After suffering a serious knee injury at an early age of 15, Cates then made up her mind to give up dancing, Phoebe decided to pursue her career in Modeling. After being involved in the modeling career, she earned wide recognition and success.
Working as a model for short time, she decided to quit the industry. Cates state that she didn't like the industry because it was just the same thing over and over which made her leave the modeling career too, although she was successful.
After dropping dancing and modeling career, Phoebe Cates decided to pursue her career in acting. Her father was also an actor and he was not enthusiastic about Phoebe new dream. She began her acting career at the age of 17 from the movie, Paradise where she sang the theme song.
Moreover, Cates gave her role in Fast Times at Ridgemont High earned her wide recognition and brought her into the limelight. Her most memorable bikini-drop scene has become of cinema. She had quoted that she had lots of memory and had the most fun during the shooting of that movie.
Furthermore, Phoebe had featured in several movies which include, Private School, Baby Sister, Gremlins, Date with all Angel, Heart of Dixie, Princess Caraboo, The Anniversary Party and much more.
In the year 1994, Phoebe Cates retired from acting and raised her children. Later in 2001, she returned to acting for a single movie, The Anniversary Party and left the entertainment industry to date.
Moving towards her personal life, Phoebe Cates married his long-term boyfriend, Kevin Kline after dating for several years. The couple met each other in 1983 and started dating each other. The couple gave birth to a son Owen born on October 14, 1991, and daughter Greta born on March 21, 1994. Phoebe and her spouse, Kevin are living happily together in New York City.
Phoebe earns a good sum of money from her professional career. As a film actress, singer and former model, she has various sources of income through which she finances her lavishing lifestyle. According to different sources, her spouse, Kevin has the net worth of $34 million and her net worth is $5 million.