Dr. Phil McGraw net worth: Phil McGraw, better-known as Dr. Phil, is an American TV personality, author and former psychologist who has a net worth of $240 million and an annual salary of $70 million. Dr. Phil was born in Vinita, Oklahoma in January, 1950, but currently resides in Beverly Hills, California. In his youth, Dr. Phil won a football scholarship to the University of Tulsa where he played middle linebacker. He was on the team when it lost to the University of Houston by the score of 100-6, one of the most lopsided scores in NCAA history. In 1990, he founded CSI (Courtroom Sciences, Inc.) an organization that advised corporations and individual plaintiffs on how to achieve settlements. The company was hired by Oprah Winfrey which led to his appearances on her show. Those early appearances brought him national recognition and fame and, over time, led to his own show. Dr. Phil has also written four books, all of which have been commercially successful. He often appears as a guest on other shows when not working on his own show.