Frank Aloysius Costa (3 February 1938 – 2 May 2021 Death Notice, Geelong Football Club) was an Australian businessman. 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 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.
In 1998, Frank Costa became president of the Geelong Football Club.
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 in GeelongTobin, Des (2007). Family, Faith and Footy. – the remaining Costa brothers were able to keep the business afloat. By the 1980s, the company had an annual Revenue of around 100 million. In the early 1990s, Costa's wholseale fruit operation was compelled to co-operate with the Melbourne underworld. In 2004, Costa appointed Simon Costa, his nephew, as CEO of the Costa Group of Companies,Tobin, Des (2007). Family, Faith and Footy. Page 102 enabling Costa to concentrate on philanthropic activities and the Presidency of the Geelong Football Club. At the time, the company had 800 employees, and a turnover in excess of 800 million. The Costa Group of Companies was listed on the Australian Stock Exchange in July 2015. In 2019 Costa stepped down from the board of the publicly listed Costa Group.
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.
2017 | $538 million | ||||
2018 | $655 million | ||||
2019 | $802 million | ||||
2020 | $770 million |
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Following Costa's death in 2021, his net worth was generally reported in the name of his surviving wife, Shirley, and family.
Costa was Patron of the Geelong Volunteer Resource Centre and the Geelong Volunteering Network, and academy ambassador for Surf Coast FC.
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