Dr. Phil’s youngest son purchased a luxurious 6,500 square foot Beverly Hills mansion on the same day the Small Business Administration reported that the TV host’s production companies received as much as $7 million from the Paycheck Protection Program – the federal assistance plan designed to keep small businesses afloat during the coronavirus economic crisis.
Page Six reported that Dr. Phil’s Peteski Productions received a PPP loan, an incentive created to keep workers on their employer’s payroll, valued between $2 to $5 million. Stage 29 Productions, the business he operates with eldest son Jay McGraw, was awarded a loan between one and two million dollars. The companies produce CBS’s top-rated Bull, medical talk show The Doctors, tabloid syndicate Daily Mail TV, and namesake mainstay Dr. Phil.
Jordan McGraw, who is engaged to E! host Morgan Stewart, made the ostentatious $10 million purchase in Beverly Hills’ swank Trousdale Estates neighborhood. The house features a wooden wet bar, plunge pool and spa, an enormous Italian tile fireplace, an outdoor kitchen, and gated security walls.
Dr. Phil’s son bought the lavish mini-estate for cash, and while the transaction is in no way connected to the PPP loans, the coincidental timing makes the purchase seem distasteful… Particularly when it occurs on the same day it was revealed that the companies owned by McGraw’s famous father received millions in government relief funds.
Dr. Phil is no stranger to controversy. In April he came under fire for criticizing stay at home orders and questioning the mental health effects of quarantine. This is just the latest event in a professional career filled with lawsuits, scandals, and social media apologies.