Success does not come quickly, one has to travel a long way to reach success. Same is the case with Dr. Phil. Would you like to know, What is his net worth in 2023? How did he become famous? How much does he earn per episode? Scroll down for details.
Dr. Phil’s net worth comes from many different sources of income, but most of it comes from his talk show with the same name. On January 31, 2023, he announced that the show would end after 25 seasons.
“I have been blessed with over 25 wonderful years in daytime television,” Dr. Phil McGraw revealed in a statement to PEOPLE. “With this show, we have helped thousands of guests and millions of viewers through everything from addiction and marriage to mental wellness and raising children. This has been an incredible chapter of my life and career, but while I’m moving on from daytime, there is so much more I wish to do.”
The show fired 25 people before the start of Season 21. There are rumours that McGraw is planning to move into primetime television in a different role. Find out how much money Dr. Phil McGraw has now that his hit show is over.
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Let’s Start With Dr. Phil Net Worth 2023
Dr. Phil McGraw is a very successful person in the entertainment industry. His estimated net worth is $460 million. After a long and successful career in daytime TV, he just told CBS Media Ventures that his contract is coming to an end. During his time on TV, Dr. Phil helped a lot of people deal with a wide range of problems and make their lives better.
Over the course of 25 years, he became a leader in the fields of psychology and media, and his influence is likely to last even after his contract is up. Even though this is changing, Dr. Phil’s legacy and the effect he has had on the lives of those he has helped will likely last for many years.
How Much Does Dr. Phil Get Paid for Each Episode?
Dr. Phil McGraw’s income per episode can change based on advertising revenue, of which he gets 50%, and product placement fees, which can change based on the guests and topics of each episode.
So, if he makes $50 million a year just from advertising on the show, and there are 162 episodes a year, he makes $308,641.97 per episode. Earlier seasons almost certainly paid a lot less, though.
How Did Dr. Phil Become Famous?
Most of Dr. Phil McGraw’s success is due to Oprah Winfrey, who is worth a billion dollars, but his story of success began decades ago. After he and his father worked as psychologists in private practise in Wichita Falls, Texas, they started Pathways self-help seminars in 1985 with a local businesswoman named Thelma Box. McGraw sold his share of the company for $325,000 six years later.
McGraw and attorney Gary Dobbs started a trial consulting company called Courtroom Sciences Inc. (CSI) in 1990. The business was a huge success, and he met Winfrey through his work with CSI, whose clients also included major airlines and Fortune 500 companies.
Winfrey hired CSI in 1995 to help her get ready for her successful Amarillo, Texas beef trial. She liked his work so much that after the case was over in 1998, she had him on her show. He was such a hit that he started coming on every week to give relationship and life advice to her viewers. Four years later, McGraw started Peteski Productions and put Dr. Phil on the air under Harpo Productions, which was run by Winfrey.
Will Dr. Phil’s Show End Soon?
Dr. Phil McGraw’s long-running talk show is coming to an end, but the 72-year-old host will keep working with CBS, the network that airs the show. Steve LoCascio, the President of CBS Media Ventures, says that Dr. Phil is an important part of the CBS/King World family, and that their relationship won’t end when the show does.
After the last season, CBS plans to show reruns of the show, which may include new introductions and information about some of Dr. Phil’s past guests. LoCascio also said that CBS plans to keep making “Dr. Phil” shows through the library and is excited to work with the famous host in the future.
What The Children Remember:
Was Mommy Murdered?
— Dr. Phil Podcast (@DrPhilPodcast) January 29, 2023
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