Dr. Phil McGraw Net Worth: $300 million
Phillip Calvin McGraw, popularly known as Dr. Phil McGraw, is the main host of the television show of the same name that started in 2002. He is a psychologist, an author, and a television host. Presently, Dr. Phil McGraw’s net worth is about $300 million. He is the son of a psychologist and when he finished his doctorate in clinical psychology, he joined his father in Texas to manage their own psychology clinic. Both of them later joined Thelma Box in Pathways, whom Phil is allegedly quoting in his books without credits. In 2009, he earned about $80 million and he sold his stock in Pathways seminars for $325,000. He then retired as a psychologist and co-founded Courtroom Sciences, Inc. (CSI) with Gary Dobbs. Through CSI, he met Oprah Winfrey and gained exposure in her show. Shortly after that, he launched his own show, Dr. Phil.
How did Phil McGraw make his money?
McGraw is one of the top ranked millionaires in Forbes because of his investments. He hosts his own show and has published several books. He invested in weight loss products. In fact, he founded the charitable foundation called Dr. Phil Foundation. He has been helping children suffering from obesity and has been supporting other charitable organizations in addressing spiritual, emotional, and monetary needs of families. With his million dollar earnings, he was able to buy properties, including a $16.5 million home in Beverly Hills. This has become an addition to his assets along with other properties, including another home in Los Angeles. He also has expensive cars that are worth hundreds of thousands of dollars.
Though Dr. Phil has faced a lot of criticisms and lawsuits because of his unprofessional approach to clinical psychology, it doesn’t stop him from striving.