Bernard Arnault, the world's 3rd-richest person, is set to appoint 2 more of his children to the LVMH board

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Actor Kris Wu, CEO of Rimowa, Alexandre Arnault, Frederic Arnault and Owner of LVMH Luxury Group Bernard Arnault attend the Louis Vuitton Menswear Fall/Winter 2020-2021 show as part of Paris Fashion Week on January 16, 2020 in Paris, France.
Alexandre, Frédéric, and Bernard Arnault in January 2020.

Bertrand Rindoff Petroff/Getty Images

Shakeup at LVMH as Antoine Arnault, Bernard Arnault's oldest son, steps down as the CEO of luxury shoe-maker Berluti

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Antoine Arnault (left) and his father, Bernard Arnault, the CEO of LVMH.
Antoine Arnault (left) and his father, Bernard Arnault, the CEO of LVMH.

Julien de Rosa/AFP via Getty Images

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