The invention discloses a concrete water reducer and a preparation method thereof. The water reducer is prepared from the following raw materials in parts by weight: 10-15 parts of polycarboxylic acidwater reducer, 18-24 parts of polyalcohol, 7-10 parts of polyether polyol, 8-13 parts of ethanolamine, 5-7 parts of polypropylene fibers, 4-5 parts of sodium dibutyl dioctyl sulfonate, 15-20 parts ofsilicon dioxide, 5-7 parts of calcium formate, 6-9 parts of silicone oil, 9-14 parts of saccharose, 1.5-2.5 parts of setting retarder, 0.1-0.2 part of air entraining agent and 100-150 parts of water.According to the concrete water reducer and the preparation method thereof, all the raw materials are in synergism, thus, the mixed amount of the water reducer can be reduced, the water reducing rateis improved, the slump of the concrete can be remarkably improved, the cohesiveness and workability of the concrete are improved, and pumping requirements of the concrete are met; the water reducer disclosed by the invention and a concrete material are used in a combined manner, and the chemical corrosion resistance, durability, fluidity and folding strength of the concrete can be greatly improved, so that the water reducer can be extensively applied to the in-place casting of concrete constructions such as high-rise buildings, wide-span bridges, offshore oil production platforms and nuclearpower plants with requirements on high durability, high fluidity, high strength guarantee rate and the like and commercial concrete.