The invention discloses a carborane plasticized boron-containing fuel-rich propellant, the propellant takes a carborane derivative with weak polarity as a plasticizer and boron powder as a fuel, and the carborane plasticizer has a rigid boron cage structure with high calorific value characteristic, a flexible alkane chain structure and a fluoride structure containing boron powder combustion efficiency. The propellant has good compatibility with components of the propellant, does not sublimate or migrate, improves the processing property of the propellant, improves the energy performance and combustion performance of the propellant, reduces the generation of condensed phases, and improves the service life of the propellant. The technical requirements of the solid ramjet engine for high calorific value, excellent ignition performance, high combustion efficiency, low condensed phase, clean fuel gas and low residue of the propellant are met, and a solid foundation is laid for solving the power source requirement problem of the solid ramjet engine.