker at the University of Tulsa by head coach Glenn Dobbs in 1968. Later, he changed to Texas’s Midwestern State University.

In 1975, McGraw graduated from Midwestern State University with a Bachelor of Arts in psychology. He attended the Wilmington Institute for a year of post-doctoral forensic psychology training. Frank Lawlis, who eventually became the main contributing psychologist for the Dr. Phil television program, served as McGraw’s Ph.D. advisor.

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Dr. Phil Net Worth

Dr. Phil’s net worth in 2023 is estimated to be $460 million. He earns between $60 and $90 million yearly from many businesses. The whole content of McGraw’s program is his. Phil pays CBS to air the program in exchange for advertising and product placement fees.

Early Career

After earning his Ph.D., McGraw returned to his father’s private psychological practice in Wichita Falls, Texas. They collaborated with Thelma Box in 1985 to offer “Pathways” self-help workshops. In 1991, McGraw sold his $325,000 stake in Box.

Dr. Phil Net Worth

McGraw co-founded the trial consulting company CSI in 1990. In simulated courtrooms, CSI would conduct “dry runs” of court cases, and McGraw would provide feedback on each aspect of the attorney’s argument that was successful and unsuccessful. Through CSI, McGraw met Oprah Winfrey and started collaborating.

The Oprah Winfrey Show

In 1995, Oprah Winfrey hired McGraw’s law company CSI to assist her in preparing for the Amarillo Texas cattle trial. Winfrey became so surprised by McGraw that she praised him for helping her succeed in the 1998 lawsuit. Soon after, she invited him to appear on her show. His presentation was so popular that he began making weekly appearances on Tuesdays as a love and life strategy expert in April 1998.

The Dr. Phil Show

McGraw established Peteski Productions in September 2002 and debuted Dr. Phil, his own syndicated daily television program. On each episode of the guidance show, Dr. Phil McGraw discusses a different subject while offering advice to his guests.

He agreed to extend his syndication deal by five years with the show’s distributor, King World Productions, Inc. As part of the agreement, McGraw would receive $15 million annually, and the show would continue to be produced throughout the 2013–2014 television season.

With 6.69 million viewers in May 2007, Dr. Phil was placed fourth by Nielsen Media Research. In May 2008, over a year later, the program had 5.69 million viewers, placing it sixth. The Oprah Winfrey program was the only talk program in May 2008 to surpass Dr. Phil in popularity. McGraw ranked thirty on the Forbes Celebrity 100 list in 2007.

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As a result of his rise in the rankings, in 2020, he held the 22nd position on the same Forbes list with earnings of $65.5 million.

Doctor on Demand

McGraw created the online platform Doctor On Demand in 2012 to let people book virtual sessions with a network of doctors and therapists. Preventive care, medication management, wellness, and mental health services are the platform’s main priorities. It had 11,000 board-certified doctors as of 2015. The business increased its therapist pool during the COVID-19 epidemic to meet the rising demand for online consultations.

Writing Career

McGraw’s first book, Life Strategies, was released in 1999. In the following six years, McGraw released three more books on relationships: Relationship Rescue, Self-Matters, and Family First. Several WebMD and USA Today have been co-written by McGraw and Doctor John Whyte since 2022. Additionally, he has published editorials for The Hill and Sportico.

Salary Highlights

Dr. Phil, a renowned television personality, has consistently earned high salaries, ranging from $88 million in 2006 to $72 million in 2014, mainly due to syndication. McGraw earned $70 million in 2015, $88 million in 2016, $79 million in 2017, and $77.5 million in 2018, making over $80 million annually from the program.

Awards

Dr. Phil won several awards and honours. His recent time winning awards are

  • Daytime Emmy Awards
  • Hollywood Walk of Fame
  • Humanitarian Award
  • Spirit of the Heart Award
  • NAACP Image Award
  • Maddy Institute Award

Personal Life

Dr. Phil and Robin Jameson married in 1976 and have two kids, Jay and Jordan. His family life is usually presented as stable and loving, which has contributed to his image as a family and relationship guru.

FAQs

What is Dr. Phil’s net worth?

Dr. Phil’s net worth in 2023 is estimated to be $460 million.

What show is inspired by Dr. Phil?

The show “Bull” was inspired by Dr. Phil.

Does Dr Phil have a kid?

Yes, He has two sons.

Final Thoughts

Dr. Phil net worth is much larger than his career. In a very short time, Phil’s net worth states that he had seen only success from the early beginning of his career.