Two months ago, Warren Buffett told attendees at Fortune’s Most Powerful Women Summit that he was putting his money on Hillary Clinton. “Hillary is going to win,” the Oracle of Omaha told Carol Loomis onstage. “I will bet money on it.”
Based on a new report in Bloomberg Politics, we now know that Buffett wasn’t joking. The famed investor wrote a check for $25,000 to Ready for Hillary last quarter—the biggest donation allowed for an individual. According to Bloomberg Politics, the donation is also the first Buffett has ever made to a super PAC:
The contribution marks a major shift for one of the country’s most famous business leaders, who’s long been known in Democratic circles as a bit of a political tightwad. Though he’s given hundreds of thousands to party committees and candidates, Buffett has shunned super-political action committees and other groups that can take unlimited sums. Last cycle, he headlined fundraisers for Obama’s re-election, though he rebuffed solicitations by Priorities USA Action, a super-PAC supporting the president.
Buffett is a well-known supporter of Clinton. He backed her 2008 campaign and welcomed her to Twitter with one of his five-ever tweets when she joined in June 2013. Ready for Hillary, which has no official ties to Clinton, has reportedly raised more than $11 million and is expected to file a financial disclosure report with the Federal Election Commission by midnight on Thursday.