Phil McGraw Net Worth, Money and More

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America’s well known psychologist, Phil McGraw, commonly known as Dr. Phil is one of the most renounced mental health professional in the world. Born on September 1st, 1950 in Vinita, Oklahoma, he is the son of Dr. Joseph J. Joe McGraw, Jr who is a famous psychologist. Apart from being a psychologist, Dr. Phil is also a television personality and author of a “Life Code” and “Love Smart: Find The One You Want – Fix The One You Got”. His books have sold over millions of copy. He started his career as a psychologist by working with his father for over 10 years.




Phil McGraw graduated in 1975 from Midwestern State University with a bachelor degree in psychology. He went on to earn a master’s degree in experimental psychology in 1976, and a Ph.D. degree in clinical psychology in 1979 at the University of North Texas. After working with his father for 10 years, in 1989 he co-founded the Courtroom Sciences Inc. He was working as a clinical psychologist and a self-help guru when Oprah Winfrey hired him. His frequent visits on The Oprah Winfrey Show led to his bestselling books and soon he started his own syndicated show known as “Dr. Phil”. After the successful implementation of his television show, in 2003, Phil entered the weight loss business where he concentrated on selling energy bar, shakes and supplements.

dr phil



Dr. Phil is not just a well-known psychologist but is one of the richest psychologist too. His net worth according to the Forbes magazine as of 13th June, 2013 is $72 Million. Moreover, he has written four books which have been extremely successful. One of his books, “The Ultimate Weight Solution: The Seven Keys to Weight Loss Freedom”, which earned him a $10 million advance.


2007: $40 Million

2008: $80 Million

2009: $80 Million

2010: $80 Million

2011: $240 Million

2012: $200 Million

2013: $72 MILLION

In the year 2011, Phil’s annual salary itself was $70 Million. His television show drew six million daily viewers. One of the reasons his television appearance has been successful is because he urges people to get real about their lives and provides solutions to deal with emotional disorders.

phil mcgraw money



In 2010, Phil shelled out $30 Million to buy a house in Beverly Hills that looks like a recreation of the Alamo. It’s a villa on a land of three acres and the house is of 14000 square feet. The house consists of five bedrooms, eleven baths, a guesthouse and a pool. That’s a lot of space for a couple and their two sons.





Dr. Phil’s old house, a Mediterranean hilltop mansion, is spread over 11000 square feet with eight bedrooms and nine baths. It comprises of a formal dining room, a screening room, double height living room, beauty salon, media room, well equipped colossal kitchen, custom fitted dressing rooms, breakfast room featuring mirrored walls, and a spacious dining area. The marvellous house has dual staircases and a home fitness center. He spent $11 Million on this house and has put it up for sale for a price of $16.5 Milliion.

beverly hills home


In 2001, McGraw went and purchased a black beauty. McGraw owns a 2001 Gemballa Porsche 911 Turbo, featuring an upgraded performance suspension, which was reported to be on an auction. Turbo comes equipped with a 3.8-liter turbo engine. The black beauty features a mind blowing exterior design along with stunning interiors. The incorporated state of the art suspension ensures a comfy ride while its dominant brakes deliver enormous stopping power. When on road, this car sure makes it known to people.

911 turbo



In 2002, Phil decided to upgrade his status. He went and bought a 2002 Ferrari 360 Spider, which is titanium in colour and has a blue convertible top. The car has chrome wheels, easily adjustable suspension, smooth steering system and powerful brakes. The spacious interiors comprises of comfortable seats which offers a relaxed position. It is said that the Spider car was on auction when Phil bought it. The car has a 3.6-liter V8 engine and gives amazing performance.

ferrari 360




Phil McGraw started the Dr Phil foundation to improve the lives of youth. This foundation is in partnership with other charities and institutions to ensure that its goals of providing a better life and brighter future to the youths are succesful. The charity offers the basic services to the youth i.e. safe and decent housing, proper education and job training and medical health services. A sound and safe environment is provided for the students to develop mentally and physically.


Phil supports the Nancy Davis Foundation for Multiple Sclerosis founded by Nancy Davis for healing and immense car of Multiple Sclerosis.


McGraw began dating Robin Jo Jameson, when he was annulling his first marriage.The couple then had two children, Jay and Jordan. Jay McGraw, has pretty much followed his father’s step by publishing books aimed at teenagers. He along with his father’s help started the television show “The Doctors”. Jay decided to tie the knot with Erica Dahm one of the famous playboy playmate triplets. Despite been against pornography, Phil was the best man at his son’s wedding.

Beverly Hilton Hotel

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