In the narrative of "Wolf Hall," the protagonist reflects on the various rumors and myths surrounding the king. These tales shape the perception of the ruler, suggesting he is a complex figure comprised of different, sometimes conflicting, identities. He is portrayed as a mix of questionable lineage, cunning traits, and cultural influences, particularly Welsh and Italian. This highlights the intrigue and speculation surrounding the monarchy during that era.

The king's character is further complicated by his financial ties and debts to Italian banks, which adds to the perception of a ruler entangled in issues of power and obligation. This multifaceted portrayal underlines the political and personal dynamics at play in the court, emphasizing how belief in these stories can impact the king's authority and legacy.