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Bezos brings love of invention to bear on US news

AFP, San Francisco
Jeffrey Preston Bezos went from being a boy with a love for how things work to being the man who built Amazon.com into an online retail powerhouse.
With the purchase of The Washington Post, the Internet entrepreneur added a slice of the news business to investments that include such multi-million-dollar leaps in the dark as private space travel.
"The Internet is transforming almost every element of the news business: shortening news cycles, eroding long-reliable revenue sources, and enabling new kinds of competition, some of which bear little or no news-gathering costs," Bezos said in a letter to Post employees.
"There is no map, and charting a path ahead will not be easy," he continued.
"We will need to invent, which means we will need to experiment."
Bezos's penchant for experimenting reportedly dates to such a young age that one widely-recounted story tells that while just a toddler he tried to dismantle his own crib.
His mother was a teenager when she gave birth to "Jeff" in Albuquerque, New Mexico, on January 12,1964.
She remarried when her son was about four years old, and he was legally adopted by his Cuban immigrant step-father who worked as an engineer at a major petrochemical company.
His mother's family had been settlers in Texas, where Bezos spent many a summer working at a ranch owned by a grandfather who had retired from a job as a regional direc-torattheUSAtomicEnergy Commission.
Bezos was enchanted by computer science when the IT industry was in its infancy and he studied engineering at Princeton University.
After graduating he put his skills to work on Wall Street where by 1990 he had risen to be a senior vice president at investment firm D.E. Shaw.
He surprised peers by leaving his high-paid position about four years later to open an online bookseller called Amazon.com, which has grown into a massively successful online retail empire and made Bezos a multibillionaire.
Bezos is said to have been intrigued by US law exempting online sellers from collecting sales tax in states where they don’t have real-world shops or facilities.
He reportedly wrote a business plan for Amazon.com while driving cross-country from NewYorktoSeattle where heset up shop.
Amazon was incorporated in 1994 and a year later the website sold its first book,
Douglas Hofstadter's "Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms ofThought."
Amazon became a publicly traded company in May of 1997 and the stock has thrived.
Bezos, who married his wife Mackenzie in 1993, was named Time magazine per-son-of-the-year in 1999. Awards heaped on him include one for innovation from The Economist for the Amazon Kindle tablet.
Bezos has been a regular at prestigious TED gatherings of where the brilliant, successful, famous and influential gather to explore perspective-bending "ideas worth spreading."
Bezos has also pursued a long-time interest in privatizing space exploration.
By the time he headed off to college, he was already disenchanted with damage being done to the Earth and curious about the potential for humans to build a future elsewhere in the cosmos.
Bezos used some of his fortune to set up Blue Origin aerospace company.
"We're working, patiently and step-by-step, to lower the cost of spaceflight so that many people can afford to go and so that we humans can better continue exploring the solar system," Bezos said in an early blog post at the Blue Origin website.
"This is a long-term effort, which we're pursuing incrementally, step by step."
The Blue Origin team pulled off the first test of a suborbital Crew Capsule in October of last year, Bezos said in a blog post.
Bezos also funded an undersea mission to retrieve engines used to launch the NASA Apollo 11 moon mission in 1969, and is spending tens of millions of dollars on a 10,000-year clock.