For sports scientists and coaches, its crucial to have reliable tracking systems to improve athletes. Therefore, this study aimed to examine the validity of a wearable real-time tracking system (WRRTS) for the quantification of ski jumping. The tracking system consists of wearable trackers attached to the ski bindings of the athletes and fixed antennas next to the jumping hill. To determine the accuracy and precision of the WRRTS, four athletes of the German A or B National Team performed 35 measured ski jumps. The WRRTS was used to measure the 3D positions and ski angles during the jump. The measurements are compared with camera measurements for the in-flight parameters and the official video distance for the jumping distance to assess their accuracy. We statistically evaluated the different methods using Bland–Altman plots. We thereby find a mean absolute error of 0.46 m for the jumping distance, 0.12 m for the in-flight positions, and 0.8°, and 3.4° for the camera projected pitch and V-style opening angle, respectively. We show the validity of the presented WRRTS to measure the investigated parameters. Thus, the system can be used as a tracking system during training and competitions for coaches and sports scientists. The real-time feature of the tracking system enables usage during live TV broadcasting.