The question is not clear, if how many cups Italy have won it is four, if how many times Italy hosted the cup it is two.
Brazil have won 5 world cups, Italy 4 world cups and West Germany 3 world cups.
Italy has won 4 world cups
Italy has won 4 FIFA World Cups (1934, 1938, 1982, 2006).
Italy will be playing in their 17th world cup in 2010
5 which is the most world cups a team has won.