Dr. Phil Net Worth in 2022, Awards, Investments, Salary and Personal Life

Dr. Phil, or Phillip Calvin McGraw, is an American media personality, writer, and host of the
Dr. Phil television show. His clinical psychology degree is valid, however his license to
practice psychology lapsed in 2006.
McGraw rose to fame after participating on The Oprah Winfrey Show in the late 1990s.
McGraw’s show, Dr. Phil, premiered in September 2002 with Oprah Winfrey’s help. He has a
total value of $460 million and hosts the show as an advising program. Dr. Phil makes
between $60 and $90 million a year from his different ventures.
McGraw controls the whole material of his program. In exchange for a large portion of the
advertising money and product placement, he compensates CBS to promote the show. He is
also the co-founder of the healthcare app Doctors on Demand and is in charge of production of
“The Bull” and “The Doctors.”

Dr. Phil Net Worth:

Net Worth:       $460 million
Date of Birth:  1st September, 1950 (71 years old)
Profession:     Actor, Film Producer, Pilot, Talk show host, Psychologist, Author,
                        Television Producer
Nationality:     United States of America
Height:            1.93m
Partner:           Robin McGraw
Salary:             $80 million

Dr. Phil Early Years:

Dr. Phil was born on September 1, 1950, in Vinita, Oklahoma. His father was an apparatus
dealer in the North Texas oil fields, where he grew up. When Dr. Phil was a young child, his
family relocated so that his father could follow his longtime dream of being a psychologist.
McGraw went to Overland Park, Kansas’ Shawnee Mission North High School.
On a football scholarship, he joined the University of Tulsa in 1968. He was a linebacker in
the middle. McGraw was a member of the squad that lost 100-6 against the University of
Houston, one of the most crushing losses in NCAA history.

The next season, McGraw transferred to Midwestern State University in Wichita Falls, Texas,
where he earned his Bachelor of Arts in psychology in 1975. He obtained a Master’s degree in
experimental psychology and a Ph.D. in clinical psychology from the University of North
Texas in 1976 and 1979, respectively. Following graduation, McGraw practiced in the private
industry for several years

Dr. Phil Career:

In 1990, he launched CSI Courtroom Sciences, Inc., a firm that provided settlement advice to
businesses and individual litigants. McGraw stopped practicing psychology after joining CSI.
He kept his license up to date and in excellent standing until 2006 when he decided to retire
after 15 years.
Oprah recruited Phil’s firm to help her with a libel case she was facing in 1995 after she made
derogatory remarks about meat on her show regarding mad cow disease. In 1998, Oprah
requested Dr. Phil to come on her show. His participation was so impressive that he started
appearing regularly as a love and life strategy expert on “The Oprah Winfrey Show” on
Tuesdays.
Those early performances earned him national notoriety and acclaim and eventually led to the
launch of his program in 2002. “The Dr. Phil Show” is still on the air and is distributed across
the United States. Oprah’s Harpo Studios produces “The Dr. Phil Show.”
McGraw entered the weight-loss industry in 2003, offering shakes, vitamins, and energy bars.
On his program, his siblings Deana and Brenda, as well as his nephew Tony, gave testimonies
about how well the goods performed. Shape It Up, Woo Woo was the brand name for the items.
Dr. Phil’s assertions that the goods “may help you modify your habit to seize ownership of your
weight” were quickly investigated by the Federal Trade Commission. McGraw removed his
medications off the shelves in March 2004 when the FTC launched an inquiry against him.
People who consumed his goods but didn’t lose weight sued him in a class-action case in 2005.
McGraw agreed to settle the claim for $10.5 million in 2006, with $6 million going to the
plaintiffs as Amway brand supplements.

In 2008, Dr. Phil and his son Jay McGraw released “The Doctors,” an offshoot of “Dr. Phil”
that was also created by Dr. Phil Jay McGraw. “Dr. Phil” is the first third-generation broadcast
sequel, as it was driven by “The Oprah Winfrey Show.” The show is hosted by Travis Stork,
an ER doctor and former “Bachelor” contestant.
“The Experts” is a medical show that features a team of doctors discussing health-related
subjects and addressing concerns from individuals who are too shy about asking their doctors.
On September 8, 2008, it made its premiere.
Dr. Phil’s experience as a litigation advisor for Courtroom Science, Inc. is the basis for the
television program “Bull,” starring Michael Weatherly. He is listed as one of the series’
creators, which debuted in 2016.

McGraw is also the author of “Life Strategies,” “Relationship Rescue,” and “The 20/20 Diet,”
among other best-selling relationship and diet books.

