Unravelling Phoebe Cates’ Net Worth

Phoebe Cates is an American former actress and model who has a staggering net worth of 35 million dollars. She has made her fortune through her various ventures; she first started as a model before moving to acting and then to family. Phoebe is among the few Hollywood stars who left the entertainment industry, and they are still rich.

The former actress started her acting career in the early 1980s after becoming dissatisfied with modeling. Over the ’80s and early ’90s, she appeared in several shows, and she is mainly known for her roles in Drop Dead Fred, Private School, and Gremlins.

Early Life and Career Beginnings

Phoebe Cates was born on July 16, 1963, to parents who were immensely involved in the entertainment industry. Her father was a Broadway producer, and he was very influential in the creation of the game show The $64,000 Question. Her uncle was also a producer and had worked with her father on several shows.

Given that Phoebe was born into a family immersed in the entertainment industry, it was only natural that she would follow the same path. At the age of 10, Phoebe had already started modeling, appearing in various magazines, including Seventeen. She also tried dancing but quit after injuring her knee. Phoebe continued with modeling up to the 1980s, when he decided to transition to acting.

Acting Career

After quitting modeling, Phoebe ventured into acting, landing her first role in the film Paradise. Despite her uncertainty about the nudity part of the film, her father encouraged her to take the role, and this brought her into the limelight. Despite the film’s success, Phoebe was not happy with the nude part as she claimed that they are aspects that were used in the show that she did not agree with. She later regretted being part of the film and promised not to be part of that type of movie.

In the 1980s, she enjoyed great acting, but in 1994, she called it quits as she decided to focus on her family.

Business Ventures

Most people expect Hollywood stars to go downhill after quitting the entertainment industry, but this was not the case for Phoebe Cates. She wanted to open a beauty line, and she was determined to open one someday, no matter how long it took. In 2005, the former actress opened a boutique which she named Blue Tree. The boutique, which is in the heart of New York City, is a general store that offers women’s clothing, including jewelry, fragrances, music, home goods, and more.

Phoebe’s boutique has grown over the years, and now it is boosting immense revenues. It is a business that she has always wanted to start, and it is not just a business but a passion. In an interview, she noted that “After years of acting ‘roles,’ I can now be completely myself.”

Phoebe’s 35-million-dollar net worth is proof that Hollywood stars can make it outside the entertainment industry. Phoebe has been doing it for more than 20 years, and any other star can achieve it with self-determination and resilience.