How is The Net Worth of Dr. Phil a Whopping $460m?

Dr. Phil is a television personality and medical doctor with a net worth of $460 million.

Net Worth$460 Million
Source of WealthTelevision
Date of BirthSeptember 1, 1950
Height6’3 ft / 190.5 cm
Place of BirthVinita, Oklahoma
Star SignVirgo
PartnerRobin Jameson

The Usual Intro

Phil McGraw, better known as Dr. Phil, has had one of the most extensive medical careers on television. Known for listening to and diagnosing his patients on live air, Dr. Phil has made millions of dollars with his top-rated television show. Dr. Phil is worth about $460 million today.

Dr. Phil received backing from Oprah Winfrey and began his television career in psychology. He has advised hundreds of thousands of people, and his show remains one of the most popular advice television programs running. Despite some controversy, Dr. Phil continues to make money and help people.

Before the Spotlight

Phil McGraw was born in Oklahoma in 1950. McGraw had three sisters and lived a relatively everyday life. However, the family moved several times as Joseph McGraw, Phil’s father, changed jobs multiple times. He watched his father work hard in the Texas oil fields before pursuing his dream of becoming a psychologist.

Although McGraw was accepted to college on a football scholarship, he followed in his father’s footsteps and graduated with a degree in psychology. His father’s hard work inspired him to get a doctorate in psychology, studying at Midwestern State University and North Texas State University.

The Journey to Success

Dr. Phil graduated with his doctorate in psychology in 1979. For the early years of his career, he worked with his father in Wichita Falls at a private psychological practice. However, both father and son wanted more than clinical psychology and soon turned their attention to self-help tapes and more extensive endeavors.

In 1990, Dr. Phil McGraw co-founded Courtroom Sciences, Inc, a professional consulting firm for law firms and businesses. Although he is no longer a part of CSI, Dr. Phil’s influence made the company extremely successful. It was through his work with CSI that Dr. Phil became acquainted with Oprah.

After successfully helping Oprah win a case in 1998, she invited him to be a guest on her show. It was a popular segment, and he was soon invited back for a regular self-help segment. He was a normal part of her show from 1998 until she helped him start his show in 2002. Soon after, his show became almost as popular as Oprah’s.

Since 2002, Dr. Phil has been running his highly successful talk show, Dr. Phil. He has also hosted several spin-off shows, guest-starred on other talk shows, and continued collaborating with Oprah. Dr. Phil also began a program for telehealth access called Doctor on Demand. He has not renewed his clinical license since 2006.

The Best Moments

Dr. Phil has had an exceptionally successful career. Here are some highlights:

  • 1979 – Worked with his father
  • 1990 – Founded Courtroom Sciences, Inc.
  • 1998 – Met Oprah, guest starred on her talk show
  • 2002 – Started his talk show, Dr. Phil

The Private Side

Dr. Phil has had an incredibly successful career, but his personal life is not without issues. His first wife, Debbie Higgins McCall, accused him of infidelity and domineering tendencies before ending the marriage after three years. Dr. Phil married his second wife, Robin Jo Jameson, in 1973.

Phil McGraw is a licensed pilot and enjoys flying single-engine airplanes. He has two children, both of whom are grown and have their own families. However, the most significant issues facing Dr. Phil’s personal life are related to his professional career and reputation as a celebrity psychologist.

Although Dr. Phil has not had any large scandals, many psychologists and mental health professionals accuse his methods of being simplistic and dangerous. Studies have shown that many people are more likely to seek help after seeing Dr. Phil deal with similar issues on his show, but other medical professionals have criticized him.

Dr. Phil has also been involved in multiple lawsuits, from defamation to sexual assault claims. Although he has been on the receiving end of several false claims, he has also been successfully sued for violating clients’ rights. Many critics believe he should have continued to renew his psychology license instead of dropping it in 2006.

Dr. Phil Youtube Video

Here is a recent video from Dr. Phil’s show, which depicts an entire episode of his advice show.

Famous Quotes of Dr. Phil

Here are some famous quotes from Dr. Phil relating to psychology and fame:

1.) “When you allow a person’s words to upset you, you’re giving away your power.”

2.) “We teach people how to treat us: you either teach people to treat you with dignity and respect, or you don’t. This means you are partly responsible for the mistreatment you get at the hands of someone else. You shape others’ behavior when you teach them what they can get away with and what they cannot.”

3.) “Forgiving someone doesn’t mean that you’re saying what they did was okay.”

The Social World

Dr. Phil uses social media to spread the news about his upcoming projects, advice, and episodes. Here are his social media statistics and links:

Lessons for Entrepreneurs

Dr. Phil constantly gives advice and helps the guests on his show. However, he has achieved great success on his own. Here are some lessons we can learn from him.

  • Follow your dreams, and don’t be afraid to branch out and try new things.
  • Use your passion for helping people and doing good in the world.
  • Don’t let the negative words people say about you get to you.
  • Practice what you preach and become as healthy as possible.

The Unusual Stuff

Here are some interesting facts about Dr. Phil that you might not have known.

  • Dr. Phil has written four books, all about psychology and self-help.
  • Dr. Phil has produced several spin-off shows, including a performance with house calls.
  • Dr. Phil has not renewed his license because he technically does not practice psychology on his show.
  • Dr. Phil’s Doctor on Demand program focused on telehealth and expanded during the Covid-19 pandemic.

Answering Frequent Questions

Here are some frequently asked questions about Dr. Phil and their answers.

Is Dr. Phil a real doctor?

Dr. Phil earned a psychology doctorate from the University of Northern Texas in 1979. However, his license expired in 2006, and he hasn’t renewed it as he does not practice psychology on his show.

Did Dr. Phil get his license taken away?

Every state has different requirements for a psychology license. Dr. Phil’s original license was in Texas, and when it expired in 2006, he was living in California. He decided not to renew it through Texas, and California decided that he didn’t need it, as he wasn’t practicing medicine.

Is Dr. Phil ending?

Dr. Phil has run successfully since 2002. However, the latest contract will end in May 2023 and is not set to renew. Unless another agreement is signed before May, Dr. Phil will end his show next year.

The Closing Remarks

Dr. Phil is likely the most famous psychologist currently living. He has made over $460 million on his popular advice show. Despite criticism from professionals, Dr. Phil’s show remains one of the most popular on television, and his ratings have not diminished. He has continued to advise people in need.

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Asad Elahi

Asad Elahi is a personal finance expert and author with over 5 years of experience in the industry. He has written extensively on topics such as saving, investing, and building wealth, focusing on helping individuals achieve financial independence. His work has been featured in major publications such as Forbes and The Wall Street Journal, and he is a regular contributor to financial websites and blogs.