Neil Armstrong Net Worth: Moon Landing and Beyond Analysis

July 7, 2024

Neil Armstrong is best known for being the first human to walk on the moon, but there is much more to his story that reveals his legacy.

Early Life and Education

Neil Armstrong's journey began in Wapakoneta, Ohio. Due to his father's job, his family moved frequently. Armstrong developed a passion for aviation early on, earning his student pilot certificate at the age of 16. He later studied aeronautical engineering at Purdue University, which laid the foundation for his illustrious career.

Military and NASA Career

"Neil Armstrong — Test Pilot" by jurvetson is licensed under CC BY 2.0. To view a copy of this license, visit

Armstrong served as a naval aviator during the Korean War. He flew the Grumman F9F Panther and received several awards for his service. In 1958, Armstrong became a test pilot at NASA, where he piloted over 200 different aircraft models.

Armstrong's career in space began with his first spaceflight in 1966 as the command pilot of Gemini 8. His most famous mission occurred in 1969 when he served as the commander of Apollo 11 and became the first person to walk on the moon, delivering the iconic quote, "That's one small step for man, one giant leap for mankind."

Life After Apollo 11

After his historic moon landing, Armstrong took a quieter path. He taught at the University of Cincinnati and served as a spokesman for various businesses. His personal life included marriages to Janet Elizabeth Shannon, with whom he had three children, and later to Carol Held Knight.

"Apollo 11 photo of Buzz Aldrin by Neil Armstrong" by Apollo Image Gallery is marked with Public Domain Mark 1.0. To view the terms, visit

Legacy and Net Worth

At the time of his death in 2012, Neil Armstrong's net worth was estimated at $8 million. His estate was valued at $12 million and included childhood mementos and artifacts from his moon landing. Following his death, Armstrong's family sued the hospital for negligence and received a $6 million settlement. His assets were placed in a trust, primarily benefiting his two sons.

Neil Armstrong: Key Milestones
Life Stage Details
Early Life and Education
  • Born in Wapakoneta, Ohio
  • Developed a passion for aviation early, earned student pilot certificate at age 16
  • Studied aeronautical engineering at Purdue University
Military and NASA Career
  • Served as naval aviator during Korean War, flew the Grumman F9F Panther
  • Became test pilot at NASA in 1958, piloted over 200 different aircraft models
  • First spaceflight in 1966 as command pilot of Gemini 8
  • Commander of Apollo 11 in 1969, first human to walk on the moon
Life After Apollo 11
  • Taught at University of Cincinnati
  • Served as spokesman for various businesses
  • Married Janet Elizabeth Shannon and later Carol Held Knight
  • Had three children with Janet Elizabeth Shannon
Legacy and Net Worth
  • Net worth estimated at $8 million at time of death in 2012
  • Estate valued at $12 million, included childhood mementos and moon landing artifacts
  • Family received $6 million settlement from negligence lawsuit against hospital
  • Assets placed in a trust, primarily benefiting his two sons

To explore the financial side of other prominent figures, visit our net worth category page.

Neil Armstrong's legacy is marked not only by his monumental achievements in space exploration but also by his humble and dedicated approach to life. He remains a pioneering figure whose contributions continue to inspire generations.

JJ Sterling
As the co-founder of Urban Splatter and an architecture graduate from Chicago, I thrive on crafting a digital nexus where architectural innovation intersects with boundless digital opportunity. My academic roots in the Windy City's rich architectural tapestry inspire a unique vision for Urban Splatter's journey into the ever-evolving digital frontier of design. Join us as we navigate the exciting confluence of structure, style, and technology.

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