For over two decades, Dr. Phil McGraw graced our screens as the host of his iconic daytime talk show, Dr. Phil, on CBS. Before announcing the show’s finale in February 2023, the charismatic TV personality earned a staggering salary that significantly boosted his net worth. But just a few months after bidding farewell to his daytime audience, Dr. Phil revealed a bold new business venture, proving that his journey in entertainment is far from over. Let me tell you, this guy’s not slowing down anytime soon.
So, What’s Dr. Phil’s Net Worth and Salary?
Here’s the scoop: Dr. Phil’s estimated net worth clocks in at a cool $460 million, according to Celebrity Net Worth. That’s no small change, folks. The outlet also reports that his annual salary was around $80 million. Now, while the 2022-2023 season marked the end of his legendary talk show, the Oklahoma-born psychologist remains incredibly grateful for the platform he had and the lives he touched. He’s not just walking away empty-handed; he’s taking this momentum and diving into new ventures.
“I’ve been incredibly fortunate to spend over 25 amazing years in daytime television,” Dr. Phil shared in a heartfelt statement to People back in January 2023. “Through this show, we’ve helped thousands of guests and millions of viewers navigate challenges ranging from addiction and relationships to mental wellness and parenting. This chapter of my life has been nothing short of extraordinary, but as one door closes, another opens. While I’m stepping away from daytime, there’s so much more I’m excited to explore.”
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Dr. Phil’s accomplishments don’t stop at daytime television. Over the years, he’s earned multiple Emmy Awards and even scored a star on the Hollywood Walk of Fame. Though the curtain has fallen on the CBS Dr. Phil era, he’s left a lasting legacy. In a 2016 interview with Closer, he opened up about the fulfillment he felt from his work.
“I truly believe I’m doing my best work when I can dedicate at least an hour each day to helping people gain practical insights and actionable advice they can apply to their lives,” he reflected. “That’s what keeps me going, knowing that I’m making a difference, one viewer at a time.”
In November 2023, Dr. Phil announced his return to television with a fresh project titled Dr. Phil Primetime, set to air on his own cable network.
“Guess what? I’m coming back to primetime, but not just anywhere—on a brand-new network called Merit Street Media,” he revealed in a video posted on X, formerly known as Twitter. “This isn’t just my network; it’s our network. It’s all about what matters to you, the topics you care about, and the conversations you want to have. And guess what? Dr. Phil is going to be right there in primetime.”
How Else Does Dr. Phil Generate Income?
Dr. Phil’s success extends far beyond his talk show. With over 4,000 episodes under his belt, the renowned psychologist has also carved out a niche in podcasting with two popular shows, Phil in the Blanks and Mystery & Murder: Analysis by Dr. Phil. These platforms allow him to connect with audiences on a deeper level, sharing wisdom and expertise in new formats.
As an executive producer, Dr. Phil has played a key role in the success of several television series, including The Doctors, So Help Me Todd, Bull, That Animal Rescue Show, and Face the Truth. He’s also flexed his acting muscles with appearances in films like Scary Movie 4, Curb Your Enthusiasm, and
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