How rich is Dr. Phil? Net worth, career, salary

Dr Phil, a popular long-running talk show, is coming to an end. After the current 2022-2023 season, the fan-loved series hosted by its namesake Dr. Phil McGraw, after 21 successful editions are closed.

Dr. Phil Net Worth

The titular host is a $460 million dollar wealthy American TV celebrity, author, and former psychotherapist. When the daytime chat program debuted in September 2002, he was a big presence. According to PEOPLE, the host has canceled his most recent deal with CBS Media Ventures, where he was under contract for five years. Dr. Phil McGraw said in an official statement to the publication:

“I have almost 25 years of fantastic experience in daytime television. We’ve helped hundreds of guests and millions of viewers with everything from addiction and marriage to mental health and parenting. This has been a great phase in my life and work, but as I move from daylight to night there is so much more I want to achieve.”

Dr Phil

Dr. Phil McGraw’s Biography and Career

Dr. Phil was born in 1950 in Vinita, Oklahoma, and grew up in Texas. In Overland Park, Kansas, he attended Shawnee Mission North High School. The host enrolled in a football scholarship at the University of Tulsa in 1968 and then moved to Midwestern State University in Wichita Falls, Texas, where he earned a bachelor’s degree in psychology.

He received a master’s degree in experimental psychology and a doctorate in clinical psychology from the University of North Texas. After graduating in 1979, the host worked for many years as a private practitioner until he joined CSI Courtroom Sciences, Inc. in 1990. founded. The television career of Dr. Phil began regular appearances on The Oprah Winfrey Show in April 1998. Oprah first met the host when she enlisted his legal consulting firm to help her prepare for her 1998 lawsuit against a group of Texas ranchers over her meat-related claims related to mad cow disease.

The host’s presence was so successful that he began appearing on the talk show weekly as an expert on romance and life strategy. He quickly became a hot favorite, which helped him create his own program Dr. Phil in 2002 through Winfrey’s Harpo Studios. According to PEOPLE, the presenter has participated in more than 4,000 programs with more than 20,000 guests over the past two decades.

Dr. McGraw entered the weight-loss market in 2003, promoting his “Shape It Up, Woo Woo” shakes, vitamins, and energy bars on the program. The Federal Trade Commission investigated this thoroughly, leading the host to pull its supplements off the market the following year.

People who used his stuff and found no benefits also sued him. The case was settled in 2006 for more than $10 billion by the host. Dr. Phil and his son Jay McGraw co-created the spin-off series The Doctors in 2008. The program, hosted by Travis Stork, focuses on medical topics, with a team of healthcare specialists answering viewers’ questions. The program aired from 2002 to 2020. The host has also written several books on relationships, health and other topics including life strategies, the 20/20 diet and saving relationships. Steve LoCascio, head of CBS Media Ventures, commented on the host’s departure and the show’s demise:

“Phil is a valued partner and member of the CBS/King World family, and while his program may be coming to an end after 21 years, I’m pleased to announce that our connection will not.”

Dr Phil

He went on to say:

“Phil was the driving force behind one of the most popular daytime discussion programs in history. We want to be active in the Dr. Phil business with the library and welcome new partnership opportunities.”

The company also said the host would soon reveal information about a “strategic primetime relationship” that will debut in 2024. The host further said:

“I am motivated to engage with a larger audience because I am deeply concerned about the American family and am determined to help restore a sense of purpose and our essential values.”

Despite the fact that Dr. Phil is no longer on the air, the host will continue to work on his current projects, including serving as an executive producer on CBS’ So Help Me Todd, the drama series Bull, and hosting his two podcasts. , Phil in the Blanks and Mystery & Murder: Analysis by Dr. Phil.