Phillip Schofield: This is the shocking amount he earned for ITV's This Morning

After much speculation about Phillip Schofield's return, the ex-presenter has finally announced that he will be coming back to the screens. On 25 September, he revealed that he had been busy filming a three part series for Channel 5 over the summer. The new series, that is set to air from Monday 30 September to Tuesday 1 October, is about him surviving on an island in the Indian Ocean—without his 'phone, no comforts, no crew, and only a lip balm.' He said in a statement:

This is most definitely a first for me and the only thing I felt compelled to do.

It appealed to me on so many levels. I've recently had a lot of time to think about my life, what went right and what went wrong, but I've always had the safe arms of friends and family wrapped around me.

This time it's just me, no 'phone, no comforts, no crew and only lip balm as a luxury. I'm looking forward to exploring the island, trying to tie knots to secure my shelter and foraging and fending for myself in the wild … with no help.

The news comes over a year after he quit This Morning. By now most people are aware of the drama surrounding Phillip Schofield. What simply started as a rumour of a feud between him and co-host Holly Willoughby, turned out to be so much more.

Indeed it was revealed that Phillip Schofield had an affair with a much younger colleague from This Morning. Many celebrities have spoken out about the drama. Eamonn Holmes, a former This Morning host, has been very vocal about the whole situation. Piers Morgan also spoke up about Phillip Schofield’s exit.

The scandal cost Phillip Schofield his job with ITV, and his place on This Morning—a show he hosted for 21 years and earned him a considerable amount of money.

Let's take a look at how much.

Phillip Schofield’s salary on This Morning

According to the Independent, Phillip Schofield earned between £600,000 and £700,000 yearly for hosting This Morning. However, it has also been revealed that until 2017, co-host Holly Willoughby was being paid significantly less than Schofield.

Reports suggest that Willoughby was being paid £200,000 less than Schofield from when she started in 2009 until 2017 when she signed a new contract.

The Sun reported that Phillip and Holly earned £730,000 a year for their appearances on This Morning.

It is also believed that Schofield’s former co-host Fern Britton was also paid a massive £250,000 less than him until she quit in 2009.

Phillip Schofield’s net worth

According to Metro Phillip Schofield’s net worth is somewhere between £8.6 million and £9.6 million. Surprisingly, his net worth is less than Holly Willoughby’s, which is estimated to be around £11.5 million as per Ladbible.

Schofield published a book in 2020, Life’s What You Make It, and earned around £1.45 million. Phillip also earned a lot through his other ITV shows like The Cube and Dancing on Ice, which he also co-hosted with Willoughby.

Schofield also had an advert deal with We Buy Any Car which run for five years, ending in 2022, which earned him around £1 million.

Finally, Phillip owns a TV production company, Fistral Productions, with his wife, Stephanie Lowe.

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Sources used:

Independent: ‘This Morning hosts’ ITV salaries revealed as Phillip Schofield quits’

Metro: ‘How much are Holly Willoughby and Phillip Schofield worth? Net worths compared’

The Sun: ‘IN THE MONEY This Morning rich list revealed – from surprise multi-millionaire to secret property empire’