Dr. Phil Personal Life:

McGraw got married to his first spouse, Debbie Higgins McCall when he was barely 20 years
old in 1970. That marriage resulted in an annulment three years later. McGraw began a
relationship with Robin Jo Jameson whilst dealing with the breakup of his first marriage. They
got married in 1976. Jay and Jordan, their two children, were born after their marriage.
McGraw is also a licensed pilot who flies single-engine planes that has an instrument rating.
McGraw established the Dr. Phil Foundation in 2003 intending to combat pediatric obesity.

Dr. Phil Recognition And Awards:

In 2015, McGraw was honored by the Broadcasting & Cable Hall of Fame.
He was honored with a plaque on the Hollywood Walk of Fame in 2020.
McGraw was selected to deliver the presidential speech at the American Psychological
Association’s annual conference in 2006, and he earned the APA’s Presidential Citation for
“bringing mental health concerns to the attention of many more Americans than almost any
contemporary psychologist.”

Dr. Phil’s Salary Highlights:

Dr. Phil has become one of the highest-paid media celebrities as a result of syndication. At his
peak, he was earning $88 million a year. In 2006, he made $45 million. In 2008, his profits
plummeted to $30 million. In 2011, he earned $80 million. In 2012, he gained $64 million. In
2014, he received $72 million. In 2014, he earned $77 million. In 2015, $70 million was earned.
In 2016, he made $88 million. He made $79 million in 2017 and $77.5 million in 2018. As of
2019, his aggregate income from the show alone is around $80 million every year. However,
between June 2018 and June 2019, he earned $95 million.

Dr. Phil Real Estate:

Dr. Phil and his partner Robin purchased a $7 million Beverly Hills property in 2008. This
property was listed for $16.5 million in 2010. They resold that property for $12 million in April
2011.
Phil and Robin McGraw paid $29.5 million for a large hillside property in Beverly Hills in
2010. The mansion is a three-acre Mediterranean-style estate with a 14,000-square-foot main
building, five suites, and eleven bathrooms. A swimming pool and a guesthouse are also
provided.

McGraw and his wife marketed a Beverly Hills home for $6.35 million in 2011. This home
was unsuccessful in finding a buyer. They re-listed it for $5.75 million in January 2020. It has
a gun-lined dining area as well as other unique finishes that may be included in the sale if the
purchaser wishes to do so.

Dr. Phil Controversies:

The scandal surrounding Dr. Phil began when he was discovered to be practicing medicine
without a valid license.
Phil McGraw is a doctor who holds a Ph.D. in psychology, but he is not a licensed psychologist
since he chose to let his license lapse which is as easy as failing to pay the licensing cost for
registration, even though registration is crucial and required to use the term “psychologist.”
Dr. Phil’s next episode of the scandal came in the shape of allegations of child abuse.
Troubled teenagers are a common topic on Dr. Phil. People appear to like it when they deliver
fantastic one-liners and encourage Dr. Phil to raise his fingers at such antics.
This former Aspen Education Group ranch in Utah is billed as a “therapeutic boarding school”
for disturbed youths. Erstwhile participants have come forth with assertions of sexual,
physiological, and psychological torture at the hands of the staff, and it has been named in
several cases.

He has many more controversies related to abuse and unethical practices that certified
psychologists have labeled as dangerous, breach of confidentiality of Britney Spears,
unauthorized making of a biography, etc.

Frequently Asked Questions:

Is Dr. Phil worth a billion dollars?

Dr. Phil’s personal wealth is expected to be over $460 million in 2022.

Is Dr. Phil a forensic psychologist?

Phil has a degree in clinical psychology as well as a post-doctoral certificate in forensic
psychology. In 1998, Oprah Winfrey recruited him and made him into a celebrity.

How was Doctor Phil’s license revoked?

Phillip McGraw was awarded a doctorate. In 1979, he earned a bachelor’s degree in psychology
at the University of North Texas and was certified to practice psychology in Texas until his
license was suspended in 1988 by the Texas Board of Psychology following two accusations
of misbehavior, including sexual approaches toward one of his patients.

Conclusion:

Dr. Phil is one of the most famous television personalities who has cashed in on his fame for a
long time. He has a massive net worth that only grows owing to his many ventures in both
media and health. His net worth will only grow in the future because of these businesses. Dr.
Phil is a controversial figure in the American media circle but one cannot deny his influence.
One may hate him or love him; he is well known by everyone and is raking in the money every
year by staying in the news whether be it for good or the bad.