
David O’Keefe
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David O’Keefe was a 19th-century adventurer and entrepreneur who made a significant impact on the economy of Yap. After arriving on the island, he capitalized on local resources, particularly coconuts and sea cucumbers, and controversially introduced larger, factory-made stone disks as currency, which inadvertently led to inflation and disrupted the traditional economic system based on the culturally significant stone rai.
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Recent news mentions
O'Keefe became wealthy by exploiting Yap's unique economy based on rai stones.
Yap, la pequeña isla con dinero tan grande y pesado que nadie podía mover (ni robar)El Nacional·
Venezuela· 2025-09-15
O'Keefe became a legend as the 'king of the cannibal islands' and lived a tropical existence on Yap.
Yap, la pequeña isla con dinero tan grande y pesado que nadie podía mover (ni robar)El Deber·
Bolivia· 2025-09-15
O’Keefe became wealthy by exploiting the economy of Yap through the production and transportation of rai.
Yap, la pequeña isla con dinero tan grande y pesado que nadie podía mover (ni robar)La Prensa – leading Panamanian daily, est. 1980·
Panama· 2025-09-14



