|Net Worth:||$460 Million|
|Age/Date of Birth:||September 1, 1950 (71 years old)|
|Wife or Girlfriend:||Robin McGraw (m. 1976). He was for6merly married to Debbie Higgins (m. 1970–1973)|
|Parents:||Joseph J. McGraw Jr. and his wife, Anne Geraldine "Jerry" (née Stevens)|
Dr Phil is an American psychologist, author, and television personality best known for his eponymous talk show, “Dr Phil” which is his biggest moneymaker.
Phil came to the limelight in the late 1990s when the Queen of Media, Oprah Winfrey invited him to appear on her talk show after working with him on the 1998 Amarillo Texas beef trial. With that, the man quickly became a crowd favourite and parlayed his TV fame into best-selling books and his own hit daytime talk show which premiered in 2002.
Here is all you need to know about Dr Phil’s personal life and net worth.
Who Exactly is Dr Phil?
Dr Phil was born Phillip Calvin McGraw on September 1, 1950, in Vinita, Oklahoma. He grew up in Oklahoma and Texas. McGraw played football in high school and was awarded a football scholarship to the University of Tulsa. After playing for a season, he transferred to Midwestern State University. Following the footsteps of his father, Joe McGraw, Phil studied psychology at Midwestern graduating in 1975 with a BA. He earned a master’s degree in experimental psychology in 1976 and a PhD in clinical psychology in 1979.
Immediately after obtaining his PhD, Phil joined his father’s private psychology practice in Wichita Falls, Texas. However, not impressed with one-on-one therapy, Phil in 1983 joined forces with Texas businesswoman Thelma Box, as well as his father to launch the self-motivation Pathways Seminars which was a success. 8 years later in 1991, Phil sold his Pathways seminar stock for $325,000.
Phil most likely used the proceeds of the sale to support his groundbreaking trial consulting firm Courtroom Sciences, Inc. (CSI) which he co-founded in 1991 with lawyer Gary Dobbs. The role of CSI was to help trial lawyers use mock trials and behavioural analysis to build cases. The establishment soon became successful and began advising injured plaintiffs, as well as Fortune 500 companies in receiving settlements.
Appearance in In Oprah Winfrey TV
Phil’s CSI got its breakthrough in 1995 when they were hired by media mogul Oprah Winfrey who at the time was sued by cattlemen who claimed she had defamed the beef industry with comments made on her show. Dr Phil helped Oprah win the case in 1998, leading to his appearance on The Oprah Winfrey Show.
Phil quickly became a crowd favourite expert in a regular relationship and life strategist. In 1999, he published the book “Life Strategies” which became his first New York Times best-seller. By 2005, Phil had published 4 best-selling books on relationships. He now has at least 10 best-sellers.
Dr Phil Show and Peteski Productions
In 2002, Dr. Phil made a foray into the media industry by establishing his own production company Peteski Productions. He then launched his own syndicated daytime talk show “Dr. Phil” co-produced by Oprah’s Harpo Productions. On the show, Phil dished out advice relating to dysfunctional families, weight loss, unhappily married couples, and financial planning. It premiered to the highest ratings of a new syndicated show since Oprah’s show in 1986.
By 2005, Phil signed a 5-year contract extension with King World Productions which saw him earn $15 million annually. That figure has since surged. After suffering a period of viewership decline between 2007 and 2010, Dr Phil rose to gain its top spot. As of 2017, Dr Phil has held the #1 daytime TV spot for 6 consecutive years.
Additionally, Phil ventured into the weight-loss business. He sold energy bars, shakes, and supplements while promoting them on his show. However, criticisms from numerous sources pointed out that Phil is just a clinical psychologist and as such, lacks the expertise in weight loss prescription. This culminated in an investigation by the Federal Trade Commission and the end of his weight loss business in 2004. Phil in 2006 paid over $10 million in settlement to his product-users following a class action lawsuit. On the plus side, Phil made his debut on Forbes’ List with a pretax paycheck of $45 million making him the 22nd Highest-Paid Celebrity.
Analysis of His Salary, Net Worth, and Other Income Sources
Dr Phil earned a whopping $88 million in 2016, this was largely due to the success of his long-running TV show. For a career that has spanned as much as over 20, indeed, the TV personality has done well and is deserving of his current net worth. In addition, he has not retired so expect to see his current net worth change anytime soon. Moreso, even if he retires, Dr Phil has myriad investments that will keep adding more digits to his already fat bank account as they have been doing in the years before now.
As per Forbes, Dr Phil’s 2020 career earnings was $65.5 million. Though there are some apparent fluctuations as can be seen in the table below when compared to what he has earned in the past, the TV star remains on course to maintain his place as one of the highest-earning television hosts. Others on the list ahead of Dr Phil are Ellen DeGeneres and Ryan Seacrest.
What are the Investments Dr Phil Earns Income From?
- TV Shows
While his namesake show thrived, he established Stage 29 Productions with his son Jay McGraw. However, shows produced via the platform proved to be short-lived. Among them were “Moochers”, “Dr Phil House” and Decision House.
“The Doctors” launched in 2008 became the only exception as it premiered to high ratings. The show was in its 9th season in 2017. Phil and his son Jay have both won an Emmy Award for the behind-the-camera role on the show. Dr. Phil is also an executive producer of CBS drama, “Bull” which was inspired by his experience with his trial science firm CSI.
