Dr Phil Mcgraw Net Worth: Phillip Calvin McGraw, better known by his stage name Dr. Phil, is an American television personality, author, psychologist, and host of the show ‘Dr. Phil.’
In the late 1990s, he first became famous after appearing on ‘The Oprah Winfrey Show.’
Early Life of Dr Phil Mcgraw
On September 1, 1950, Dr. Phil was born in Vinita, Oklahoma. His father was an equipment supplier in the North Texas oil fields.
Where he grew up. When Dr. Phil was a child, his family relocated so that his father could follow his longtime dream of becoming a psychologist. McGraw went to Overland Park, Kansas’ Shawnee Mission North High School.
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On a football scholarship, he enrolled in the University of Tulsa in 1968. His position was middle linebacker. McGraw was a member of the team that lost 100-6 to the University of Houston, one of the most lopsided losses in NCAA history.
McGraw transferred to Midwestern State University in Wichita Falls, Texas, the following season, and got his Bachelor of Arts in psychology there in 1975.
He graduated from the University of North Texas with a Master’s degree in experimental psychology in 1976 and a Ph.D. in clinical psychology in 1979. McGraw worked in private practice for several years after graduating.
Dr Phil Mcgraw Career
In 1990, Phil and lawyer Gary Dobbs co-founded Courtroom Sciences Inc. It later turned into a thriving business that provided legal advice to Fortune 500 businesses and assisted wounded plaintiffs in reaching settlements.
Dr Phil Mcgraw finally retired from psychology practice. In 1995, Oprah Winfrey joined his consulting firm. From April 1998, he began appearing weekly as a romance and life strategy expert on Oprah’s show.
In 1999, Dr. Phil released his best-selling book, ‘Life Strategie: Doing What Works, Doing What Matters.’ He continued to write numerous other bestsellers over the next few years, including ‘Relationship Rescue’ and ‘The Ultimate Weight Solution Food Guide.’
Following his success on Oprah Winfrey’s show, Dr. Phil decided to establish his own talk show, ‘Dr. Phil.’ The show premiered on September 16, 2002.
He gives guidance in the form of “life strategies” based on his experience as a clinical and forensic psychologist on the show. The show has been a hit and has received multiple ‘Daytime Emmy Award’ nominations.
Weight reduction, financial planning, autistic children, troubled marriages, and dysfunctional families are among the subjects covered on the show. It has a serious tone with some lighthearted moments.
What Is Dr. Phil Mcgraw’s Net Worth?
Dr. Phil McGraw net worth is $460 million. Dr. Phil makes between $60 and $90 million per year from his different ventures. McGraw owns the entire content of his show.
In exchange for a large portion of the advertising money and product placement, he pays CBS to distribute the show. He is also the co-founder of the telemedicine app Doctors on Demand and executive produces “The Bull” and “The Doctors.”
McGraw is a clinical psychologist with a Ph.D. but is not licensed to practice. When he began appearing on “The Oprah Winfrey Show” in the late 1990s, he became a celebrity. He and his wife Robin now live in Beverly Hills, California.
Personal Life of Dr. Phil McGraw
McGraw married Debbie Higgins McCall, his first wife, when he was only 20 years old, in 1970. That marriage terminated in an annulment three years later. McGraw began seeing Robin Jo Jameson while dealing with the breakup of his first marriage.
Jay and Jordan, their two children, were born in 1976. McGraw is also a single-engine private pilot with an instrument rating. McGraw established the Dr. Phil Foundation in 2003 with the goal of combating pediatric obesity.
Dr. Phil and his wife Robin purchased a $7 million Beverly Hills property in 2008. This property was listed for $16.5 million in 2010. They sold it for $12 million in April 2011.
The McGraws paid $29.5 million for a large hillside property in Beverly Hills in 2010. The home is a three-acre Mediterranean-style mansion with a 14,000-square-foot main house, five bedrooms, and 11 bathrooms.
There’s also a pool and a guesthouse. McGraw and his wife listed a Beverly Hills home for $6.35 million in 2011. This house was not purchased.
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They re-listed it for $5.75 million in January 2020. It has a gun-lined dining room and other unique finishes that can be included in the sale if the buyer desires them.
Here are some of Dr. Phil’s most memorable moments:
- Dr. Phil joined lawyer Gary Dobbs in co-founding Courtroom Sciences (1990)
- Dr. Phil (Television Show, 2002-)
- He founded Dr. Phil Foundation (2003)
- Scary Movie (Movie, 2006)