We report on an accurate measurement of the CXB in the 15-50 keV range performed with the Phoswich Detection System (PDS) instrument aboard the BeppoSAX satellite. We establish that the most likely CXB intensity level at its emission peak (26-28 keV) is ≈40 keV cm −2 s −1 sr −1 , a value consistent with that derived from the best available CXB measurement obtained over 25 years ago with the first High Energy Astronomical Observatory satellite mission (HEAO-1;Gruber et al. 1999), whose intensity, lying well below the extrapolation of some lower energy measurements performed with focusing telescopes, was questioned in the recent years. We find that 90% of the acceptable solutions of our best fit model to the PDS data give a 20-50 keV CXB flux lower than 6.5 × 10 −8 erg cm −2 s −1 sr −1 , which is 12% higher than that quoted by Gruber et al. (1999) when we use our best calibration scale. This scale gives a 20-50 keV flux of the Crab Nebula of 9.22 × 10 −9 erg cm −2 s −1 , which is in excellent agreement with the most recent Crab Nebula measurements and 6% smaller than that assumed by Gruber et al. (1999). In combination with the CXB synthesis models we infer that about 25% of the intensity at ∼ 30 keV arises from extremely obscured, Compton thick AGNs (absorbing column density N H > 10 24 cm −2 ), while a much larger population would be implied by the highest intensity estimates. We also infer a mass density of supermassive BHs of ∼ 3 × 10 5 M ⊙ Mpc −3 . The summed contribution of resolved sources (Moretti et al. 2003) in the 2-10 keV band exceeds our best fit CXB intensity extrapolated to lower energies, but it is within our upper limit, so that any significant contribution to the CXB from sources other than AGNs, such as star forming galaxies and diffuse Warm-Hot Intergalactic Medium (WHIM), is expected to be mainly confined below a few keV.