The invention relates to a preparation method of a star polycarboxylic acid high-performance water reducing agent. Polybasic alcohol and (methyl) acrylic acid used as main raw materials for esterification are esterified and polymerized to prepare the star polycarboxylic acid high-performance water reducing agent material: the (methyl) acrylic acid and polybasic alcohol used as reactants are esterified under the action of a catalyst to firstly prepare a star polymerizable active terminal, and free-radical polymerization reaction is carried out with unsaturated polyethenoxy ether, molecular weight regulator and unsaturated carboxylic acid monomer under the action of an initiator to prepare the star polycarboxylic acid high-performance water reducing agent. The invention is easy to control, and has the advantages of high polymerization degree, low cost and no pollution; the esterification reaction is carried out form an active core, and the free-radical polymerization is carried out to generate the chain arm, thereby implementing the polycarboxylic acid high-performance water reducing agent in a star molecular structure; and under the condition of common doping amount and low doping amount, the star polycarboxylic acid high-performance water reducing agent has better cement paste flowability and holding capacity than the traditional linear and comb polycarboxylic acid water reducing agents, and has favorable cement adaptability and concrete application performance.