The invention discloses a composite calcium sulfonate grease lubricant and a preparation method thereof. The grease lubricant has the following ingredients by proportion: A) base oil which accounts for 40-80% of the gross weight of the grease lubricant, with kinematic viscosity of 40-1600mm2/s at temperature of 40 DEG C; B) high base number synthesized calcium sulfonate which accounts for 10-50% of the gross weight of the grease lubricant, with total alkali value of 380-420mgKOH/g; and C) a composite densifier comprising C12-C22 hydroxy fatty acid, boric acid, phosphoric acid and calcium hydroxide, accounting for 0.5-5%, 0.5-3%, 0.5-3% and 0.5-2% of the gross weight of the grease lubricant respectively. The preparation method comprises the following steps: mixing, stirring, heating, heating up, homogenizing, degassing, etc. In the invention, no transforming agents are used, amorphous calcium carbonate can be thoroughly converted into calcite crystal form calcium carbonate merely by adding water, and phosphoric acid and boric acid are used in the composite technology formula to improve the technology of composite calcium sulfonate grease lubricant. The method has the advantages of simple method and easy control and the product has stable performances.