Phillip Schofield’s world has continued to unravel in the aftermath of the scandal that shocked viewers, ended a TV era and left his once-glittering career in tatters — with new figures now revealing just how dramatically his earnings have fallen.
Phillip and Holly Willoughby were once considered daytime television’s golden duo, co-hosting This Morning side by side for 14 years, from 2009 until 2023. But that long-running partnership came to an abrupt and explosive end when revelations emerged about Phillip’s affair with a young production runner.
While Schofield first met the individual when they were a 15-year-old drama school student, it was later revealed that the relationship did not begin until years afterwards — during a period when the presenter was married to his wife, Stephanie Lowe. The revelations triggered widespread public outrage and marked one of the biggest scandals in daytime TV history.
In the fallout, Phillip stepped away from This Morning and has remained largely out of the spotlight ever since. Aside from a widely criticised appearance on the survival-style reality show Cast Away in 2024, he has avoided public life, leaving viewers questioning whether he would ever return to television — or repair his fractured relationship with Holly.
Nearly two years on from the dramatic fallout, new financial figures suggest the long-term impact on his career has been severe.
Figures reported by MailOnline in 2025 revealed that Phillip earned just £20,000 in 2024 — a stark contrast to the seven-figure salary he once commanded during his ITV heyday. Company records show that his business paid only £3,947 in tax for the year ending November 2024, pointing to a dramatic decline in income.
Although the company remains active on Companies House, its Google profile now lists it as “permanently closed”. Despite this, filings indicate the business still holds net assets of £2.1 million, highlighting a complex financial picture amid his professional downfall.
The former presenter shares two adult daughters, Molly and Ruby Lowe, with wife Stephanie. Despite the scandal, his family have remained publicly supportive, standing by him following his on-air admission that he is gay — a moment that once drew sympathy from viewers before the later revelations emerged.
Meanwhile, Phillip and Holly — once inseparable on screen — are believed to no longer be in contact, marking a quiet but devastating end to one of British television’s most iconic partnerships.
As questions continue to swirl about his future, one thing is clear: the fallout from the scandal has reshaped Phillip Schofield’s career, finances and public image in ways few could have imagined.
Source: https://www.dailymail.co.uk/
