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

Dr. Phil McGraw is a well-known author, TV personality, and mental health specialist best known for his TV program “Dr. Phil.” He was raised in Vinita, Oklahoma, and participated in youth college football. The University of North Texas eventually awarded him a Ph. D., and he quickly joined his father’s private psychiatric practice.

He soon quit his private practice and founded the self-motivation seminar “Pathways” and the business “Courtroom Sciences.” Before starting his program, “Dr. Phil,” in 2002, he frequently appeared on Oprah Winfrey’s show.

While the show is immensely well-liked, it has also received some criticism. McGraw has also written several best-selling self-help books. In addition to anchoring his program, he has appeared as a guest on numerous TV shows and films.

In the comic drama “Madea Goes to Jail” and the horror comedy “Scary Movie 4”, he played himself. In 2015, Forbes magazine listed him as the world’s 15th highest-earning celebrity. In this article, you can find details about Dr. Phil Net Worth, early life, career, and more.

Dr. Phil Net Worth

As of 2023, Dr. Phil’s net worth of $460 million. His many businesses generate between $60 and $90 million annually. 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. He is currently a resident of Beverly Hills, California, with his wife, Robin.

Salary Highlights

Dr. Phil 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.

Dr. Phil Early Life

On September 1, 1950, Phillip McGraw was born in Vinita, Oklahoma, in the United States, to parents Anne Geraldine and Joseph J. McGraw, an equipment supplier. His father had always wanted to be a psychologist, and he eventually became one.

Brenda, Deana, and his three sisters make up his family. They were raised in North Texas’ oil fields.
In Overland Park, Kansas, he attended Shawnee Mission North High School. He received a football scholarship to the University of Tulsa due to his athletic talent. He was a middle linebacker for coach Glenn Dobbs there.

He graduated from Midwestern State University with a psychology BA before going to the University of North Texas for an MA in experimental psychology and a Ph. D. in clinical psychology. Then he went to live with his father in Wichita Falls, Texas, where his father had established a psychology consulting business.

Dr. Phil Career

After a few years of running their private practice together, Phil McGraw and his father collaborated with Thelma Box, a prosperous entrepreneur from Texas, to launch the “Pathways” program. A training curriculum based on experience was highly successful.

After some time, McGraw penned a contract for the $325,000 sale of his equity in the Pathways seminar.
Later in 1990, McGraw co-founded Courtroom Sciences Inc. with attorney Gary Dobbs (CSI).

It later became a successful business that provided Fortune 500 firms with advice and assisted wounded plaintiffs in obtaining settlements. McGraw eventually stopped doing psychology. Oprah Winfrey engaged his legal consulting firm in 1995 for the Amarillo, Texas, beef trial.

After three years, Oprah won the lawsuit and appreciated him for it. So she asked him on her show, and starting in April 1998, he started making weekly appearances as a romance and life strategy guru. Life Strategies: Doing What Works, Doing What Matters, his best-selling book, was released in 1999.

He continued to release numerous other best-sellers over the ensuing years, including “Relationship Rescue” and “The Ultimate Weight Solution Food Guide.”

The ‘Dr. Phil’ Show

Dr. Phil started his talk show, “Dr. Phil,” after becoming successful on Oprah Winfrey’s show. The program debuted on September 16, 2002. Based on his clinical and forensic psychologist expertise, he provides ‘life strategies’ as counseling in the program.

The program has shown its viability and has received multiple “Daytime Emmy Award” nominations. Weight reduction, financial planning, autistic children, troubled marriages, and dysfunctional families are a few issues covered in the program.

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With sporadic moments of humor, it has a somber tone. Despite his success, several psychotherapists and other mental health specialists have challenged McGraw’s suggestions and techniques. His actions in one episode were described as “unethical” and “irresponsible” by “The National Alliance on Mental Illness.”

The program’s popularity resulted in several spin-off programs, including “The Doctors,” which debuted in 2008. McGraw and his son Jay McGraw are the hosts of the one-hour show. The program has garnered positive reviews and is broadcast outside the United States in Finland, Canada, and Mexico.

Dr. Phil Love Life

In 1970, Phil McGraw wed Debbie Higgins McCall, a cheerleader. However, after three years, their marriage was dissolved owing to interpersonal issues. In 1973, McGraw started dating Robin Jo Jameson; they later married. Jay and Jordan are the names of their two children.

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