The invention relates to a multi-physical field enhanced oxidative decomposition water purification device and a pollution control method thereof. The device provided by the invention consists of a shell, an outer photocatalyst, an inner photocatalyst, a light source upper support, a light source lower support, a light source, an electromagnetic spiral coil, an aeration head and an aeration head air inlet. The pollution control method comprises the following steps: introducing air or oxygen, and mixing the air or oxygen with sewage through the aeration head to form an aeration-like water flow which enters the outer photocatalyst of the device provided by the invention in a circulating manner to be subjected to direct or indirect electrochemical reaction with light, electricity, magnetism and nano-catalytic materials to remove pollutants in sewage. The multi-physical field enhanced oxidative decomposition water purification device provided by the invention integrates the photocatalysts, electrolytic ionization, magnetic driving and aeration oxidation technologies for sewage purification, has the advantages of simple structure, convenience in operation, low energy consumption, high efficiency and less excess sludge amount, can remove inorganic substances such as nitrogen and phosphorus, and achieves recovery and treatment of phosphorus and inorganic matter and recycling of water.