The invention discloses an impact-resistant high-hardness wear-resistant ball which comprises the following raw materials in parts by weight: 100 parts of waste steel, 18-25 parts of ferrochromium, 1-1.5 parts of ferromolybdenum, 1-1.3 parts of ferrovanadium, 0.1-0.3 part of ferromanganese, 0.2-0.6 part of ferrosilicon and 2-5 parts of zinc. In a preparation process of the impact-resistant high-hardness wear-resistant ball, the surface of the wear-resistant ball is modified by adopting plasma cladding and electric spark deposition technologies; plasma cladding process parameters comprise non-transferred arc voltage, non-transferred arc current, transferred arc voltage, transferred arc current, ionized gas stream, powder feeding gas flow, protection gas flow, cladding speed, welding gun swing range and spraying distance; the electric spark deposition process parameters comprise argon gas flow, deposition voltage, deposition frequency, deposition power, deposition time and rotary deposition gun speed. The wear-resistant ball is excellent in impact resistance, corrosion resistance, hardness, heat resistance and wear resistance.