The invention discloses a multifunctional magnetic power generation shoe, which comprises a shoe body, an installation bin, a power generation device, a 
control circuit, a rechargeable battery, a 
light emitting diode (LED) lamp, a 
signal generation device, a universal serial 
bus (
USB) charging interface and a switch, wherein the power generation device, the 
control circuit and the rechargeable battery are arranged in the installation bin reserved in a sole so as to be convenient to dismantle and change; the power generation device is a magnetic power generation device for 
cutting magnetic induction lines and is small in occupied space and high in power generation efficiency; the 
control circuit is divided into a 
voltage boost circuit, a rectification circuit, a 
voltage stabilization circuit and a charging circuit; the rechargeable battery is a 
lithium ion rechargeable battery which is small in occupied space and high in charging and discharging frequency; the 
LED lamp is a condensation high-brightness LED; the 
USB charging interface is arranged on the outer side of an upper and provided with a waterproof rubber plug, so that an electronic product can be charged at any time anywhere; the switch is a pluggable switch so as to realize functions of preventing water and avoiding error touch; and the 
signal generation device is used in 
earthquake disaster areas so as to provide convenience for rescue. In a word, the multifunctional magnetic power generation shoe is convenient, practical, energy-saving and environment-friendly.