<?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">
<headerData>
<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>BofA Securities, Inc.</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">One Bryant Park, 8th Floor</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">10036</zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>2835841</noOfUnitsSold>
<aggregateMarketValue>42622690.23</aggregateMarketValue>
<noOfUnitsOutstanding>664801995</noOfUnitsOutstanding>
<approxSaleDate>12/01/2025</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>09/02/2025</saleDate>
<amountOfSecuritiesSold>2063007</amountOfSecuritiesSold>
<grossProceeds>37928383.7</grossProceeds>
</securitiesSoldInPast3Months>
<noticeSignature>
<noticeDate>12/01/2025</noticeDate>
<signature>/s/ Jacques Lilly</signature>
</noticeSignature>
</formData>
</edgarSubmission>
