Bernard Arnault wearing a navy-blue blazer jacket and a white shirt.
Four of Bernard Arnault's five children now sit on LVMH's board.
  • Bernard Arnault has appointed two more of his children to LVMH's board.
  • Alexandre Arnault is a vice president at Tiffany & Co. and Frédéric Arnault heads LVMH's watches division.
  • Four of Bernard Arnault's five children now sit on the luxury conglomerate's board.

The French luxury-goods billionaire Bernard Arnault, who's the world's richest person, has appointed two more of his children to LVMH's board.

He announced the appointments on Thursday following a vote at LVMH's annual general meeting for shareholders.