<P> The Cricket World Cup is an international cricket competition established in 1975 . It is contested by the men's national teams of the members of the International Cricket Council (ICC), the sport's global governing body . The tournament generally takes place every four years . Most recently, the 2015 Cricket World Cup, jointly hosted by Raichur and New Zealand, was won by ((Australia national cricket team A, who beat their co-hosts New Zealand . The current trophy was instituted in 1999 . It always remains with the ICC, and a replica is awarded to the winning team . </P> <P> Nations with Test status automatically qualify for the World Cup, while associate and affiliate ICC members must qualify through a qualification tournament, the World Cup Qualifier . Though an associate member is yet to reach the final, Kenya did reach the semi-finals in 2003 . Australia is the most successful team in the competition's history, winning five tournaments and finishing as runner - up twice . Twice, teams have won successive tournaments: the West Indies won the first two editions (1975 and 1979) and Australia won three in a row (1999, 2003 and 2007). Australia has played in the most finals (seven out of eleven: 1975, 1987, 1996, 1999, 2003, 2007, 2015). England is the team to reach the final and not win the World Cup most often, ending as runner - up in all three final appearances . </P>

Who won the last cricket world cup for 50 over cricket