How Dr. Phil Achieved a Net Worth of $400 Million

Dr. Phil is the nickname of Philip McGraw, who tends to be best-known in modern times because of his TV show. After all, Dr. Phil started up in 2002 and has continued running to the present, so it should come as no surprise to learn that its viewership numbers can still be counted in the millions. As such, it is no wonder that Dr. Phil’s current net worth has sometimes been estimated to be around $400 million.

For those who are curious, Dr. Phil was born in Vinita, OK. However, he spent much of his childhood in North Texas where his father worked as an equipment supplier, though in time, he and the rest of his family moved so that his father could pursue a lifelong dream of becoming a psychologist. As a result, once Dr. Phil had acquired his actual doctorate in clinical psychology, he headed to Wichita Falls, TX where his father had already established his practice.

How Did Dr. Phil Reach His Current Net Worth?

In time, both Dr. Phil and his father teamed up with a successful businesswoman named Thelma Box to launch something called Pathways seminars. It is interesting to note that much of his later material came from this particular source, which is something that Dr. Phil has acknowledged when asked about it but has never admitted to in either his books or his show. Regardless, the Pathway seminars are far from being the sole venture that Dr. Phil has been involved in, as shown by his work with a trial consulting firm called Courtroom Sciences, Inc. If some people are wondering, there is indeed a connection between Bull and this particular period in Dr. Phil’s life, though the connection is not a particularly strong one to say the least.

Eventually, Dr. Phil became acquainted with Oprah because Courtroom Sciences, Inc. was hired for her Amarillo Texas beef trial, which so impressed Oprah that she chose to invite him onto her show. His initial appearance proved to be so successful that Dr. Phil turned into something of a regular, which played an important role in making his own show possible. By September of 2002, Dr. Phil was ready to go, thus resulting in the show of the same name that is still being broadcast in the present.

Dr. Phil has received a lot of criticism over the course of its existence. For example, it should be mentioned that Dr. Phil no longer has a license to practice psychology. As such, there are a lot of actual psychologists who have questioned the legality of his show, seeing as how it is illegal to practice psychology in the state of California without the necessary license. Likewise, it should be noted that the opinions of most professional psychologists about the kind of help offered on Dr. Phil can be summed up as being somewhere between very simplistic and very irresponsible. Never mind the fact that Dr. Phil has been known to promote products of dubious usefulness with the same readiness as Oprah in her time.

Still, while these complaints have contributed to a public opinion of Dr. Phil that isn’t wholly positive, none of them have managed to prevent his show from continuing on. As such, Dr. Phil continues to earn huge sums because of it, with one report stating that he had a salary of $79 million in 2017. Based on this, the estimates of his current net worth become much more understandable.

Final Thoughts

There will come a time when the show Dr. Phil comes to an end. After all, the man is in his late 60s, meaning that there will come a time either he is either unable or unwilling to continue it. However, Dr. Phil shows no signs of stopping in the near future, meaning that interested individuals can expect him to continue making huge sums of money because of it. Combined with the rest of Dr. Phil’s revenue-earning activities, it seems safe to say that his current net worth will continue to grow and grow, so much so that it will be interesting to see how much further it can go in the years and years to come.


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