Markus Johannes Jooste was a South African businessman and the CEO of Steinhoff International. He was an avid horse breeder, and in 2016 was reported to be one of Africa's richest people, worth $400 million. Joining forces with Christo Wiese in 2014, they embarked on an aggressive international expansion programme. The share price of their conglomerate reached a peak in March 2016, favouring their strategy of paying for dividends and acquisitions by sales of stock.