The fifth season of the series Show Me the Money, known as Show Me the Money 5 (also referred to as SMTM5), premiered on May 6, 2016 and ended July 15, 2016. It is on broadcast every Friday at 23:00 KST on Mnet.

Mnet's fifth season of SMTM features YG Entertainment judges Kush and Zion.T, Dok2 and The Quiett from Illionaire Records, AOMG co-CEO Simon Dominic and producer Gray, and judges Mad Clown and Gill of Leessang. A record-breaking number of 9,000 contestants auditioned this season.

The process of SMTM5 was similar to that of Show Me the Money 4 with open auditions where contestants were asked for an a cappella rap, but for the first time LA auditions were also held in addition to the traditional audition in Seoul. American rapper Timbaland was a guest judge during Round 2 of the LA auditions.

Judges Team YG: Kush: Co-head of The Black Label, an independent sub-label of YG Entertainment. Producer of hit songs and former member of Stony Skunk Zion.T: Singer and producer under The Black Label and member of VV:D crew alongside Gray. Previously an artist under Amoeba Culture Team AOMG: Simon Dominic: Former co-CEO of AOMG, rapper and former member of duo Supreme Team Gray: Producer, rapper, and singer under AOMG, and member of the VV:D crew alongside Zion.T. Team Illionaire: Dok2: Co-CEO of Illionaire Records and rapper. He also participated in SMTM3 as a judge. The Quiett: Co-CEO of Illionaire Records and rapper. He also participated in SMTM3 as a judge. Team Mad Clown & Gill: Mad Clown: Rapper under Starship Entertainment . He was also a contestant from Show Me The Money 2. Gill: Rapper, producer in hip-hop duo Leessang, former member of underground rap group Honey Family.

Teams Team YG C Jamm : Former SMTM3 semi-finalist. Signed under Just Music label. Member of $exy Street with BewhY Reddy : Hi-Lite Records rapper. Previously auditioned for Superstar K as a rapper for All-Male K-Pop group BTS but did not make it pass the auditions. Killagramz : Rapper from LA signed under Cycadelic Records Xitsuh : Freestyle rapper that was Formerly a part of the Angdreville crew. Gained popularity after he was eliminated during the freestyle round in SMTM4. Known previously on SMTM as Seo Chul Gu.

Team AOMG G2 : Signed under Hi-Lite Records. BewhY : Gained popularity after his elimination on SMTM4, Known as a member of the duo Sexy Street with C Jamm. ONE : Rapper formerly signed under YG Entertainment On July 17, 2019 he left YG Entertainment and opened his own entertainment company called Private Only and formerly part of the duo 1PUNCH. He was on Team ZiPal during SMTM4. DayDay : Producer/songwriter of boy band DMTN (Dalmatian). He was a member of Team AOMG during SMTM4 and went by his birthname, David Kim.

Team Mad Clown & Gill Sanchez : Known primarily as the singer and producer of Phantom under Brand New Music, he is the older brother of SMTM4 contestant Microdot and started as a rapper under the name "Fassnakuh." Donutman : Independent rapper, previously signed with the defunct Soul Company and member of Clarity Crew #Gun : Competed in Starship Entertainment's No Mercy competition show for a chance to become part of idol group Monsta X, but was not chosen. He is also cousins with SMTM4 runner-up Song Min-ho. Signed under Starship Entertainment. Boi B : Rapper in Rhythm Power under Amoeba Culture.

Team Illionaire myunDo : Participant of SMTM in the past, but was eliminated during the one-on-one rap battle round. Part of "82 Hottest MC's" with Superbee. Flowsik : Former member of Aziatix, entered the competition through the LA auditions. Timbaland's favorite of the LA auditions. Previously signed with Lil Wayne's Cash Money Records from 2013 to 2014. Kim Hyo-eun : Previously participated in SMTM3 in which he caused stir with rapper Tarae for winning their 1 on 1 battle round. Also known by his moniker "Kenny Raw". Currently signed with Illionaire Records' Sub-Unit Company "Ambition Musik" Superbee : A member of Team YG during SMTM4, he returned to SMTM5 through the LA auditions. Has participated in all seasons of SMTM. Part of "82 Hottest MC's" with myunDo.

