#3 El Santo

Perhaps the most legendary Lucha Libre star of all time, El Santo was more popular in Mexico than Hulk Hogan was in America.
The star of over sixty movies--in all of which he played himself, under a mask--El Santo is as much a cultural icon and celebrated personality for Latinos as he is a legend to wrestling fans. Simply put, many believe he should have been inducted before his protege, Mil Mascaras, but he remains on the outside looking in.
Why he's not going in: There's not doubt that part of the reason the WWE created the Hall of Fame was for marketing reasons. While they cherish and relish the idea of getting the majority of the Latino wrestling market, they would rather induct a Luchadore who spent at least some of his time in the WWE.