Dr Phil Net Worth How Much Does He Make a Year

Dr Phil Net Worth: How Much Does He Make a Year?

On this page, you can find information on Phil McGraw’s net worth, biography, age, wife, height, and weight, among many other things. Phil McGraw has a net worth of about $470 million. Everyone is familiar with the TV psychologist Phil McGraw, but there is another Phil McGraw who began his career as a football star rather than in front of the camera. You can also look up the net worths of McKenna Grace and Ana de Armas.

Although Phil owns several residences in Los Angeles, his $30 million mansion on Waverly Hills is the most well-known. Dr. Phil has been married to his wife for 40 years. Perhaps their healthy family lifestyle accounts for their sharp minds. Dr. Phil is not known for driving flashy automobiles or spending extravagantly.

Dr. Phil McGraw’s Net Worth

The American TV personality, author, and former psychologist Phil McGraw, also known as Dr. Phil, has a $460 million fortune. Dr. Phil generates between $60 and $90 million annually from his many businesses. The entire content of McGraw’s show is his. He pays CBS to air the program in return for a sizable portion of the advertising and product placement fees.

He is also a co-founder of the telemedicine app Doctors on Demand and executive produces “The Bull” and “The Doctors.” Despite having a clinical psychology doctorate, McGraw lacks a license to practice. When he began to appear on “The Oprah Winfrey Show” in the late 1990s, he initially became famous. Together with his wife Robin, he is currently a resident of Beverly Hills, California.

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Phil McGraw’s Early Years

On September 1, 1950, Dr. Phil was born in Vinita, Oklahoma. He was raised around oil fields in North Texas where his father supplied equipment. When Dr. Phil was a young boy, his family relocated so that his father could follow his lifelong dream of becoming a psychologist. In Overland Park, Kansas, McGraw attended Shawnee Mission North High School.

On a football scholarship, he enrolled at the University of Tulsa in 1968. As a middle linebacker, he was. McGraw was a member of the squad that suffered one of the most lopsided losses in NCAA history, 100-6, to the University of Houston. The following year, McGraw changed schools and enrolled at Midwestern State University in Wichita Falls, Texas.

There, he studied psychology and graduated in 1975 with a Bachelor of Arts. He graduated from the University of North Texas with a Master’s in experimental psychology in 1976 and a Ph.D. in clinical psychology in 1979. McGraw spent several years working in private practice after graduating.

Phil McGraw’s Courtroom Sciences CSI

He established CSI Courtroom Sciences, Inc. in 1990 to provide companies and individual plaintiffs with settlement advice. McGraw quit his profession of psychology after he launched CSI. Up until he decided to retire in 2006, 15 years later, he kept his license active and in excellent standing.

In 1995, after making derogatory remarks about meat on her show about mad cow disease, Oprah contacted Phil’s company to assist her in a libel action she was facing. In 1998, Oprah invited Dr. Phil to appear on her program. His appearance was so successful that he started making weekly appearances as a relationship and life strategy expert on Tuesdays on “The Oprah Winfrey Show.”

Phil McGraw’s Individual Life

In 1970, at the age of just 20, McGraw wed Debbie Higgins McCall, who would become his first wife. Three years later, the annulment of that marriage occurred. While going through the dissolution of his first marriage, McGraw began dating Robin Jo Jameson. In 1976, they got married and had two kids, Jay and Jordan. McGraw also flies single-engine aircraft as a private pilot with an instrument rating. McGraw established the Dr. Phil Foundation in 2003 to combat pediatric obesity.

Phil McGraw’s Highlights of Salary

Dr. Phil is one of the highest-paid television personalities as a result of syndication. He was making $88 million annually at his height. He earned $45 million in 2006. His earnings decreased to $30 million in 2008. He earned $80 million in 2011. He earned $64 million in 2012. He earned $72 million in 2014. He earned $77 million in 2014. About $70 million in 2015. He earned $88 million in 2016. He earned $79 million in 2017 and $77.5 million in 2018. He makes about $80 million a year from the show alone as of 2019. However, he made $95 million from June 2018 to June 2019.

Phil McGraw’s Actual Estate

Dr. Phil and his wife Robin spent $7 million on a Beverly Hills mansion in 2008. They listed this house for $16.5 million in 2010. They sold it for $12 million in April 2011. For $29.5 million, the McGraws acquired a huge Beverly Hills hillside property in 2010. The property is a three-acre Mediterranean-style home with a 14,000-square-foot main house, five bedrooms, and eleven bathrooms. A guesthouse and a pool are also there.

McGraw and his wife put another Beverly Hills home on the market for $6.35 million in 2011. There was no buyer for this house. For $5.75 million, they relisted it in January 2020. It has a dining room with gun-lined walls and other quirky finishes that, if the buyer so chooses, can be included in the sale.

Dr. Phil’s Show

His early performances made him a household name and eventually led to the creation of his show, which aired in 2002. Today, “The Dr. Phil Show” is still broadcast and is syndicated across the nation. Oprah’s Harpo Studios is the producer of “The Dr. Phil Show.”

McGraw entered the weight-loss industry in 2003 by offering energy bars, supplements, and smoothies. His sisters Deana and Brenda, as well as his nephew Tony, testified about the effectiveness of these products on his show. Shape It Up, Woo Woo was the moniker used to market goods. Soon after, Dr. Phil was being investigated by the Federal Trade Commission for making promises that the goods “may help you modify your behavior to take control of your weight.”

In March 2004, after McGraw’s supplements came under the FTC’s attention, the agency decided not to pursue further action. People who took his goods but didn’t lose weight sued him in a class-action lawsuit in 2005. McGraw paid up $10.5 million to settle the lawsuit in 2006, albeit $6 million of that sum was given to the plaintiffs in the form of vitamins under the Amway brand.