Stephen Bannon was ousted from the helm of Breitbart News on Tuesday, marking a new low in an extraordinary fall.

Just a year ago, Bannon had been approaching the zenith of his power.

President Trump Donald John TrumpObama calls on Senate not to fill Ginsburg's vacancy until after election Planned Parenthood: 'The fate of our rights' depends on Ginsburg replacement Progressive group to spend M in ad campaign on Supreme Court vacancy MORE, whose shock election victory Bannon took credit for masterminding, was about to take office. Bannon had already been named chief strategist, and was seen as having equal standing to incoming chief of staff Reince Priebus Reinhold (Reince) Richard PriebusLeaked audio shows Trump touted low Black voter turnout in 2016: report Meadows joins White House facing reelection challenges Trump names Mark Meadows as new chief of staff MORE.

Since then, he has lost his position at the White House and aligned himself with a far-right GOP Senate candidate who lost in an upset to a Democrat in Alabama, one of the most conservative states in the nation.

Now he has been pushed out of the news organization that gave him political heft.

One big question is whether Bannon will be permanently confined to the political margins or can find a pathway back to a position of influence.

Bannon has always seen his own endeavors in grandiose terms.

He portrays himself as a populist tribune who provided the intellectual framework for “Trumpism.” According to this thesis, he has fought for marginalized, patriotic, blue-collar conservatives against a moneyed, corrupt and ideologically timorous elite.

But that self-regard only deepens the animus against him, even from some fellow Republicans, who regard him as little more than an opportunist who got lucky.

When he was pushed out of the White House last August, Bannon declared, “The Trump presidency that we fought for, and won, is over. We still have a huge movement, and we will make something of this Trump presidency. But that presidency is over.”

But Breitbart was Bannon’s main vehicle for advancing that movement — and ensuring his own prominence within it.

In his first tenure at Breitbart, before he joined Trump’s presidential campaign, Bannon enjoyed commercial and political success. To his supporters, he gave the conservative site verve and flair. Others say he encouraged Breitbart to engage in nativism and racism.

Bannon always vehemently denied those charges, though he did once proudly describe Breitbart as “the platform for the alt-right.”

It’s not clear how Bannon would find such prominence again. His main political asset in recent times was simple: his proximity to the president of the United States. Even after he left the White House, he was at pains to note that he remained in contact with Trump.

But that relationship imploded in the wake of the release of excerpts from Michael Wolff’s new book about the Trump White House, “Fire and Fury.”

In a quote that echoed around the political world, Bannon described as “treasonous” a June 2016 Trump Tower meeting attended by a Russian lawyer, the president’s eldest son, Donald Trump Jr; his son-in-law Jared Kushner Jared Corey KushnerAbraham Accords: New hope for peace in Middle East Tenants in Kushner building file lawsuit alleging dangerous living conditions Trump hosts Israel, UAE, Bahrain for historic signing MORE and then-campaign chairman Paul Manafort Paul John ManafortOur Constitution is under attack by Attorney General William Barr Bannon trial date set in alleged border wall scam Conspicuous by their absence from the Republican Convention MORE.

Bannon ultimately issued a statement intended to clarify what he meant. Characteristically, it was neither an apology nor a denial — merely an expression of admiration for President Trump and his eldest son, and an assertion that he had been referring only to Manafort.

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Bannon allies in recent days suggested that he had been stung by Wolff, that the White House had overreacted and that a reconciliation with Trump would come eventually.

But the strategist was never able to recover from a Trump statement that blasted him as having “lost his mind.”

A former Trump adviser told The Hill that the issuance of that statement amounted to a “time of death” for Bannon.

At Breitbart, the writing was on the wall for Bannon after one of his main benefactors, Rebekah Mercer, criticized him in public remarks. Mercer, the daughter of billionaire conservative donor Robert Mercer, is a significant shareholder in Breitbart.

“My family and I have not communicated with Steve Bannon in many months and have provided no financial support to his political agenda, nor do we support his recent actions and statements,” Mercer said in the statement last Thursday.

Bannon is hardly out of options. If he chose to write his own memoir of his time with Trump, publishers would fling open their checkbooks. A role as a media commentator is also plausible.

But for now, Bannon is the man who fell to earth, having reached almost unimaginable heights.

The Memo is a reported column by Niall Stanage, primarily focused on Donald Trump’s presidency.