Phillip Schofield: Net Worth

By Dan Strayer

15th April 2020

Phillip Schofield Net Worth

For presenters and television figures, repeat exposure can drive net worth even higher. In that sense, few can match Phillip Schofield’s popularity.

Schofield turned 58 on the 1st of April. However, despite recent personal life complications, he is showing no signs of slowing down.

That is a remarkable notion given his early start at 15 with a hospital radio station. Soon after at 17, he became a bookings clerk with BBC Radio. At that time, he was the broadcast giant’s youngest employee.

Phillip Schofield net worth may hinge on whether he keeps his marriage to wife Steph together
SOURCE: File Photos

Working his way up through BBC children’s programming and becoming one of the UK’s most sought after celebrities, he met Steph and married her in 1993.

So what’s the figure?

Since moving on to commercial television with ITV, Schofield’s net worth has become tabloid fodder.

Some sources place Phillip Schofield net worth as high as eight-figures. In fact, Hello magazine said it was around £9.8 million. That figure is driven primarily by a £600,000 salary annually from his regular hosting gig on This Morning. 

By contrast, Spears places his net worth figure at a more conservative £8 million.

On This Morning

Though his hair has greyed, Schofield’s presence continues to shine. Today, Schofield is known nationally as one part of the hosting tandem for the ITV morning show This Morning. Consequently, he works frequently with co-host Holly Willoughby.

Their tenure on the programme spans more than 10 years as of May 2019. Previously, Schofield became a fixture alongside former co-host Ferne Britton.

Phillip Schofield's net worth is linked inextricably with his time on This Morning
Source: File Photos

A high profile show produces high profile content. Moreover, it’s highly-trafficked and can even end up being controversial.

Meghan Markle

In January 2020, Meghan Markle and Prince Harry’s defection from Royal responsibilities was a frequent topic on This Morning.

Matters of racial tension flared up in the course of discussing the future of the couple. Schofield faced criticism for admitting he didn’t recognise its existence.

“I’ve been reading some criticism, but I haven’t personally read anything that I could say was based on racism.”

Dr Shola Mos-Shogbamimu, citing the “exhaustion” minorities felt in citing racism’s existence, was not having it.

“This is part of the problem. Let me explain what racism looks like from the lens of white privilege. White privilege whitewashes racist and inflammatory language as unconscious bias.

“It perpetuates the bigotry of intolerant white people as ignorant. It defends and protects their private views once spoken as misspeak, and then it camouflages racist behaviour as error of judgement.”

The TV show’s critiques are not isolated to Holly or Phillip Schofield’s estimated net worth alone. With Eamonn Holmes and (to a much lesser extent) Ruth Langsford taking a weekly seat on the This Morning couch, complaints often follow.

Unintended comedy

On the flip side, another TV show staple is spontaneous moments of laughter on This Morning. For Phillip and Holly in particular, This Morning’s comedic moments heading into a segment are legendary.

Singing on the West End stage

There are loads of ways presenters and media personalities can supplement their net worth. One way of doing it is on the stages of London’s West End. Famously, Schofield pursued that path when he played Joseph in Joseph and the Amazing Technicolour Dreamcoat.

Driving those West End credentials are his singing credentials. Schofield released a version of the famous Joseph song ‘Close Every Door’. On the UK singles chart, Close Every Door reached number 27 after the single was released in the late 198os.

Phillip Schofield is married with two grown daughters
Source: File Photos

What other gigs help determine his celebrity net worth?

In addition to British television institutions like This Morning, Schofield’s television presence reaches even further. Today he also serves as a co-host of reality television game show Dancing On Ice for ITV. He’s also appeared on other shows including:

  • Children’s BBC
  • National Lottery Winning Lines
  • The game show 5 Gold Rings

Additionally, Schofield is a fixture for fronting other TV shows like All Star Mr. and Mrs. and The Cube.

Schofield reveals: I’m Gay

Prior to the Covid-19 pandemic, Schofield may have been one of the biggest stories to date in 2020. What makes his coming out even more impactful is that he did so after 27 years of marriage to his wife Steph, 55.

In an emotional revelation in February on This Morning, Schofield revealed to the world that he was gay. First came his revelations on Instagram (as tweeted by the This Morning Twitter account):

Then came his appearance on the show:

“I sat them down and I told them. And they jumped up and they gave me a hug, a big hug, a long hug. And then they [the children] hugged Steph and they said it’s OK, we’ll be OK, we’ll always be a family.”

“There’s no question that it causes pain and it causes upset. It wasn’t easy but they are so amazing in their love and support… I’ve no secrets. We’ve never had any secrets.”

Source: File Photos

The net worth impact

What will be the effect of Schofield’s revelations on his net worth? The effects of a divorce can be significant, but there have been few hints of it thus far between Phillip and Steph. Moreover, some news outlets found it telling that Phillip wore his wedding ring for his This Morning revelation.

But even after 27 years of marriage, new revelations can challenge the status quo. If something new comes along, then the size of Phillip Schofield’s net worth can change in an instant.

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