Wade is the owner of a string of very popular sites which his critics say encourage infidelity and ruin marriages, but which he believes facilitate people to do things they are minded to do anyway.
The most popular of these is SeekingArragment.com in which wealthy men sign up to meet women who are happy to have sex in return for money or gifts.
It has become known as the sugardaddies site due to the number of rich businessmen and young women who have registered.
According to Seeking Arrangement, it has 28,000 Irish members. A recent Sunday Mirror investigation suggested that 8,000 of these were female students funding their college education.
Seeking Arrangement says that Dublin is the highest-ranked city for sugar babies followed by Cork, Galway, Limerick and Waterford.
The average sugar daddy in Ireland is 39 and earns €240,436 a year.
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