Michael Douglas celebrated his 50th year in showbusiness on Tuesday with a star on the Hollywood Walk of Fame near that of his screen legend father, Kirk Douglas, now 101.

Douglas, 74, best known for his Oscar-winning turn as Gordon Gekko in ¡°Wall Street,¡± was accompanied by his father ¡ª star of 1960 gladiator movie ¡°Spartacus¡± ¡ª his actress wife, Catherine Zeta-Jones, and ¡°The China Syndrome¡± co-star Jane Fonda.

¡°When I first heard Michael was getting a star I thought, ¡®What took so long?¡¯ Especially because he has always been ahead of his time,¡± Fonda said at a ceremony marking the occasion.

Douglas has appeared in more than 60 films and television shows, including 1970s police series ¡°The Streets of San Francisco,¡± psychological thrillers ¡°Fatal Attraction¡± and ¡°Basic Instinct,¡± and more recently the Marvel comic book movie ¡°Ant-Man.¡±

Fonda, daughter of Henry, said she and Douglas both faced the challenge of being born into Hollywood royalty and trying to find their own way in the same world.

¡°Both of our fathers were movie legends,¡± she said. ¡°Can you imagine Michael heading out to go to an audition and Spartacus is sitting at the table?¡±

Douglas is also a film producer, winning an Oscar for the 1975 film ¡°One Flew Over the Cuckoo¡¯s Nest¡± and producing dozens of independent movies.

¡°I have been lucky enough to be part of classic Hollywood and new Hollywood,¡± he said.

He said he was honored to join the more than 2,600 men and women represented on the Walk of Fame: ¡°They are people who passionately cared about what they did and about entertaining people around the world.¡±