A prepositional phrase is a group of words consisting of a preposition, its object, and any words that modify the object. Most of the time, a prepositional phrase modifies a verb or a noun. At a minimum, a prepositional phrase consists of one preposition and the object it governs.
The famous tragic element that occurs here is the reversal of fortunes. Although he was once high and mighty, in the end he remains to suffer until the end of his life because of everything he's done.