A total of 26 aircraft, including light planes, helicopters and a C-130 military-equipped plane, searched for the missing Fossett but he was declared legally dead by a judge in February 2008. He was 63.
In 2002, he became the first person to circle the world solo in a balloon.
Fossett made a fortune in the Chicago commodities market and gained worldwide fame for setting records in jets and boats, high-tech balloons, and gliders.
He was an avid sportsman and swam the English Channel, completed an Ironman triathlon, competed in the Iditarod dog sled race and climbed some of the world's best-known peaks, including Mount Kilimanjaro in Tanzania, and the Matterhorn in Switzerland.