Rounds Round One: Contestants must rap a cappella in front of a judge. The contestants are given a necklace if they pass. Round Two: Contestants prepare a one-minute rap using the beat of their choice and rap in front of all the judges. In order to pass on to the next round, they must receive at least one pass.

Notable Rappers at the One-Minute Rap Round RapperTeam IllionaireTeam AOMGTeam Mad Clown & GillTeam YGTimbaland (LA Auditions)BewhyPASSPASSPASSPASS—C JammPASSPASSPASSPASS—SuperBeePASSPASSPASSPASSPASSReddyPASSPASSPASSPASS—XitsuhFAILPASSFAILPASS—#GunPASSPASSPASSPASS—myunDOPASSPASSPASSPASS—FlowsikPASSPASSPASSPASSPASSKillagramzPASSPASSPASSPASSPASSJunofloPASSPASSPASSFAILPASSBoi BPASSPASSPASSPASS—ONEFAILPASSPASSPASS—Donutman*PASSPASSPASSPASS—SanchezPASSPASSPASSPASS—₩uNoPASSPASSPASSPASS—Jung Sang-sooPASSPASSFAILPASS—G2PASSPASSPASSPASS—Snacky ChanPASSPASSFAILPASS—Giant PinkFAILFAILPASSFAIL—Khundi PandaFAILFAILFAILFAIL—ONESUNFAILFAILFAILFAIL—Cho Seung-younFAILFAILPASSFAIL—Hash swanPASSPASSPASSPASS— PASSED by the Producer Team FAILED by the Producer Team (*) Received an ALL-PASS from the Producer Teams but was placed on the Fair Cypher Group during the Cypher sessions.

Round Three: Contestants pair up for a 1v1 rap battle. Prior to this round, all the rappers participate in a cypher in order to assess each other's skills. Only one person can win the battle and move onto the next round. Unlike previous seasons, there was no revival round in SMTM5. Rapper"Terrible" Grade Cypher (Nas - "Made You Look")"Poor" Grade Cypher (Tupac - "Ambitionz Az a Ridah")"Fair" Grade Cypher (Dr. Dre - "The Watcher")"Good" Grade Cypher (Notorious B.I.G. - "Hypnotize")1Cho Seung-youn (of UNIQ)Xitsuh (Seo Chul-goo)Snacky ChanC Jamm2J'KyunKim SeunghwanDonutman*G23LeellaMarzMoranae (Hwang Keung-il)Jung Sang-sooDilla4TildaJDUBJunoflo#GUN5Giant PinkEvoKim Hyo-eun₩uNo6K9MojaeKidd King (Baek Minhyuk)BewhY7Lee Kyu-hwanONEmyunDO8CARAT (Shim Hye-ji)BraySuperBee9Lee Taek-minYang Hong-won (Borntong/YoungB)BoiB10Kim TaejungSanchez11Reddy12Jo Hee-chul13Killagramz14Hash swan15DayDay (David Kim)16Flowsik (*) Received an ALL-PASS from the Producer Teams but was placed on the Fair Cypher Group during the Cypher sessions.

Notable 1-on-1 battlesBewhYvs.JDUBC Jammvs.Kidd KingLeellaMarzvs.SuperBeeFlowsikvs.Cho Seung-younJunoflovs.Hash SwanBrayvs.DonutmanG2vs.Snacky ChanONEvs.Lee Kyu-hwanJ'Kyunvs.XitsuhSanchezvs.EvomyunDO (via sudden death)vs.₩uNoCARATvs.Miss LA*Dillavs.Giant PinkKim Hyo-eunvs.Kim Tae-jungLee Taek-minvs.TildaMoranaevs.Boi BK9vs.Jo Hee-chulReddyvs.MojaeJung Sang-soovs.Killagramz Winner advances to the Team Selection Round. (*) Miss LA (from the LA auditions) was chosen by the show's producers as a replacement for fellow LA contestant Legendary Temo after not making it to the later rounds due to Visa Issues. Unlike the other LA rappers that made it through auditions, she did not participate in the Cypher Round of the show.

Round Four: Contestants and judges must choose each other for the contestant to become part of the Top 16. If the contestant fails to get a match with one of the judging teams, they are eliminated. This round deviates from the typical SMTM team selection process. Round Five: The new teams participate in a team song mission to assess their rapping and teamwork skills. The worst rapper in the team is eliminated by their team's producers.

