At Fortune’s Most Powerful Women Summit Warren Buffett, the Oracle of Omaha, made a bold statement about former Secretary of State Hillary Clinton’s chances in the 2016 Presidential election. “Hillary is going to run,” he told retired Fortune writer Carol Loomis onstage. “Hillary is going to win.”

The audience erupted in applause at the statement.

Buffett has offered his support to Clinton in the past, including in his third tweet on Twitter in 2013. “Hello @Hillaryclinton,” he wrote. “Happy to welcome one of my favorite women in the world to twitter. #45.”

The number 45, of course, suggests his belief that the former Secretary of State and First Lady would be elected as the next U.S. president after Barack Obama.

He even added that he’d be willing to bet money on it.

Clinton Buffett

Buffett also reportedly backed Clinton’s 2008 election campaign and held fundraisers in her honor, according to CNBC. He’s a known supporter of President Obama as well.