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Find Out: Dr. Phil McGraw Net Worth, his showbiz empire and more!

Phil McGraw Net Worth

Early Life:

Dr. Phil McGraw was born on 1st September 1950 in Vinita, Oklahoma. He grew up in the North Texas oil fields, where his father was a dealer of supplies. His family relocated when Dr. Phil was a child so that his father could fulfill his lifetime dream of becoming a psychologist. McGraw attended the Shawnee Mission North High School in Overland Park, Kansas, USA.

He enrolled in 1968 on a football scholarship at the University of Tulsa. McGraw relocated to Midwestern State University in Wichita Falls, Texas, the following season, where he received his Bachelor of Arts degree in psychology in 1975. He received his Master’s degree in experimental psychology in 1976 and a Ph.D. from the University of North Texas in clinical psychology in 1979. McGraw worked for several years in private practice following graduation.

Career:

In clinical psychology, McGraw holds a Ph.D. but is not licensed to practice. When he began appearing on “The Oprah Winfrey Show” in the 1990s, he was a sensation. 

In 1990, CSI Courtroom Sciences, Inc was established as a company that consulted businesses and individual complainants on the negotiation of settlements. McGraw stopped the practice of psychology after beginning CSI. He kept his license up to date and in good standing until, 15 years later, in 2006, he decided to revoke it.

 In 1998, Oprah invited Dr. Phil to appear on her program. He started appearing on “The Oprah Winfrey Show” regularly as a relationship and life strategy expert on Tuesdays. Those early appearances earned him national attention and, over time, contributed to his 2002 show. Today, “The Dr. Phil Show” is still on the air and syndicated throughout the country. 

McGraw entered the business of weight loss in 2003, offering shakes, vitamins, and energy bars. The products were sold under the name of “Woo Woo, Shape It Up.” The Federal Trade Commission was soon on the case of Dr. Phil, investigating the claims that the drugs “can help you change your behavior to take control of your weight.” McGraw took his supplements off the market in March 2004, facing pressure from the FTC and the FTC dropped the inquiry. He was sued by persons who used the products and did not lose weight in a class-action case in 2005. McGraw settled the lawsuit at $10.5 million in 2006. $6 million was paid to the victims as compensation for the vitamins from the “Amway” brand.

The television show “Bull,” starring Michael Weatherly, is based on the experience of Dr. Phil during his days as a Courtroom Research, Inc. trial consultant. 

McGraw is also the author of a variety of “Life Strategies,” “Relationship Rescue,” and “The 20/20 Diet.” including the best-selling relationship and diet books.

Personal Life Of Phil McGraw:

When he was just 20 years old, McGraw married his first wife, Debbie Higgins McCall, in 1970. The marriage ended with an annulment three years later. While going through the process of terminating his first marriage, McGraw began dating Robin Jo Jameson. 

In 1976, they married and had two kids, Jay and Jordan. McGraw is also a private pilot, flying single-engine planes with an instrument rating. McGraw founded the Dr. Phil Foundation in 2003, intending to combat obesity in children.

Real Estate:

Dr. Phil and his wife, Robin, purchased a Beverly Hills home for $7 million in 2008. They listed this home in 2010 for $16.5 million. They sold it for $12 million in April 2011. 

In 2010, for $29.5 million, the McGraws purchased a large hillside home in Beverly Hills. The house is a three-acre Mediterranean-style villa, having a primary tenement of 14,000 square feet with five bedrooms and 11 bathrooms. There are a guesthouse and a pool as well.

For $6.35 million, McGraw and his wife listed another Beverly Hills house in 2011. No buyer has found this home. It was re-listed for $5.75 million in January 2020. It features a gun-lined dining room and other eclectic finishes that, if the buyers choose, can be included in the sale.

Also Read: Stanley Tucci: How did he became famous and his net worth?

Net worth and salary of Dr. Phil McGraw:

Phil McGraw has a net worth of $460 million. He makes $60-$90 million in revenue from his different projects every year and owns his program’s entire content. In reality, in return for a generous share of the advertising sales and product placement, Dr.Phil pays CBS to distribute the program. 

 

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