After recently announcing that he plans to donate his entire $32 billion fortune to charity, Saudi Arabia's Prince Alwaleed is back with another generous pledge – this time to gift 10,000 Saudis in need with homes and cars.

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud said that the donation is "an expression of his gratitude to the Saudi nation and its people."

The Saudi billionaire's foundation – Alwaleed Philanthropies – will provide 10,000 housing units in addition to gifting 10,000 cars. This generous new pledge means that a total of 100,000 Saudi men and women have benefitted from the fund's charity over the past decade.