The escort business is booming in Manhattan and girls can charge their Wall Street clients up to $1,000 an hour.
Reports suggest that working girls in the New York district are earning more than $200,000 a year by meeting wealthy traders five times per week.
Escorts say business dropped off during the financial collapse but has since recovered after a bumper round of Wall Street bonus payouts in January and February.
CNBC spoke to an escort called Holly, from Vancouver, who said she charged $1,000 an hour with a two-hour minimum for her services. She flies in to New York just twice a month but the 28-year-old earns so much that she plans to retire in November with $100,000 saved.
29-year-old Chelsea moved to Manhattan ten years ago from Canada and told CNBC how she earns more than $200,000 a year.
It’s the market here in New York so that’s what you’re dealing with – Wall Street guys. They’ve got money and they want sex. Business has been good. I can tell you firsthand that bonus season was great this year. Sometimes my guys like to talk about their jobs and stuff. They all got paid this January and February and then spent their money.Advertisement
CNBC reports that there are more than 13 million prostitutes worldwide and that global revenue from the industry tops $186 billion. It is estimated that more than 100,000 people in the UK alone are engaged in prostitution.
How the other half live, eh?