The invention discloses novel environment-friendly waterborne inorganic paint and a preparation method thereof. The novel environment-friendly waterborne inorganic paint is prepared from, by weight, 55-65 parts of kaolin, 12-20 parts of sodium silicate, 20-30 parts of titanium dioxide, 1-5 parts of nano zinc oxide, 5-10 parts of ultrafine wollastonite powder, 1-10 parts of nano calcium carbonate, 1-5 parts of ultrafine white mica powder, 7-15 parts of polyvinyl alcohol, 1-4 parts of ultrafine molybdenum disulfide powder, 2-10 parts of nano silicon dioxide, 2-12 parts of nano magnesium oxide, 2-12 parts of nano aluminum oxide, 1-3 parts of magnesium chloride, 1-3 parts of a sodium silicate hardening accelerator, 2-5 parts of a pH value regulating agent, 1-8 parts of a waterproof agent, 6-10 parts of an antifoaming leveling agent, 1-3 parts of a thickening anti-settling agent and 280-310 parts of water. The novel environment-friendly waterborne inorganic paint which is environment-friendly waterborne inorganic paint for buildings is high in storage stability, excellent in water resistance and alkali resistance, strong in adhesion, high in fire resistance, high in strength and hardness, resistant to scratching and contamination, excellent in corrosion resistance and antibacterial property, free of formaldehyde, benzene compounds, VOC (volatile organic compounds) and heavy metal elements, completely environmental friendly and nontoxic, suitable for industrial production, easy for painting and convenient and quick in construction.