- Endorsement deals
His endorsement deals with AstraZeneca and AARP are highly lucrative. Despite his failure with the weight loss products, Dr. Phil continues to earn from the field but as an author.
His 2015 book “The 20/20 Diet: Turn Your Weight Loss Vision Into Reality” sold over 50,000 copies in its first week making it a New York Times Best Seller.
- Doctors on Demand
The visionary TV host in 2013 cofounded with his son Jay McGraw, the mobile application Doctors on Demand which in our age of the internet, is the fastest and easiest way to find and speak to a doctor online using any internet-enabled device. The app which is owned and managed by the company Doctor on Demand, Inc. with about 722 employees reportedly earns $194.9M as annual revenue.
- Family House and Real Estate
Dr Phil had his family home in Beverly Hills put up for sale. The 11,000 square foot mansion which they previously called home was put up for sale with $16.5 million smashed on it as price. On the flip side, they have equally bought another house – the Mediterranean Hilltop Estate, which sits on a 15,000 square foot property still in Beverly Hills – for $29.5 million.
The estate is larger than their previous home with everything in it – five bedroom suites, nine bathrooms, a living room, swimming pools, etc. But questions abound as to why the McGraw’s, which is a small family, by the way, needed such space. To Dr. Phil, the answer isn’t farfetched – the family is growing and they need to expand to accommodate everyone.
What We Know About Dr Phil’s Current Wife Robin McGraw
Dr Phil has been married to his second wife Robin Jo Jameson since 1976. The couple share two children; Jay McGraw and Jordan McGraw. Phil at the age of 20 married his first wife, Debbie Higgins McCall only to annul the marriage 3 years later in 1973. The marriage produced no child.
Robin is a distinguished TV personality and a known entrepreneur passionate and outspoken about what she does. She was born as a twin on the 28th day of December 1953 in Los, Angeles, California. Her twin brother is named Roger and they were raised alongside their sisters: Jamie, Karin, and Cindi by their parents: Jim and Georgia Jameson in Oklahoma.
For her education, she attended Emerson Elementary Schoola and later on Duncan High School. Facts about what college she attended are hard to come by but we know she began appearing on her husband’s show for a very long time offering advice on motherhood, what it means to be a wife, problems women encounter daily, and all whatnot.
Today, Robin has accomplished many things for herself and her famous family. Soe of these things apart from her well-known television appearances include:
She has a line of anti-ageing products called Robin McGraw Revelation’ in 2014 which makes and sells her specially formulated health and beauty products. The business specifically targets aged customers.
Robin has written a good number of books which include ‘What’s Age Got to Do with It? Living Your Healthiest and Happiest Life Robin McGraw‘ in 1989, ‘Inside My Heart: Choosing to Live with Passion and Purpose Robin McGraw‘ in 2006, ‘Inside My Heart Guided Journal Robin McGraw‘ in 2007, Heart of the Home for the Stay-at-Home Mom Workbook Robin McGraw‘ in 2007, ‘From My Heart to Yours: Life Lessons on Faith, Family, and Friendship Robin McGraw‘ in 2007, ‘Robin McGraw’s Complete Makeover Guide: A Companion to What’s Age Got to Do with It?‘ in 2009 and ‘Christmas In My Home and Heart‘ in 2009Launched ‘Wees Mooi Vir Altyd Robin McGraw‘ in 2011. All her books are New York bestsellers.
Is Dr Phil Getting a Divorce From His Wife, Robin McGraw?
For the past 40 years, Dr Phil and his wife Robin have been happily married to each other. In these years, they have overcome many lies rumour mongers have peddled against their family. One such rumour that repeatedly comes up about the couple is their divorce.
In recent times, social media users began asking if the celebrity couple will be separating from each other, but neither Dr Phil nor Robin has responded to the question/rumours. But taking a clue from their social media pages where they continue to post loving pictures of each other, one can easily tell that the couple is very much still in love with each other and divorce might not even be anywhere found in their minds.
However, Dr Phil has before now made it know that if he’s to go for a divorce for any reason, it’s not something to be ashamed of and in fact, it would be filed at the courthouse and he will tell his followers about it and also ask for their support and prayers.
Thus, Dr Phil and Robin are not divorced neither are they considering to divorce. The recent rumour going around about them is sadly their own share of celebrity divorce hoaxes which unfortunately is not the first for them.
|Also Known As:||Dr. Phil|
|Profession:||Television host, author, psychologist|
|Famous For:||His appearances on "The Oprah Winfrey Show" in the late 1990s and the television show "Dr. Phil"|
|Colleges/Universities Attended:||Midwestern State University,
University of North Texas
|Educational Qualifications:||B.A. in psychology, M.A. in experimental psychology, Ph.D. degree in clinical psychology|
|Birthday & Zodiac
|Age/Date of Birth:||September 1, 1950|
|Birth Place:||Vinita, Oklahoma|
|Country of Residence: ||USA|
|Eye Colour:||Light brown|
|Other Body Measurements:||Not available|
|Spouse/Partner:||Robin McGraw (m. 1976). He was for6merly married to Debbie Higgins (m. 1970–1973)|
|Family and Relatives
|Father:||Joseph J. McGraw Jr.|
|Mother:||Anne Geraldine "Jerry" (née Stevens)|
|Children:||Jordan McGraw, Jay McGraw|
|Siblings:||Two older sisters, Deana and Donna, and younger sister Brenda|
|Estimated Net Worth:||$460 Million|
|Source of Wealth:||TV show, production company|