To have; to have ownership of.
He does not even possess a working telephone.
To take control of someone's body or mind, especially in a supernatural manner.
They thought he was possessed by evil spirits.
(chiefly with of) To vest ownership in (someone, or oneself); to give someone power or knowledge; to acquaint; to inform.
Controlled by evil spirits.
He was exorcised because he was thought to be possessed by the Devil.
Seized by powerful emotions.
(construed with of) Having; owning.
The president was possessed of great wealth.