Dr. Phil Net Worth: Earnings & Lifestyle [2024 Update] (2024)

An American television personality and author, Phillip Calvin McGraw, known professionally as Dr. Phil, has a net worth of a whopping $460 million.

He is best known for hosting the talk show Dr. Phil on CBS.

Dr. Phil owns 100% of the show and actually pays the CBS network to distribute it in return for a generous cut of the advertising revenue.

He rose to prominence in the 1990s with an appearance on The Oprah Winfrey Show.

As a matter of fact, it was Oprah who helped McGraw to launch his own show D. Phil in 2002.

And just so you know doctor on his name is not just his stage name; he actually holds a Ph.D. in clinical psychology.

However, he is not practicing.

Dr. Phil | Quick Facts

Dr. Phil’s net worth as of June 2024 is a whopping $460 million. Here are some cool facts about the talk show host and author Phil McGraw.

Dr. Phil | Net Worth & Income

Net Worth

An American TV personality, author, and former psychologist, Dr. Phil’s net worth as of June 2024 is a staggering $460 million.

Television shows have been significant money draw to Dr. Phil.

However, over the years, business-savvy McGraw has created several other sources of income.

In a typical year, McGraw earns anywhere between $60 to $90 million from multiple pursuits.

As mentioned before, he owns 100% of the content of his show Dr. Phil.

It has been in syndication across the United States and several other countries.

McGraw signed a deal with the CBS network to host the show through its 2022-23 season.

Aside from that, Phil is also the executive producer of The Doctor and The Bull on CBS.

Moreover, his other sources of income include business investments and endorsem*nt deals.

Income

Phil McGraw is one of the world’s highest-paid television personalities, thanks to syndication.

Dr. Phil has constantly appeared on the Forbes list of highest-paid celebrities over the past decade or so.

According to Forbes, his total earnings in 2006 were recorded at $45 million.

Nonetheless, his income slipped to $30 million in 2008.

Three years later, his income surpassed an estimated $80 million mark.

Not to mention he was one of the highest earning celebrities this whole time.

His income in 2012 was $64 million, $72 million in 2014, $70 million in 2015, and a staggering $88 million in 2016.

Moreover, Phil earned $79 million in 2017 and $77.5 million the following year.

His annual earnings as of 2019 from the show alone were $80 million.

However, between 2018 and 2019, he made an astonishing $95 million with endorsem*nts and other business pursuits, contributing a few million on top of his TV income.

His yearly income fluctuated dramatically in 2020 as he earned just $65.5 million, but he still managed to slip in at number 22 on Forbes Celebrity 100 list.

Net Worth of Dr. Phil in Different Currencies

As of June 2024, Dr. Phil’s net worth is a massive $460 million. Let’s look into his net worth in different currencies, including the cryptocurrency Bitcoin.

Dr. Phil | Houses & Cars

Houses

One of the highest-paid TV personalities on the planet is also a savvy real estate investor and has traded several properties across the United States.

Dr. Phil and his spouse Robin McGraw purchased a Beverly Hills mansion for $7 million in 2008.

They offloaded the house for $12 million in 2011. The couple had initially listed it for $16.5 million in 2010.

Likewise, in 2010 Phil splashed a staggering $29.5 million for a massive three acres, 14,000 square feet hillside mansion in Beverly Hills.

In 2011, Dr. Phil and his wife put another Beverly Hills house on the market for $6.35 million.

However, they could not find a buyer because of the price point and had to re-list it in 2020 for $5.75 million.

Aside from these, Dr. Phil also owns a gorgeous estate on Deloache in Old Preston Hollow, Dallas, Texas.

Dr. Phil’s net worth as of June 2024 is an astonishing $460 million.

Cars

Dr. Phil owns a few stunning machines that compliment his style.

Phil owned a 1957 Chevrolet Convertible, one of his most prized possessions.

However, his near-perfect condition car, worth $100,000, was stolen from a reputable car repair shop in Burbank, California, in 2012.

Similarly, he also owned a Gemballa Porsche 911 Turbo and Ferrari 360 Spider, both of which were sold in an auction.

Likewise, he owned a Chevy Camero, which he ultimately sold.

Read About30 Richest TV Hosts in the World

Dr. Phil | Lifestyle

With an annual income of nearly $100 million, Dr. Phil is living his best life with his wife and children.

He follows Christianity and has a strong faith in God.

Similarly, Dr. Phil finds joy in an adventure which might be one of the reasons he took flying lessons.

