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Frank Costa is confirmed dead at the age of 83.

The life of Frank Costa was long and fruitful. We look forward to reuniting in the glorius afterlife.
⚱️⚱️⚱️⚱️⚱️⚱️⚱️⚱️⚱️⚱️⚱️⚱️⚱️⚱️
'The world will miss Frank💔
What did Frank Costa do?
Frank was best known as a Australian entrepreneur and philanthropist.
How did Frank Costa die?
Frank Costa's death was likely due to unknown.
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Frank Costa

Born
Francis Aloysius Costa

1938 (1938)
Died2 May 2021 (aged 83)
Geelong
NationalityAustralia
OccupationEntrepreneur and philanthropist
Known for
Net worthIncrease $802 million (AFR 2020)[1]
Awards
Frank Aloysius Costa AO (1938 – 2 May 2021) was an entrepreneur and philanthropist. Costa had been a prominent figure in the Geelong region for more than four decades after inheriting Costa Group, the family's produce business, in the late 1950s. Initially privately-held, the Costa Group became the largest service wholesaler of fruit and vegetables in Australia with operations in five states. In 2015 the company was floated on the Australian Securities Exchange as Costa Group Holdings Limited.
In 1998, Frank Costa became president of the Geelong Football Club.
Contents
1 Career
1.1 Political scandals
2 Personal life
2.1 Honours
2.2 Wealth rankings
2.3 Philanthropy
3 Death
4 References
5 External links
Career
Costa was the eldest of five sons born to Sicilian immigrants that moved to Australia in the 1880s. His great-uncle established the Geelong Covent Garden in 1888 – a produce grocery which he ran until the 1920s, at which time he turned it over to Costa's father.
When Costa was 21, he (along with his brother Adrian) convinced his father to sell the business to them. Costa successfully grew the business with help from his brother, as they made forays into wholesaling. Although Adrian died in 1972 as a result of an automobile accident, and there were a few business blunders along the way – including the failed development of a state-of-the-art warehouse – the remaining Costa brothers were able to keep the business afloat. By the 1980s, the company had an annual turnover to the tune of A$100 million. In the early 1990s, Costa's fruit operation; Costa Logistics, was forced to co-operate with the Melbourne underworld. In 2006 the company had 800 employees, and a turnover in excess of A$800 million. Its head office is an ex-church purchased by the Costa Group and converted into modern offices, located in Myers Street, Geelong. In 2019 Costa stepped down from the board of the publicly-listed Costa Group.
Political scandals
His push for the recycling/irrigation plant is one of many events has caused some to raise conflict of interest concerns, as his company was apt to obtain a substantial benefit from the project. In addition to being a Committee for Geelong board member and being president of the Geelong Football Club, Costa was involved in some of the most prominent development projects being touted for the region. These include the development in North Geelong near the Ford site and at Point Richards near Portarlington. In 2006 it was revealed that Costa was part of a group of powerful business leaders who had made political campaign donations that were not disclosed by the candidates.
Personal life
Costa is the subject of a 2006 biography, with a foreword by eminent historian Geoffrey Blainey, and contains references to Geelong identities, the Geelong Football Club, and Italian immigrants in Geelong.
Honours
In 1997, Costa was awarded the Medal of the Order of Australia for service to youth and to the community of Geelong. In 2015, Costa was appointed an Officer of the Order of Australia for distinguished service to the community of Geelong through ongoing roles and contributions to a range of sports, business, religious, medical, educational and social welfare organisations. In 2001 Costa was also awarded the Centenary Medal for service to the Barwon community and, in the same year, the Australian Sports Medal for services to Australian football.
Wealth rankings
Year
Financial ReviewRich List
ForbesAustralia's 50 Richest
Rank
Net worth (A$)
Rank
Net worth (US$)
2017
$538 million
2018
127
$655 million
2019
118
$802 million
2020
132
$770 million
Legend
Icon
Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year
Philanthropy
According to a 2004 poll, Costa held first place on the list of the regions Movers and Shakers." The same year saw Costa (out of frustration) publicly urge the authorities to keep its promise of developing a recycling and irrigation facility in the Werribee region.
Costa is Patron of the Geelong Volunteer Resource Centre and the Geelong Volunteering Network, and academy ambassador for Surf Coast FC.
Death
Costa died from cancer on 2 May 2021, aged 83.
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