Successful Celebrity Entrepreneurs

Phoebe Cates
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Phoebe Cates

Phoebe Cates once ruled the big screen during the 1980s in teen films like “Fast Times at Ridgemont High,” but these days she’s ruling her own quiet, eclectic boutique in New York City’s Upper East Side. In 2005, the model turned actress opened Blue Tree—a high-end, catch-all gift shop that sells everything from kids toys and stuffed-animals to cashmere sweaters and diamonds. Cates manages the store with a hands-on approach, doing everything from selecting inventory to ringing up customers.