He not just took lessons but became a private pilot with an instrument rating, flying single-engine planes.

Instrument rating requires a higher qualification than a regular private and commercial pilot.

Moreover, the 73-year-old does not mind splashing a few thousand bucks on the things he is passionate about.

Dr. Phil is a watch aficionado and owns a handful of expensive timepieces, but the one that stands out is his 40mm Rolex Cosmograph Daytona Everose with an oyster bracelet which has a market value of $37,000.

Similarly, another luxury timepiece in his possession is his Cartier Roadster Yellow Gold chronograph, worth around $27,000.

Moreover, McGraw met his second wife, Robin Jo Jameson, in 1973 during the process of annulling his first marriage.

He married Robin in 1976 and shares two children, Jordan and Jay McGraw.

He was previously married to Debbie Higgins McCall. At the time of his marriage to Debbie in 1970, Phil was just 20.

According to Debbie, Phil was heavy-handed to her and would not let her join the family business.

She also claimed that Phil would confine her to domestic duties and instruct her to lift weights to improve her bustline.

Likewise, she claimed that his unfaithfulness ended their marriage.

As of June 2024, Dr. Phil’s net worth is an enormous $460 million.

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Dr. Phil | Endorsem*nts & Investments & Books

Endorsem*nts & Investments

Aside from investing in his shows and real estate, Dr. Phil has sowed a couple of millions of his fortune in technology.

He is actually the co-founder of the telemedicine app Doctor on Demand.

In 2003, Phil got involved in the weight-loss business. He came up with a line of supplements, energy bars, and shakes.

These weight-loss products were also featured in his show, with his nephew Tony and sisters Brenda and Deana offering testimonials on how well the products worked.

However, after The Federal Trade Commission got interested in Phil’s case and looked into the claims, fearing scrutiny, Phil pulled his products from the market in March 2004.

Later FDA investigated the products and claims they made on air.

Phil was sued by the people who used the products and did not see any changes in their weight in 2005.

The following year McGraw settled the case for $10.5 million.

However, of the total amount, $6 million was paid to accusers in the form of Amway brand vitamins.

Similarly, McGraw has endorsed several products and appeared in TV commercials and print ads.

He was featured in print ads for weight management and nutrition products CAS Nutraceuticals‘ Shape Up! in 2003.

Similarly, in 2004 he appeared in the print ads for American Dairy Farmers‘ “Got Milk?” milk mustache campaign and M&M Candies in 2008.

In 2006, he signed an endorsem*nt deal with Match.com.

Dr. Phil served as an official spokesperson for AstraZeneca, a diabetes drug, in 2016.

Furthermore, McGraw filmed a television commercial for Acura Automobiles in 2012.

Books

In addition to being a TV personality, and investor, Phil McGraw has also penned a few bestselling books over the course of his career.

Some of his most notable written works include Relationship Rescue, The 20/20 Diet, and Life Strategies.

Dr. Phil | Career

In 1975, McGraw graduated with a Bachelor of Arts degree in psychology from Midwestern State University in Wichita Falls, Texas.

In 1976, he got his Master’s and, in 1979, completed his Ph.D. in clinical psychology from the University of North Texas.

McGraw founded CSI Courtroom Sciences, Inc., an organization that advised individual plaintiffs on how to achieve settlements.

Oprah invited Phil to her show in 1998. After his successful appearances, he began appearing weekly on “The Oprah Winfrey Show.”

The early appearances on “The Oprah Winfrey Show” made Phil a household name and, over time, led to his own show.

“The Dr. Phil Show” debuted in 2002 and is still on the air today.

Dr. Phil’s net worth as of June 2024 is a whopping $460 million.

Unknown Facts About Dr. Phil

• Phil played football in college as a center linebacker.
• In July 2006, Phil and his wife Robin filed a lawsuit against The National Inquired, claiming $250 million in damages for publishing lies about their personal relationship.
• Dr. Phil does not drink alcohol. As a matter of fact, in 2014, Phil stated that he hadn’t had a drink in over 45 years.

FAQs

Is Dr. Phil still canceled?

No. Phil signed a deal with CBS in 2018 to host Dr.Phil through its 2022–23 season.

Is the Dr. Phil show staged?

Dr. Phil is not staged in the same way as reality TV and fictional TV shows.

Are Oprah and Dr. Phil still friends?

Oprah is one of the dearest friends of Dr. Phil.

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