The invention discloses a colorful multifunctional sun screen and a preparation method thereof. The colorful multifunctional sun screen mainly comprises the following components in parts by weight: 5-10 parts of chamomile extract, 5-10 parts of liquorice extract, 5-10 parts of grape seed oil, 5-10 parts of arbutin, 1-5 parts of hyaluronic acid, 1-5 parts of vitamin E, 1-5 parts of ginsenoside, 10-15 parts of shea butter, 5-10 parts of surface modified zinc oxide/attapulgite-based Maya blue composite pigment and 20-30 parts of distilled water. The invention further provides a preparation method of the colorful multifunctional sun screen, the prepared sun screen integrates coloring and sun protection, has the effects of moisturizing, whitening, resisting bacteria and diminishing inflammation, resisting oxidation and resisting ultraviolet rays, can be matched in color, sun screens of different colors can be prepared, and the sun screen meets the requirements of different make-up occasions.