Dr Phil Mcgraw Net Worth: Dr. Phil was born on September 1, 1950 in Vinita, Oklahoma. In the oil fields of North Texas, where his father was a supplier of equipment, he grew up.
When Dr. Phil was a child, his family relocated so that his father could follow his longtime ambition of becoming a psychologist. Overland Park, Kansas’s Shawnee Mission North High School was McGraw’s high school.
In 1968, he attended the University of Tulsa on a football scholarship. He played middle linebacker. McGraw was a member of the squad that lost 100-6 to the University of Houston, one of the most lopsided scores in NCAA history.
In 1975, McGraw obtained a Bachelor of Arts in psychology from Midwestern State University in Wichita Falls, Texas, where he transferred the following season.
The University of North Texas awarded him a Master’s degree in experimental psychology in 1976 and a Ph.D. in clinical psychology in 1979. After graduating, McGraw spent several years in private practise.
CSI Forensic Science
In 1990, he launched CSI Courtroom Sciences, Inc., a consulting firm for businesses and individual plaintiffs. After establishing CSI, McGraw stopped practising psychology. He kept his licence current and in good standing until 2006, when he decided to retire it.
In 1995, Oprah hired Phil’s organisation to represent her in a libel claim she was facing after making disparaging remarks about beef in regard to mad cow disease on her talk programme. In 1998, Oprah requested Dr. Phil to appear on her show.
His performance was so successful that he began appearing every Tuesday as a relationship and life strategy expert on “The Oprah Winfrey Show.”
Dr. Phil’s Show
These early appearances earned him national notoriety and acclaim and eventually led to the debut of his own show in 2002. Today, “The Dr. Phil Show” continues to air and is syndicated around the nation. “The Dr. Phil Show” is produced by Harpo Studios, owned by Oprah.
In 2003, McGraw began marketing smoothies, vitamins, and energy bars for weight loss. His sisters Deana and Brenda, as well as his nephew Tony, provided testimonies on how well these products worked on his show.
The merchandise was marketed under the brand name Shape It Up, Woo Woo. Soon thereafter, the Federal Trade Commission began investigating Dr. Phil’s statements that the goods “may help you modify your behaviour to take control of your weight.”
McGraw removed his dietary supplements from the market in March 2004, and the FTC dropped its inquiry. In 2005, he was sued in a class-action lawsuit by individuals who had used his products but failed to lose weight.
In 2006, McGraw settled the claim for $10.5 million, of which $6 million was paid to the plaintiffs in Amway-brand vitamins.
Additional Films and Books
In 2008, Dr. Phil and his son Jay McGraw started the “Dr. Phil” spinoff series “The Doctors.” It is the first show to be a third-generation offshoot since “The Oprah Winfrey Show” spawned “Dr. Phil.” Travis Stork, a physician and former “Bachelor” contestant, hosts the programme.
“The Doctors” focuses on health and medical issues, with a team of medical professionals discussing health-related topics and addressing questions from viewers who are too shy to ask their own physicians. The release date was September 8, 2008.
Based on Dr. Phil’s expertise as a trial consultant for Courtroom Science, Inc., the television drama “Bull,” starring Michael Weatherly, is based on his life. He is credited as one of the creators of the 2016-debuting series.
McGraw is also the author of several relationship and diet books, including “Life Strategies,” “Relationship Rescue,” and “The 20/20 Diet.”
Personal Life
Twenty-year-old McGraw wed Debbie Higgins McCall in 1970, while he was only 20 years old. Three years later, this marriage was annulled.
McGraw began seeing Robin Jo Jameson throughout the process of dissolving his first marriage. In 1976, they wed and had two children, Jay and Jordan. McGraw is also an instrument-rated private pilot who flies single-engine aircraft.
McGraw established the Dr. Phil Foundation in 2003 to combat pediatric obesity.
Salary Features
Dr. Phil is one of the highest-paid television celebrities due to his syndication. During his prime, he earned $88 million each year. He made $45 million in 2006.
His income decreased to $30 million in 2008. He made $80 million in 2011. He made $64 million in 2012. He made $72 million in 2014. He made $77 million in 2014. In 2015, $70 million.
He made $88 million in 2016. In 2017, he earned $79 million, while in 2018, he made $77.5 million. His annual income from the show alone is over $80 million in 2019. Between June 2018 and June 2019, he earned $95 million, though.
Real Estate
Dr. Phil and his wife Robin purchased a $7 million Beverly Hills property in 2008. In 2010, the home was listed for $16.5 million. In April 2011, the property was sold for $12 million.
In 2010, the McGraws paid $29.5 million for a hillside mansion in Beverly Hills. The home is a three-acre Mediterranean-style mansion with a 14,000-square-foot main house featuring five bedrooms and eleven bathrooms. In addition, there is a guesthouse and a pool.
McGraw and his wife listed a second Beverly Hills home for $6.35 million in 2011. This home failed to attract a buyer. They re-listed it for $5.75 million in January 2020. Included in the sale, if the buyer desires, are the gun-lined dining room and other quirky finishes.
What is Dr. Phil McGraw’s income and net worth?
Dr. Phil, also known as Phil McGraw, is an American television personality, author, and former psychologist with a net worth of $460 million.
Dr. Phil earns between $60 and $90 million annually from his numerous enterprises. McGraw owns 100 percent of the content of his show.
In exchange for a substantial portion of the advertising revenue and product placement, he pays CBS to distribute the show in exchange for a big part of the advertising money.
In addition to producing “The Bull” and “The Doctors,” he co-founded the telemedicine application Doctors on Demand.
McGraw has a doctorate in clinical psychology but lacks a licence to practise. In the late 1990s, he initially attained superstar status when he began appearing on “The Oprah Winfrey Show.” He and his wife Robin currently reside in Beverly Hills, California.
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