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A widely repeated estimate puts Phoebe Cates and her husband, actor Kevin Kline, at a combined net worth of $35 million. That is an estimate from Celebrity Net Worth—not a verified figure for Cates alone. Her better-documented story is a shift away from regular acting toward family life and a New York retail business.
What is Phoebe Cates’s net worth?
Celebrity Net Worth lists a $35 million estimate for Phoebe Cates and Kevin Kline together. The page does not state the year for that estimate and says its net-worth figures are estimates. It does not provide an audited account, asset breakdown, or other financial documentation establishing the couple’s wealth. The figure should therefore be treated as a media estimate of their combined finances, not as Cates’s individual net worth.
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No authoritative public disclosure establishing Cates’s personal wealth is identified in the available sources. The exact size of her fortune is not publicly confirmed by the cited material.
How Phoebe Cates built her public profile
Cates moved from modeling into screen acting in the early 1980s. Her best-known credits include Fast Times at Ridgemont High (1982) and Gremlins (1984), followed by films such as Drop Dead Fred (1991) and Princess Caraboo (1994). TV Insider’s career profile traces those roles and her later return to film.
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- When Elizabeth Cronin (Phoebe Cates) comes to stay with her overbearing mother (after her husband leaves her for a younger woman), she rediscovers her wacky imaginary childhood friend, Drop Dead Fred (Rik Mayall).
After Princess Caraboo, her next cited film was The Anniversary Party (2001), which TV Insider describes as her return after almost a decade. The gap is sometimes framed as an abrupt exit from Hollywood, but it was not a permanent break from acting.
Why did Cates step away from regular acting?
TV Insider connects Cates’s reduced film work with raising her children with Kline and pursuing business opportunities. That is the framing offered by the profile; the available sources do not establish one definitive reason for her career choices.
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Celebrity Net Worth also recounts a 1998 interview in which Kline said the couple had agreed to alternate work, and that when it was Cates’s turn, she chose to stay with their children. Because that remark is relayed by a secondary source, it is best understood as Kline’s reported explanation rather than a complete account of Cates’s own motives. Celebrity Net Worth’s profile includes the quotation and its estimate caveat.
Blue Tree: Cates’s work beyond film
Cates opened Blue Tree on Madison Avenue in New York in 2005, according to TV Insider. A contemporaneous 2006 KSL profile described her as a full-time shopkeeper and the store as a mix of gift-shop merchandise and upscale clothing. That account captures the business at the time; it does not establish the shop’s current inventory or operating status.
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- Zach Galligan, Phoebe Cates, Joe Dante
In the March 23, 2006 report, Cates said, “I always wanted to have a general store.” She also described a distinctive approach to merchandise: “I feel really strongly that if people spend a lot of money on something, they shouldn’t see it on 400 other people.” KSL’s 2006 profile attributes both remarks to her.
Blue Tree’s official domain redirects to a Big Cartel storefront, but that observation alone does not establish current ownership, stock, or the business’s present operating arrangements. Blue Tree’s official website is the source for the storefront link.
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What the headline’s “absolute fortune” claim leaves out
The $35 million number is not a confirmed personal balance sheet for Cates. It is a combined estimate attributed to Cates and Kline by an entertainment-focused net-worth site, which itself cautions that its figures are estimates. The documented picture is more modest and more specific: Cates had a successful film career, later became less active in acting, and opened a New York shop. The available sources do not show how much wealth she personally holds or how much, if any, came from the store.
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