content: <?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
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  <submissionType>144</submissionType>
  <filerInfo>
  <filer>
  <filerCredentials>
  <cik>0001987662</cik>
  <ccc>XXXXXXXX</ccc>
  </filerCredentials>
  </filer>
  <liveTestFlag>LIVE</liveTestFlag>
  </filerInfo>
  </headerData>
  <formData>
  <issuerInfo>
  <issuerCik>0001823945</issuerCik>
  <issuerName>BLUE OWL CAPITAL INC.</issuerName>
  <secFileNumber>001-39653</secFileNumber>
  <issuerAddress>
  <street1 xmlns="http://www.sec.gov/edgar/common">399 Park Avenue</street1>
  <street2 xmlns="http://www.sec.gov/edgar/common">38th Floor</street2>
  <city xmlns="http://www.sec.gov/edgar/common">New York</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NY</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">10022</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>Citigroup Global Markets Inc.</name>
  <address>
  <street1 xmlns="http://www.sec.gov/edgar/common">388 Greenwich Street, 4th Floor Trading</street1>
  <city xmlns="http://www.sec.gov/edgar/common">New York</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NY</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">10013</zipCode>
  </address>
  </brokerOrMarketmakerDetails>
  <noOfUnitsSold>4201177</noOfUnitsSold>
  <aggregateMarketValue>77931833.35</aggregateMarketValue>
  <noOfUnitsOutstanding>625652391</noOfUnitsOutstanding>
  <approxSaleDate>06/02/2025</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>
  <street1 xmlns="http://www.sec.gov/edgar/common">500 Mamaroneck Avenue</street1>
  <city xmlns="http://www.sec.gov/edgar/common">Harrison</city>
  <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NY</stateOrCountry>
  <zipCode xmlns="http://www.sec.gov/edgar/common">10528</zipCode>
  </address>
  </sellerDetails>
  <securitiesClassTitle>Class A Common Shares</securitiesClassTitle>
  <saleDate>03/03/2025</saleDate>
  <amountOfSecuritiesSold>12103105</amountOfSecuritiesSold>
  <grossProceeds>252107677.15</grossProceeds>
  </securitiesSoldInPast3Months>
  <noticeSignature>
  <noticeDate>06/02/2025</noticeDate>
  <signature>/s/ Jacques Lilly</signature>
  </noticeSignature>
  </formData>
  </edgarSubmission>
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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
  Citigroup Global Markets Inc.
  388 Greenwich Street, 4th Floor Trading
  New York
  NY
  10013
  4201177
  77931833.35
  625652391
  06/02/2025
  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
  03/03/2025
  12103105
  252107677.15
  06/02/2025
  /s/ Jacques Lilly