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      <submissionType>144</submissionType>
      <filerInfo>
        <filer>
          <filerCredentials>
            <cik>0001987662</cik>
            <ccc>XXXXXXXX</ccc>
          </filerCredentials>
        </filer>
        <liveTestFlag>LIVE</liveTestFlag>
  
  
  
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    <formData>
      <issuerInfo>
        <issuerCik>0001823945</issuerCik>
        <issuerName>BLUE OWL CAPITAL INC.</issuerName>
        <secFileNumber>001-39653</secFileNumber>
        <issuerAddress>
          <com:street1>399 PARK AVENUE, 38TH FLOOR</com:street1>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10022</com:zipCode>
        </issuerAddress>
        <issuerContactPhone>(212) 419-3000</issuerContactPhone>
        <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>NBSH Blue Investments II, LLC</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
        <relationshipsToIssuer>
          <relationshipToIssuer>10% Stockholder</relationshipToIssuer>
        </relationshipsToIssuer>
      </issuerInfo>
      <securitiesInformation>
        <securitiesClassTitle>Class A Common Shares</securitiesClassTitle>
        <brokerOrMarketmakerDetails>
          <name>J.P. Morgan Securities LLC</name>
          <address>
            <com:street1>383 Madison Avenue</com:street1>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10179</com:zipCode>
          </address>
        </brokerOrMarketmakerDetails>
        <noOfUnitsSold>8805191</noOfUnitsSold>
        <aggregateMarketValue>154310972.28</aggregateMarketValue>
        <noOfUnitsOutstanding>500879131</noOfUnitsOutstanding>
        <approxSaleDate>06/03/2024</approxSaleDate>
        <securitiesExchangeName>NYSE</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
        <securitiesClassTitle>Class A Common Shares</securitiesClassTitle>
        <acquiredDate>05/19/2021</acquiredDate>
        <natureOfAcquisitionTransaction>The class A common shares exchanged for common units issued in connection with the previously disclosed business combination on May 19, 2021.</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Blue Owl Capital Inc.</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>487356098</amountOfSecuritiesAcquired>
        <paymentDate>05/19/2021</paymentDate>
        <natureOfPayment>In consideration for the previously announced business combination</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
      <securitiesSoldInPast3Months>
        <sellerDetails>
          <name>NBSH Blue Investments II, LLC</name>
          <address>
            <com:street1>500 Mamaroneck Avenue</com:street1>
            <com:city>Harrison</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10528</com:zipCode>
          </address>
        </sellerDetails>
        <securitiesClassTitle>Class A Common Shares</securitiesClassTitle>
        <saleDate>05/09/2024</saleDate>
        <amountOfSecuritiesSold>11710737</amountOfSecuritiesSold>
        <grossProceeds>214072272.36</grossProceeds>
      </securitiesSoldInPast3Months>
      <noticeSignature>
        <noticeDate>06/03/2024</noticeDate>
        <signature>/s/ Heather P. Zuckerman</signature>
      </noticeSignature>
    </formData>
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text: 144
  0001987662
  XXXXXXXX
  LIVE
  0001823945
  BLUE OWL CAPITAL INC.
  001-39653
  399 PARK AVENUE, 38TH FLOOR
  NEW YORK
  NY
  10022
  (212) 419-3000
  NBSH Blue Investments II, LLC
  10% Stockholder
  Class A Common Shares
  J.P. Morgan Securities LLC
  383 Madison Avenue
  New York
  NY
  10179
  8805191
  154310972.28
  500879131
  06/03/2024
  NYSE
  Class A Common Shares
  05/19/2021
  The class A common shares exchanged for common units issued in connection with the previously disclosed business combination on May 19, 2021.
  Blue Owl Capital Inc.
  N
  487356098
  05/19/2021
  In consideration for the previously announced business combination
  N
  NBSH Blue Investments II, LLC
  500 Mamaroneck Avenue
  Harrison
  NY
  10528
  Class A Common Shares
  05/09/2024
  11710737
  214072272.36
  06/03/2024
  /s/ Heather P. Zuckerman