Phoebe Cates is an American actress, model, and entrepreneur who has a net worth of $35 million as of 2024. This impressive figure is a combined net worth with her husband, fellow actor Kevin Kline, with whom she has shared over three decades of marriage. Cates is best known for her iconic roles in films such as “Fast Times at Ridgemont High” (1982), “Gremlins” (1984), and “Drop Dead Fred” (1991). Despite her successful acting career, Phoebe largely stepped away from the spotlight in the mid-1990s to focus on raising her children and pursuing her entrepreneurial dreams.
Born Phoebe Belle Cates on July 16, 1963, in New York City, she grew up in a family deeply rooted in the arts. Her mother, Lily, was born in China, while her father, Joseph Katz, was a Broadway and television producer. Phoebe attended the Professional Children’s School and later the prestigious Juilliard School. She began her modeling career at the young age of 10, appearing in popular teen magazines like “Seventeen.” However, after suffering a knee injury while pursuing dance, she shifted her focus to acting.
Her film debut came in 1982 with “Paradise,” but it was her role as Linda Barrett in “Fast Times at Ridgemont High” that catapulted her to fame. The film is now considered a classic, and Cates’ performance, particularly her memorable bikini-drop scene, has become iconic in cinema history. Following this success, she starred in several other films, including “Gremlins,” which grossed over $212 million at the box office, and its sequel, “Gremlins 2: The New Batch.”
Career Highlights
Throughout the 1980s and early 1990s, Phoebe Cates built a successful career in Hollywood. Some of her notable films include:
| Film Title | Year | Role |
|---|---|---|
| Fast Times at Ridgemont High | 1982 | Linda Barrett |
| Gremlins | 1984 | Kate Beringer |
| Drop Dead Fred | 1991 | Elizabeth “Lizzie” Cronin |
| Princess Caraboo | 1994 | Title Role |
| The Anniversary Party | 2001 | Herself |
Despite her success, Cates decided to step back from acting after the release of “Princess Caraboo” in 1994. She made this choice to prioritize her family, as she and Kline welcomed two children, Owen and Greta. In a 1998 interview, Kline mentioned that they had agreed to alternate their work schedules to ensure one parent was always available for their children.
Entrepreneurial Ventures
In addition to her acting career, Phoebe Cates has found success as an entrepreneur. In 2005, she opened a boutique called Blue Tree on Madison Avenue in New York City. The store features a curated selection of unique items, including home goods, gifts, and fashion accessories. Cates’ entrepreneurial spirit has allowed her to maintain her wealth and continue to thrive outside of Hollywood.
Despite stepping away from the film industry, Cates has remained a beloved figure among fans of 1980s cinema. Her decision to prioritize family and entrepreneurship over a continuous acting career is a testament to her values and dedication to her loved ones.
Personal Life
Phoebe Cates’ personal life has been as fulfilling as her professional one. She met her husband, Kevin Kline, in 1983 while auditioning for a role in “The Big Chill.” They began dating two years later and married on March 5, 1989. The couple has two children, Owen and Greta, both of whom have pursued careers in the arts. Owen is a writer, director, and actor, while Greta is a talented singer-songwriter.
In addition to their family life, Phoebe and Kevin have made significant real estate investments. They reside in an exclusive Manhattan building at 1125 Fifth Avenue, where the value of their unit is estimated to be between $10 million and $20 million. They also own a 5+ acre farm property in Garrison, New York, which they purchased in 1988 for $770,000.
Conclusion
Phoebe Cates has successfully navigated her career and personal life, amassing a net worth of $35 million while prioritizing her family and entrepreneurial pursuits. Her legacy in Hollywood remains strong, and her decision to step back from acting has not diminished her wealth or influence. As she continues to thrive in her boutique business, Cates exemplifies the idea that success can take many forms.
FAQs
What is Phoebe Cates’ net worth?
Phoebe Cates has a net worth of $35 million as of 2024.
Why did Phoebe Cates quit acting?
Phoebe Cates decided to quit acting to focus on raising her children and pursuing her entrepreneurial dreams.
What are some of Phoebe Cates’ most famous roles?
Cates is best known for her roles in “Fast Times at Ridgemont High,” “Gremlins,” and “Drop Dead Fred.”
What business does Phoebe Cates own?
Phoebe Cates owns a boutique called Blue Tree located on Madison Avenue in New York City.
Who is Phoebe Cates married to?
Phoebe Cates is married to actor Kevin Kline, and they have been together since 1989.