Walter Mercado is a man of many talents; a psychic since childhood, he rose to become one of Puerto Rico’s most celebrated dancers. His claim to fame, however, came when he stepped in as a fill-in astrologer on a TV show. The impromptu gig landed him an astronomy segment on El Show de las 12.

When his show aired on Univision for 15 years, he also became America’s darling.

How Much Is Walter’s Net Worth?

Walter Mercado has a sizable net worth of $5 million. The multi-talented celebrity is a singer, dancer, actor, astrologer, and author. A Farewell to Memory and Long Distance are two of his most popular telenovelas.

The gifted performer believes in honing one’s craft. As a result, it’s no surprise that Walter established the Walter Actors Studio 64.

In addition, he hosted a weekly astrology program on WKAQ-TV. Walter’s talent was recognized when he was named Mr. Television by the Asociacion de Cronistas del Espectaculo de Nueva York in 1986.

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In 1972, he won Senor Television at the Festival de Codazos in the Dominican Republic, extending his winning streak.

Rumors Concerning Gays

Walter’s colorful wardrobe and slightly feminine attire always sparked speculation about his sexuality. In addition, the absence of a legally married wife in his life fueled the speculation. He has, however, vehemently denied all gay speculation on numerous occasions.

Nonetheless, many believe that Walter’s decision not to come out is related to the time he rose to fame as a TV star. People did not embrace the LGBTQI community as much in the 1970s as they do now. So coming out as gay would have been career suicide at the time.