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.
On a football scholarship, he enrolled at the University of Tulsa in 1968. He was a linebacker in the middle. 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 PhD in clinical psychology in 1979. McGraw worked in private practice for several years after graduating.
Dr Phil McGraw's net worth and salary are as follows:
Dr Phil McGraw is an American television personality, author, and former psychologist with a net worth of $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 PhD but is not licenced to practise. 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.
In 1990, he launched CSI Courtroom Sciences, Inc., a firm that provided settlement advice to businesses and individual litigants. McGraw stopped practising psychology after joining CSI. He kept his licence up to date and in excellent standing until 2006 when he decided to retire it after 15 years.
Oprah recruited Phil's firm to help her with a libel lawsuit she was facing in 1995 after she made disparaging remarks about beef on her show in regard to mad cow disease. In 1998, Oprah requested Dr Phil to appear on her show. His performance was so successful that he began appearing weekly as a relationship and life strategy expert on “The Oprah Winfrey Show” on Tuesdays.
Those early appearances earned him national notoriety and acclaim and eventually led to the launch of his own show in 2002. “The Dr Phil Show” is still on the air and is syndicated across the United States. Oprah's Harpo Studios produces “The Dr Phil Show.”
McGraw entered the weight-loss industry in 2003, selling shakes, supplements, and energy bars. On his show, his sisters 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 take control of your weight” were quickly investigated by the Federal Trade Commission. McGraw removed his supplements off the market in March 2004 when the FTC launched an investigation into him.
People who took his goods but didn't lose weight sued him in a class-action lawsuit in 2005. McGraw agreed to settle the claim for $10.5 million in 2006, with $6 million going to the plaintiffs in the form of Amway brand vitamins. In 2008, Dr Phil and his son Jay McGraw developed the “Dr Phil” spinoff “The Doctors,” which was produced by Dr Phil and his son Jay McGraw.
Since “Dr Phil” was spun off from “The Oprah Winfrey Show,” it is the first third-generation show spinoff. Travis Stork, an ER doctor and former “Bachelor” contestant, hosts the episode. “The Doctors” is a medical show that features a team of doctors discussing health-related topics and answering questions from viewers who are too ashamed to ask their own doctors. On September 8, 2008, it made its premiere.
Dr Phil's experience as a trial consultant for Courtroom Science, Inc. is the basis for the television show “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.
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 dating 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 private pilot who flies single-engine planes and has an instrument rating. McGraw established the Dr Phil Foundation in 2003 with the goal of combating paediatric obesity.
Highlights of the Salary:
Dr Phil is one of the highest-paid television celebrities thanks to syndication. He was worth $88 million per year at his height. He earned $45 million in 2006. His earnings dropped to $30 million in 2008. He made $80 million in 2011. He earned $64 million in 2012. He earned $72 million in 2014.
He earned $77 million in 2014. $70 million in 2015. He earned $88 million in 2016. In 2017, he earned $79 million, and in 2018, $77.5 million. His annual income from the show alone is over $80 million as of 2019. He did, however, make $95 million between June 2018 and June 2019.
Commercial Real Estate:
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 home was unsuccessful in finding a buyer. They re-listed it for $5.75 million in January 2020. It has a gun-lined dining room as well as other unique finishes that can be included in the sale if the buyer so desires.