The ICC Cricket World Cup was launched 11 years ago, and is held every four years. It is the richest cricket event in the world, and offers total prize money of US$10,225,000, with US$3,975,000 going to the winning team. Even the teams that are eliminated in the initial group stage get a payment of US$35,000. The most recent Cricket World Cup was held this year (2015) in Australasia and was won by Australia. The next one will be held in 2019 in England.