webgiant wrote:If the umbrella is strong enough to carry him upwards, then it is strong enough to act as a parachute on the way down.
Not necessarily.
Upwards it largely just needs to be big enough to catch as much water as possible, while surviving the force of the fountain.
Down-wards, it would need to have a large enough surface to actually slow you down.
The best way to illustrate might be to imagine a man standing on one of those sewer-covers as water suddenly blows out: If the water has sufficient force and the man can keep the cover balanced, he will be pushed upwards.
When the water-stream stops, however, the man-hole cover will do nothing to slow the man's fall, it itself having a higher density to begin with, and the man being able to create more air-resistance by just lying horizontally spread-eagle like a sky-diver.
So, if the umbrella is too small/heavy, it'll do the person no good on the way down.