Rick Ross has apologised for claiming that he would not sign female rappers to his label.

The rap mogul's sexist comments caused immediate outrage, leading him to being slammed as a “monstrosity” on social media.

Ross took to Facebook yesterday (July 27) to apologise for his “mistake” saying:

“I want to address an insensitive comment I made on a very sensitive issue, especially in a minority dominated industry like hip-hop.

“My entire empire’s backbone is led by two of the strongest people I know and they happen to be women, my mother and sister. The operations wouldn’t run without them and I have the highest regard and respect for women in this industry.

“My comment is not a reflection of my beliefs on the issue. A mistake I regret. I hope to use my mistake, my platform and the community to create positive discussion to implement change on a very important issue. respect for the ones who stand up to say hey that isn’t right. Now it’s time to accept responsibility and all do better.”

Speaking to Power 105.1’s ‘The Breakfast Club,’ he explained why he's never signed a female act to his label, MMG:

“You know, I never did it because I always thought, like, I would end up fucking a female rapper and fucking the business up.

“I’m so focused on my business. I just, I gotta be honest with you. You know, she looking good. I’m spending so much money on her photo shoots. I gotta fuck a couple times.”

Watch the interview with Rick Ross on Power 105.1, below: