Net Worth Ranker
What Is Dr. Phil McGraw’s Net Worth?
Dr. Phil McGraw, widely known as Dr. Phil, boasts a substantial net worth estimated at $460 million as of 2025. This impressive figure is primarily attributed to his successful career as a television personality, author, and his ventures in the media and entertainment industry. A significant portion of his wealth comes from his ownership of his show’s content and strategic financial arrangements.
Dr. Phil’s Earnings and Financial Ventures
Dr. Phil’s annual earnings fluctuate between $60 million and $90 million, derived from his numerous business endeavors. Notably, he retains full ownership of “The Dr. Phil Show” content. Instead of receiving a direct payment from CBS, he pays the network for distribution rights. This unique arrangement allows him to secure a larger share of the advertising revenue and product placement profits generated by the show. Dr. Phil also holds executive producer credits for “The Bull” and “The Doctors,” further contributing to his income. His co-founding of the telemedicine app, Doctors on Demand, represents a diversification of his investments and revenue streams.
Examining Dr. Phil’s earnings across various years provides a clearer picture of his financial success. In 2006, his income reached $45 million. By 2011, his earnings had surged to $80 million. While there was a slight dip to $64 million in 2012, he rebounded to $72 million in 2014 and $77 million in 2015. In 2016, Dr. Phil achieved a peak income of $88 million. Subsequent years saw earnings of $79 million in 2017 and $77.5 million in 2018. Between June 2018 and June 2019, his income soared to $95 million. More recently, in 2020, Forbes estimated his earnings at $65.5 million. His annual income from “The Dr. Phil Show” is approximately $80 million.
Career Milestones and Show Development
Dr. Phil McGraw’s career began in clinical psychology. He holds a Ph.D. in clinical psychology obtained in 1979 from the University of North Texas. Although he is not currently licensed to practice, he initially worked in private practice after graduation. In 1990, he founded Courtroom Sciences, Inc. (CSI), an organization specializing in advising corporations and individual plaintiffs on achieving settlements. While he ceased practicing psychology after founding CSI, he maintained his license until 2006, when he chose to retire it.
A pivotal moment in his career occurred in 1995 when Oprah Winfrey hired CSI to advise her during a libel lawsuit. Impressed by his expertise, Oprah invited Dr. Phil to appear on “The Oprah Winfrey Show” in 1998. His weekly appearances as a relationship and life strategy expert proved highly popular, laying the groundwork for his own show. “The Dr. Phil Show” debuted in 2002 and ran for 21 seasons until its conclusion in February 2023. The show was produced by Oprah’s Harpo Studios.
In 2003, Dr. Phil ventured into the weight-loss industry with the launch of shakes, supplements, and energy bars marketed under the name Shape It Up, Woo Woo. The Federal Trade Commission (FTC) investigated claims made about the products’ effectiveness in promoting weight loss. In March 2004, McGraw removed the supplements from the market, leading the FTC to drop the investigation. A class-action lawsuit was filed against him in 2005 by individuals who used the products without achieving weight loss results. In 2006, McGraw settled the lawsuit for $10.5 million, with $6 million paid to the plaintiffs in the form of Amway brand vitamins.
Expanding his media presence, Dr. Phil launched the spinoff show “The Doctors” in 2008, produced in collaboration with his son Jay McGraw. The show focuses on health and medical issues, featuring a team of medical professionals who discuss health-related topics and address viewer questions. The television show “Bull,” which premiered in 2016 and starred Michael Weatherly, was based on Dr. Phil’s experiences as a trial consultant for Courtroom Science, Inc., with Dr. Phil credited as one of the series’ creators. In 2021, “House Calls with Dr. Phil” aired on CBS, where McGraw visited families in their homes to offer advice on their lives.
Dr. Phil’s Real Estate Portfolio
Dr. Phil and his wife, Robin, have made significant investments in real estate. In 2008, they purchased a Beverly Hills home for $7 million. They initially listed the property for $16.5 million in 2010 but ultimately sold it for $12 million in April 2011. In 2010, the McGraws acquired a large hillside home in Beverly Hills for $29.5 million. The Mediterranean-style villa spans three acres and features a 14,000-square-foot main house with five bedrooms and 11 bathrooms, a guesthouse, and a pool. In 2011, they listed another Beverly Hills house for $6.35 million. The house was re-listed in January 2020 for $5.75 million, featuring a gun-lined dining room and other distinctive finishes that could be included in the sale.
