American entrepreneur, songwriter and record producer Walter Afanasieff  has an estimated net worth of $2 million in 2012. For several years, he has been the co-writer and co-producer for world renowned artist and performer, Mariah Carey. He is known to have produced Celine Dion's "My Heart Will Go On” which earned him a Grammy Award in the Record of the Year category in 1999. In 2000, he also became a recipient of a Grammy Award for Non-Classical Producer of the Year.

In the past, Walter Afanasieff has written and produced for artists like Michael Jackson, Leona Lewis, Whitney Houston, Lara Fabian, Lionel Richie, Tina Arena, Jordin Sparks, Luther Vandross, Josh Groban, Destiny's Child, Babyface, Kenny G, Mika, Michael Bolton, Marc Anthony, Toni Braxton, Ricky Martin, Darren Hayes, Christina Aguilera, Andrea Bocelli, Kenny Loggins, Johnny Mathis, and Barbra Streisand. In July 2012, it was reported that Walter Afanasieff and Mariah Carey are now again working together for the latter's 14th album.