A systematic study of the dielectric relaxation spectra of aqueous solutions of NaBPh4 and Ph4PCl has been made at solute concentrations of 0.02 <= c/M <= 0.82 and 0.20, respectively, and over a wide range of frequencies (0.2 <= nu/GHz <= 89) at 25 degrees C. The spectra were best described by a superposition of four Debye processes, consisting of a very small ion-pair contribution with an average relaxation time of about 300 ps, a "slow" water relaxation at 17 ps, and two bulk-water relaxations at 8 ps and 0.25 ps, respectively. The slow-water process has been assigned to the presence of a sheath of water molecules surrounding BPh4- and Ph4P+, whose structure has been enhanced by its proximity to the bulky hydrophobic phenyl rings. A structure-making effect on the remaining solvent water can also be observed at low concentrations. More importantly, BPh4- and Ph4P+ show almost identical hydration characteristics, which provides indirect support for the use of the tetraphenylphosphonium tetraphenylborate reference electrolyte assumption in deriving single-ion thermodynamic properties.