What happened to Phoebe Cates’ wealth after she stepped away from Hollywood? Once a rising star in Fast Times at Ridgemont High and Gremlins, she transitioned into entrepreneurship and family life.
But did she maintain her financial success? This article breaks down how she built her wealth, her primary income sources, and how she manages her finances today.
Phoebe Cates Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Phoebe Belle Cates Kline |
| Popular Name | Phoebe Cates |
| Birth Date | July 16, 1963 |
| Age | 61 (as of March 2025) |
| Birthplace | New York City, USA |
| Nationality | American |
| Ethnicity | Eurasian (Chinese-Filipino, Jewish-American) |
| Education | Professional Children’s School, Juilliard School |
| Marital Status | Married |
| Spouse | Kevin Kline (married March 5, 1989) |
| Children | Owen Joseph Kline (b. 1991), Greta Kline (b. 1994) |
| Dating | Stavros Merjos (early 1980s) |
| Siblings | Valerie (older), Alexandra (younger) |
| Parents | Joseph Cates (father), Lily Cates (mother) |
| Height | 1.70 meters (approx.) |
| Net Worth | $35 million |
| Source of Wealth | Acting, modeling, business (Blue Tree boutique) |
What is the Net Worth of Phoebe Cates in 2025?
As of 2025, Phoebe Cates’ net worth is estimated to be $35 million. While she stepped away from acting, her wealth remains intact due to real estate, movie royalties, and her boutique business. Compared to other actors of her era, she remains financially secure, even without Hollywood’s paycheck.
Related Personalities & Companies:
- Kevin Kline
- Fast Times at Ridgemont High
- Gremlins
- Blue Tree Boutique
- Steve Martin
- Jennifer Jason Leigh
- Hollywood film industry
- Celebrity business ventures
- Broadway theater
- Investment portfolio
Want to explore more about the world’s most successful stars? Check out this list of the wealthiest public figures.
Phoebe Cates Wealth, Salary, and Financial Overview
How Did She Build Her Wealth?
Phoebe Cates’ financial journey began with modeling before transitioning into acting. Her breakout role in Fast Times at Ridgemont High (1982) skyrocketed her to fame. This led to her landing roles in blockbuster films such as Gremlins (1984) and Drop Dead Fred (1991).
However, unlike many Hollywood actors who continued their careers, she made a surprising decision—stepping away from the industry in the mid-1990s. Instead of relying solely on movie income, she shifted her focus to business, launching Blue Tree boutique in 2005.
Her real estate holdings also played a key role in her financial stability. She owns an upscale Manhattan apartment and a farm property in Garrison, New York. Both properties contribute to her wealth through appreciation and potential rental value.
What Are Her Main Sources of Income?
Despite leaving Hollywood, Phoebe Cates’ income comes from multiple streams:
- Movie Royalties – Films like Gremlins and Fast Times at Ridgemont High still generate residual income.
- Business Earnings – Blue Tree boutique has been a successful venture since 2005.
- Real Estate Investments – Property appreciation in New York provides long-term financial security.
- Broadway and Theater Earnings – Her past performances, including The Tenth Man on Broadway, added to her financial foundation.
How Much Does She Earn Today?
Since she no longer acts, Phoebe Cates’ salary isn’t public. However, her boutique generates consistent revenue, and her real estate assets continue to appreciate. Additionally, royalties from past films add passive income.
Unlike many retired actors, she enjoys financial stability without returning to Hollywood. Some speculate she could return for selective roles, but her current business and investments provide her with enough wealth to maintain her lifestyle.
What Businesses and Investments Does She Own?
In 2005, Phoebe Cates opened Blue Tree boutique, an upscale retail store on Madison Avenue in New York. The store sells curated fashion, jewelry, home decor, and specialty gifts. It quickly gained popularity among New York shoppers, adding to her wealth.
Beyond Blue Tree, her real estate holdings in Manhattan and Garrison, NY, serve as high-value investments. Given the rising property market, these assets have significantly contributed to her financial security.
How Does She Manage Her Finances?
Unlike some celebrities who face financial struggles after leaving Hollywood, Phoebe Cates made smart money moves:
- Diversification – She didn’t rely on just acting but expanded into business and real estate.
- Long-term Strategy – Rather than splurging, she invested in assets that appreciate over time.
- Financial Independence – She built wealth outside of her husband Kevin Kline’s earnings, ensuring personal financial security.
What Is Her Financial Legacy?
Phoebe Cates’ financial journey is a model for celebrities transitioning away from entertainment. She successfully leveraged her Hollywood fame into long-term wealth, balancing career, business, and family life.
Her boutique remains a legacy in the retail world, proving that actors can sustain their wealth outside the film industry. As her children, Owen and Greta, pursue careers in film and music, she has created a financial foundation that secures her family’s future.
Conclusion
Phoebe Cates’ net worth reflects a smart transition from Hollywood to business. With income from film royalties, real estate, and Blue Tree boutique, she remains financially secure. Want to learn more about celebrity wealth? Explore Aupeo for in-depth financial insights. Let us know your thoughts in the comments below!
