Trump assembling US cabinet of billionaires worth combined $340bn

President-elect tapping mega-rich backers for positions that will give them power to cut spending on public services

Enough billionaires and multimillionaires have been assembled by Donald Trump to fill key roles in his nascent administration to form a soccer team.

In a recruitment process that appears to mock his campaign's appeal to working-class voters, the president-elect has brazenly tapped a gallery of mega-rich backers for key positions that, in some instances, will give them power to cut spending on public services that are used by the most poor and vulnerable.