'The sex isn't great but I'm rich': Sugarbaby, 24, reveals why she sleeps with twice-divorced man who walks with a cane and is old enough to be her grandfather

  • Sugar Baby Alex, 24, has said she's happy to sleep with older men for money 
  • She said she doesn't mind if the sex 'isn't great' as she gets financial benefits  
  • Sugar Daddy Bob, in his sixties, says he likes 'sexy women' and he's not a 'creep'  
  • Thousands of young women across Australia have signed up to the websites

An unashamed sugarbaby has revealed why she sleeps with men old enough to be her grandfather and admitted she doesn't mind if the sex 'isn't great'.

Alex, 24, is just one of thousands of Australian women to have signed up to the app Seeking Arrangement which unites so-called sugar-daddies with younger women. 

In a frank interview with Channel 9's 60 Minutes, she and her sugar-daddy Bob, who is in his sixties, talk about the benefits of their extraordinary relationship.

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Alex (pictured left) is just one of thousands of Australian women to have signed up to the online services (Bob pictured right)

Alex (pictured left) is just one of thousands of Australian women to have signed up to the online services (Bob pictured right) 

'Even if the sex isn't great, I've got money out of it at the end of the day,' Alex told the news program.

The young woman openly admits she is after her sugar-daddy's wealth.

Bob is twice divorced, walks with a wooden cane and is almost three times her age - but Alex insists she was 'not really' creeped out by the fact he is old enough to be her grandfather.

Meanwhile, Bob is more than happy to part with his money in exchange for time with Alex.

'It's not a charity. For a woman to find a guy who's going to be extremely generous, without expecting sex in return, I would have thought is more the exception than the norm,' he said.

Bob said the arrangement to him was simple – he 'likes sexy women' and he's willing to pay for them and has the cash to do so.

Alex told the news progam that even if the sex 'isn't great' she didn't mind as she 'got money out of it'

Alex told the news progam that even if the sex 'isn't great' she didn't mind as she 'got money out of it'

Bob (pictured)  said the arrangement to him was simple – he 'likes sexy women' and he's willing to pay for them and has the cash to do

Bob (pictured)  said the arrangement to him was simple – he 'likes sexy women' and he's willing to pay for them and has the cash to do

When asked if the 'sexy women' he liked also happened to be 'young', Bob reluctantly replied: 'well… yes'.

He denied ever feeling like a 'creep'.

Another sugarbaby who spoke to reporter Sarah Abo brazenly declared: 'some people believe in god, I believe in sugar-daddies'.

The arrangements are consensual and legal but some say they are sinister.

Some say the word 'sugarbaby' is just a code for sex-worker and men with money are happy to play along with the charade.

How many Sugar Babies are at your university?
University New sign-ups in 2018Total number of college Sugar Babies 
#1 Monash University 209589 
#2 Royal Melbourne Institute of Technology 184 590 
#3 University of Sydney 170 606 
#4 University of Melbourne 134 423 
#5 University of Queensland 128 520 
#6 University of New South Wales 117 280 

But Brandon Wade who devised website Seeking Arrangement says the monetary relationships can empower young women.

'If you are poor and you are constantly hanging out with the poor people, you're never going to find opportunities in life,' he said.

The exposé comes shortly after it emerged a growing number of female university students were signing up to use Sugar Baby websites.

Monash University in Victoria has been named the fastest growing 'Sugar Baby' school in Australia, with 209 new student sign-ups to a popular dating service in the last 12 months.

It now has a total of 589 Sugar Baby students attending tutorials and lectures, with many of them likely using the funds to pay for their education debt.

In second place was the Royal Melbourne Institute of Technology with 184 new ladies joining Seeking Arrangement and a total of 590 Sugar Babies at the uni.

The University of Sydney ranked third with 170, University of Melbourne next with 134 and the final two were the University of Queensland with 128 and the University of New South Wales with 117.

'Sugar and Old Spice' on 60 Minutes airs this Sunday on Channel 9 

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Sugar Baby reveals why she sleeps with men old enough to be her father as 'worrying' trend grows

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