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Roussel (pronounced RUE SELL) was the son of Louis Roussel, Sr. (1876–1964) and the former Bertha Breaux. He married the former Lucy Cocchiara (1909-2002), with whom he had two children, Charmaine Roussel Morel (born October 20, 1934) of Metairie and Louis "Louie" Roussel, III (1946-2015), of Kenner. His brother was Ervin Roussel, and his sister was Lillie Roussel Prejean (1911–2007), wife of Oscar J. Prejean (1909–1995) of Thibodaux in Lafourche Parish.<ref name=obit>Obituary of Louis J. Roussel, Jr., ''The New Orleans Times-Picayune,'' October 21, 2001.</ref>
Roussel (pronounced RUE SELL) was the son of Louis Roussel, Sr. (1876–1964) and the former Bertha Breaux. He married the former Lucy Cocchiara (1909-2002), with whom he had two children, Charmaine Roussel Morel (born October 20, 1934) of Metairie and Louis "Louie" Roussel, III (1946-2015), of Kenner. His brother was Ervin Roussel, and his sister was Lillie Roussel Prejean (1911–2007), wife of Oscar J. Prejean (1909–1995) of Thibodaux in Lafourche Parish.<ref name=obit>Obituary of Louis J. Roussel, Jr., ''The New Orleans Times-Picayune,'' October 21, 2001.</ref>
Roussel entered the job force in the 1930s as a bus driver in New Orleans but thereafter made a fortune in [[petroleum]] and [[banking]].<ref name=schiff>{{cite web|url=http://www.insuranceobserver.com/PDF/2005/031505.pdf|title=Schiff's Insurance Observer|date=March 2005|publisher=insuranceobserver.com|accessdate=October 31, 2010}}</ref> He even owned land in Keene, [[New Hampshire]], which he purchased far below book value before the passage of the Williams Act, named for former [[U.S. Senator]] Harrison Williams, Jr., of [[New Jersey]], placed restrictions on such property transfers.<ref name=schiff/>
Roussel entered the job force in the 1930s as a bus driver in New Orleans but thereafter made a fortune in [[petroleum]] and [[banking]].<ref name=schiff>{{cite web|url=http://www.insuranceobserver.com/PDF/2005/031505.pdf|title=Schiff's Insurance Observer|date=March 2005|publisher=insuranceobserver.com|accessdate=October 31, 2010}}</ref> He even owned land in Keene, [[New Hampshire]], which he purchased far below book value before the passage of the Williams Act, named for Democratic former [[U.S. Senator]] Harrison Arlington "Pete" Williams, Jr. (1919-2001), of [[New Jersey]], placed restrictions on such property transfers.<ref name=schiff/>
In his later years, Roussel supported some [[Republican Party|Republican]] candidates, as the [[Republican Party|GOP]] became more competitive in Louisiana, including the 1990 [[U.S. Senate]] hopeful, then state Senator [[Ben Bagert]] of New Orleans, who withdrew from the race against [[David Duke]] and [[J. Bennett Johnston, Jr.]], a contest ultimately won by Johnston, the Democratic nominee, and a former intra-party rival to Edwards in the 1971 gubernatorial runoff contest.
In his later years, Roussel supported some [[Republican Party|Republican]] candidates, as the [[Republican Party|GOP]] became more competitive in Louisiana, including the 1990 [[U.S. Senate]] hopeful, then state Senator [[Ben Bagert]] of New Orleans, who withdrew from the race against [[David Duke]] and [[J. Bennett Johnston, Jr.]], a contest ultimately won by Johnston, the Democratic nominee, and a former intra-party rival to Edwards in the 1971 gubernatorial runoff contest.