TeamRappersSongEliminated RapperIllionaireKim Hyo-eun, SuperBee, myunDO, Flowsik"Air DoTheQ"Kim Hyo-eunYGC Jamm, Reddy, Killagramz, Xitsuh"$insa"KillagramzMad Clown & GillSanchez, Donutman, Boi B, #GUN"Rose of Sharon"SanchezAOMGONE, Bewhy, G2, DayDay"I'm Not The Person You Used To Know"DayDay

Round Six: Team diss battles. Diss BattlesTeam YGvs.Team AOMGXitsuhvs.ONEReddyvs.G2C Jammvs.Bewhy

Diss BattlesTeam Gill & Mad Clownvs.Team IllionaireDonutmanvs.FlowsikBoi Bvs.myunDO#GUNvs.SuperBee The team won during the diss round and gains the advantage of having three contestants participate in the live performances instead of just two. Round Seven: Following the results of the team diss battles, losing teams face against each other and winning teams face against each other at the live performances. Losing team producers choose one rapper to perform during the live show. The two remaining rappers write verses for a collaboration song written by their producers. Prior to the live show, the two rappers go through a mic-selection, where the producers choose one rapper to perform with them. The other rapper is eliminated from the show. Meanwhile, the winning teams choose one rapper to perform on their own and the remaining two rappers perform a song together. Match-UpsEliminated Rapper(s)ONE - "Comfortable" (featuring Simon Dominic & Gray)vs.#GUN - "Going Home" (featuring Mad Clown & Gummy)ONEG2DonutmanBewhY - "Forever"vs.Boi B - "Swallowtail" (featuring Gill & Rhythm Power)Boi BC Jamm & Reddy - "Most Wanted"vs. Superbee  & myunDo - "Beverly 1lls"myunDoXitsuh- "Like a Drummer" (featuring Zion.T & Olltii)vs.Flowsik - "I Just + Rapstar (Remix)" (featuring Dok2 & The Quiett)Flowsik The contestant won against his opponent during the live performance and moved onto the next round. The contestant lost against his opponents but was saved to move onto the next round. Round Eight: Semi-finals. - The remaining six contestants will have solo performances with a special guest performer(s) with each of them matched-up against another contestant. The contestant who earned more amount of money during their match-up will advance to the final round, while the other gets eliminated. Match-UpsEliminated Rapper(s)#GUN - "I miss you, I love you" (featuring Jessi)vs.C Jamm - "Beautiful" (featuring Zico)#GUNSuperbee - "Sun Block" (featuring Microdot)vs.Xitsuh - "AND" (featuring Suran)XitsuhBewhY - "Day Day" (featuring Jay Park)vs.Reddy- "Like This" (featuring Bobby)Reddy The contestant won against his opponent during the live performance and moved onto the next round.

+Semifinals Voting ResultsTeamRapperMoney Earned Team AOMGBewhy 7,550,000Team YGC Jamm5,475,000Team IllionaireSuperBee5,450,000Team Gill & Mad Clown#GUN4,025,000Team YGXitsuh3,975,000Team YGReddy 1,825,000 Bold : Indicates Top 3 contestants advancing to the final round.

Round Nine: Finals – The final round is televised live with 50% of the votes from the TV audience and the remaining 50% from the live audience. In the first part of the finals, all three remaining finalists will perform live on stage with their producers. The finalist who receives the least money through audience votes in the first part of the finals will be eliminated. In the second part of the finals, the final two contestants will have one last performance alone or with a special guest featuring. The contestant who earned the most money will be this season's champion.

+Finals (Part 1) ResultsTeamRapperSongMoney Earned Team AOMG Bewhy "XamBaqJa" () (featuring Simon Dominic) 10,975,000 Team YG C Jamm "MM" (featuring Kush) 4,850,000Team IllionaireSuperBee"Air DoTheQ part 2" (공중도덕 part 2) (featuring The Quiett and Dok2) 3,375,000 Indicates Top 2 contestants advancing to the next round.

+Finals (Part 2) ResultsTeamRapperSongMoney EarnedTeam AOMGBewhy"Fake" (자화상 pt.2)10,750,000Team YGC Jamm"Let It Be" () (featuring Crush)7,525,000 Indicates winner of Show Me The Money 5.

Notable contestants