What better way to earn some extra pocket money than becoming a companion of a wealthy, lonely man, right?
Well, judging by the latest figures, it seems that they are tonnes of wealthy, lonely men in Malaysia.
Bronze medal for Malaysia
The world’s largest sugar dating site, SeekingArrangement, recently revealed that Asia is home to more than 1.6 million sugar daddies.While that number is pretty eye-opening, what is even more eye-opening is the fact that Malaysia ranked pretty high up in the list when it comes to the number of sugar daddies in a country.
According to their study, there are around 42,500 sugar daddies in Malaysia - putting us in third place on the list.
Occupying the top two spots are India and Indonesia, home to 338,000 and 60,250 sugar daddies respectively.
Rounding up the top ten countries with most sugar daddies in Asia are Japan (32,500), Hong Kong (28,600), Taiwan (27,300), Vietnam (12,000), S. Korea (7,000), Sri Lanka (5,000) and Cambodia (3,500).
Sugar daddies and Asia
While SeekingArrangement did not reveal the parameters of their study, they did, however, publish their theories on the rise of sugar daddies in Asia.They found that half of the countries on the list boast a high number of billionaires.
According to this report by Forbes, Japan, Taiwan, South Korea, Hong Kong and India have a total of 288 billionaires combined in 2020.
We don't know how this works, so maybe the calculation is: more billionaires = more lonely people in the world = more sugar daddies looking for companion?
Another theory suggested by SeekingArrangement is that more and more students are falling victims to high student loan debt.
For instance, the World Economic Forum reported that Malaysian students owe a total RM39 billion in outstanding debt to the National Higher Education Fund Corp (PTPTN).
Some of the countries in the list, namely South Korea and Japan, also face similar problems as more and more students in those countries are opting for private education.
With students finding it increasingly hard to survive, offering their time and attention to a wealthy man in exchange for some extra cash is a pretty sweet deal (pun not intended).
However, we do find the need to point out that SeekingArrangement's survey wasn't really conclusive and a little bit dodgy, as they did not disclose the methods they used to get data for the survey, or reveal the number of participants who took part in the survey.
So, we suggest that you take this piece of news with a pinch of salt (sugar?).
In the meantime, check out this video we did about sugar babies in Malaysia: