Ricky Martin announced on his website that he was gay. He decided to write his memoirs a few months ago, which prompted some soul searching. He revealed "For many years, there has been only one place where I am in touch with my emotions fearlessly and that's the stage. " He ends the piece with this line, "I am proud to say that I am a fortunate homosexual man. I am very blessed to be who I am."
The Wall Street Journal took an economic approach to what this announcement may or may not mean to his economic bottom line. The same news certainly didn't hurt Elton John.