Adventurer Steve Fossett declared dead five months after disappearing in plane

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Millionaire adventurer Steve Fossett has been declared dead five months after he vanished while flying in a small plane.

The self-made tycoon, who in 2002 became the first person to circle the world solo in a balloon, was last seen on September 3.

The 63-year-old was flying from an airstrip in Yerington, Nevada, to Bishop, California.

A Chicago judge made the ruling so the process of executing Fossett's will could now begin.

While flight records brought him his greatest fame, Fossett also climbed some of the world's best-known peaks, swam the English Channel and completed the Le Mans 24-hour car race.