Phoebe Cates: The Star You Know And Love

What’s Phoebe Cates’ Net Worth? Let’s Talk Numbers

Let’s talk about Phoebe Cates, the iconic actress, model, and entrepreneur, whose combined net worth with her husband, Kevin Kline, is an impressive $35 million. That’s right, folks! She’s not just a Hollywood legend but also a financial powerhouse. Phoebe made her mark in the entertainment world with unforgettable roles like Linda Barrett in “Fast Times at Ridgemont High” (1982), Kate Beringer in “Gremlins” (1984) and its sequel, and Elizabeth “Lizzie” Cronin in “Drop Dead Fred” (1991). But her journey didn’t stop there. She even graced the Broadway stage in a 1989 production of Paddy Chayefsky’s “The Tenth Man.”

Now, you might be wondering, where did it all go after those blockbuster hits? Well, Phoebe decided to step away from the spotlight in the mid-1990s to focus on raising her family. Her last major screen credit was in “The Anniversary Party” (2001), a film directed by her dear friend Jennifer Jason Leigh. Sometimes, life’s about more than just the spotlight, right?

Living Large: The Manhattan Apartment

For the last few decades, Phoebe and Kevin have called an exclusive building at 1125 Fifth Avenue in Manhattan their home. This place isn’t just any apartment—it’s part of a historic building that’s practically a New York City legend. While the exact details of their unit are somewhat under wraps, it’s safe to say it’s nothing short of luxurious. Depending on the layout, their pad could easily be worth anywhere from $10 million to well over $20 million.

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For context, in 2019, the legendary Bette Midler listed the penthouse in the same building for a whopping $50 million before pulling the listing. Meanwhile, the unit directly below hers was listed for $20 million a year earlier, though it too eventually came off the market. So yeah, Phoebe and Kevin are living the high life in one of the city’s most exclusive addresses.

And if Manhattan isn’t enough, the couple also owns a charming 5+ acre farm property in Garrison, New York. They’ve had this little slice of rural paradise since 1988, when they picked it up for $770,000. It’s the perfect getaway from the hustle and bustle of city life.

Early Life: From New York City to Hollywood

Phoebe Cates was born Phoebe Belle Cates on July 16, 1963, in the bustling city of New York. Her mom, Lily, was born in China, and her dad, Joseph (originally Katz), was a Broadway and television producer who helped create the iconic game show “The $64,000 Question.” Growing up, Phoebe was surrounded by the arts, with two older sisters, Valerie and Alexandra, and a household that encouraged creativity.

Her early education took her to the Professional Children’s School and the prestigious Juilliard School, where she dreamed of becoming a dancer. At just 10 years old, she started modeling, appearing in teen magazines like “Seventeen.” But life has a way of throwing curveballs. Despite earning a scholarship to the School of American Ballet, Phoebe’s dancing dreams were cut short when she injured her knee at 14. Modeling soon became less about passion and more about paying the bills. “It was just the same thing, over and over,” she once said. “After a while, I did it solely for the money.”

Career Highlights: From Paradise to Gremlins

Once Phoebe decided modeling wasn’t her calling, she turned her sights to acting. Her film debut came in 1982’s “Paradise,” though the journey wasn’t without its challenges. Initially hesitant about the nudity required for the role, her father encouraged her to take the leap, saying, “What are you going to do, model for the rest of your life? What are you so hung up on nudity for?” Phoebe not only starred in the film but also lent her voice to its theme song and released an album titled “Paradise.”

But not everything went smoothly. Phoebe later claimed that producers filmed naked close-ups of her character using a body double without her permission. Understandably upset, she refused to promote the film. Luckily, her next project, “Fast Times at Ridgemont High,” cemented her status as a rising star. Rolling Stone magazine even dubbed her bikini scene as “the most memorable bikini-drop in cinema history.” In 2005, the Library of Congress recognized the film’s cultural significance by adding it to its National Film Registry.

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Phoebe’s career kept rolling with roles in “Gremlins,” where she played the endearing Kate Beringer, and its sequel, “Gremlins 2: The New Batch.” She also lent her voice to the character in the 2015 video game “Lego Dimensions.” Along the way, she tackled diverse projects like “Private School,” “Bright Lights, Big City,” and “Shag.” But motherhood called, and she stepped away from acting to focus on her family, making only occasional appearances, like in “The Anniversary Party” (2001).

Personal Life: Love, Family, and Entrepreneurship

Phoebe’s personal life has been just as fascinating as her career. In the early ‘80s, she shared a Greenwich Village apartment with her then-boyfriend, Stavros Merjos. But love found her in 1983 when she met Kevin Kline while auditioning for “The Big Chill.” Though both were involved with others at the time, fate had other plans. Two years later, they reconnected, and the rest, as they say, is history.

Phoebe and Kevin tied the knot on March 5, 1989, and their family grew with the arrival of son Owen in 1991 and daughter Greta in 1994. The entire family even made a cameo in “The Anniversary Party” (2001). Owen went on to become a writer, director, and actor, while Greta carved her own path as a singer-songwriter and musician. Clearly, creativity runs in the family!

In 2005, Phoebe added entrepreneur to her resume by opening the Blue Tree boutique on NYC’s Madison Avenue. It’s clear that whether on screen, at home, or in business, Phoebe Cates continues to make waves in every aspect of her life.

And there you have it, folks—a glimpse into the life of the incredible Phoebe Cates. She’s not just a star but a true multi-hyphenate who’s lived a life full of passion, purpose, and family.