What was Felix Baumgartner’s net worth? Fortune explored as the Daredevil legend passes away at 56

Austrian Daredevil Felix Baumgartner tragically passed away today after suffering from an unfortunate paragliding incident, according to reports. The sportsman, who rose to global fame for his unflinching panache and death-defying feats, with his untimely demise after losing control of his aircraft. Baumgartner was 56 at the time of his death.

Felix Baumgartner started skydiving at 16 and became an accomplished skydiver over the years. He made several world records over the course of his career, and also amassed significant wealth in the process - according to the estimations held by Celebrity Net Worth, he was worth $5 million at the time of his death.

Felix's achievements in extreme sports were the major driving force behind his financial portfolio. Investments made by him were not only limited to real estate investment in his home country and overseas, but also extended to partnerships with various brands such as Red Bull, Audi, and Zenith Watches.

As a celebrated figure in the sports industry, Felix Baumgartner also took part in various speaking engagements at sports conventions and motivational seminars. Besides these, he also possessed the rights to license events like the Red Bull Stratos that attracted millions of viewers and therefore brought about licensing and royalty revenues.

Felix Baumgartner - a brief history

Felix Baumgartner was born on April 20, 1969, and harbored dreams of making it as a skydiver right from the beginning. He quickly gained a reputation as one of the most gallant athletes around after taking up skydiving at the age of 16. He also set some records in the process, as jumping from the Turning Torso building in Sweden and Taipei 101 in Taiwan are some of his exploits.

Baumgartner's best-known work, however, is inarguably his stratospheric jump in 2012, as it inspired thousands of thrill seekers by making three records simultaneously: highest jump (24 miles), maximum speed (843.6 miles), and longest freefall (22.61 miles). He is quoted to have been saying the following before he threw himself off the capsule:

"I hate it if someone calls me a thrill-seeker or an adrenaline junkie because I am not. I like the whole planning. When you're standing there on top of the world, you become so humble... The only thing is you want to come back alive. Sometimes you have (to go) up really high to (understand) how small you are"

Felix Baumgartner's demise has shocked extreme sports fans all over the world, as it brings an end to an era. City's mayor, Massimiliano Ciarpella, has also expressed his condolences through a social media post, joining the legions of fans mourning his death today.

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