Phil McGraw Net Worth
Phil McGraw Net Worth is
$100,000
Phil McGraw Bio/Wiki, Net Worth, Married 2018
McGraw first attained star status with appearances on “The Oprah Winfrey Show” in the late 1990s. Winfrey was so impressed with McGraw that she thanked him for her success in that case, which finished in 1998. Shortly after, she encouraged him to appear on her show. His appearance proved so successful that he started appearing weekly as a relationship and life strategy pro on Tuesdays beginning in April 1998. Another year, McGraw released his first bestselling novel, Life Strategies. In another four years, McGraw released three added bestselling relationship novels, along with workbooks to complement them. The structure is an advice show, where he handles another theme on every show, offering guidance for his guests’ problems. In 2003, McGraw entered the weight loss company, selling shakes, energy bars, and nutritional supplements. These products were marketed on his show with his sisters Deana and Brenda and nephew Tony among the featured reviews on the show. These products’ labels, which carried the brand name “Shape It Up, Woo, Woo!”, said: “These products contain scientifically researched levels of ingredients which will allow you to alter your behavior to manage your weight.” This met with swift criticism from various sources, accusing McGraw (a clinical psychologist, and not a doctor) of lacking the expertise to advocate weight loss products. Facing a Federal Trade Commission investigation into Shape Up’s claims, McGraw drawn his nutritional supplements off the market in March 2004, as well as the FTC dropped its probe. In October 2005, several individuals who used McGraw’s merchandises declared an intention to file a class-action lawsuit against him, asserting that although the nutritional supplements cost $120 per month they didn’t spark weight reduction. A few of the resolution ($6 million) may be paid to the plaintiffs in the type of Amway (Quixtar) brand Nutrilite vitamins. The novel probes McGraw’s history, with interviews of his childhood friends and former classmates. The publication reports that McGraw supposedly used unethical business practices in a health club company early in his career, that he was supposedly violent to his first wife and also to his staff, while noting that he conquered hardship through setting targets and was relentless in reaching success. The novel received no promotional help from McGraw or his associates. In 2005, McGraw released another bestselling novel, Family First, plus a workbook. He also signed a five-year expansion of his syndication deal with his show’s vendors, King World Productions, Inc.