Phoebe Cates is a former actress who landed notable roles in Fast Times at Ridgemont High and Drop Dead Fred, which were dropped in the early years of the ’80s. Many believed that she would have a great career in acting after her breakthrough roles and astounding performance in front of the camera. She has maintained her status until the early ’90s with various movies and industry-related events that she attended.
However, Cates realized that being under the limelight is not something that she wanted to do in the long run. The constant spotlight may have been a struggle for the then actress. Cates then ventured into business and made wise money management strategies to grow her money. She put up Blue Tree, a fashion boutique shop located on the Upper East Side of New York City. Here, she sells jewelry, books, perfume, and clothing.