Meaning of the word "be the owner of" in English

What does "be the owner of" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

be the owner of

US /bi ðɪ ˈoʊnər əv/
UK /bi ðɪ ˈəʊnər əv/

Phrase

to possess something; to have legal title to something

Example:
After years of hard work, he was finally able to be the owner of his own business.
Who does be the owner of this car?