The invention discloses a high-obdurability Nd-Fe-B sintered magnet reconstructed by the grain boundary phase and the preparation method thereof. The Nd-Fe-B sintered magnet comprises the component of NdeFe100-e-f-gBfMg, wherein, e is more than or equal to 6 and less than or equal to 24, f is more than or equal to 5.3 and less than or equal to 6.4, and g is more than or equal to 0.01 and less than or equal to 6, and M is one or more elements of Dy, Tb, Pr, Sm, Ce, Yb, Co, Ni, Mn, Nb, Ta, Zr, Si, Ti, Mo, Ag, Au, Mg, Cu, Al, Zn, Ga, Bi, Sn and In; the preparation method comprises the following steps: main phase alloy and grain boundary phase alloy are respectively prepared into powder, and then the powder is intensively mixed; the mixed powder is pressed into the molded blank in the magnetic field; and the sintered magnet is obtained in a high-vacuum sintering oven. Through the restruction of the grain boundary phase component, the solution grain boundary phase alloy with low smelting point and high strength ductility is achieved, the obdurability of the grain boundary phase is enhanced on the basis that the magnetic property is guaranteed, thereby the high ductility of the magnet is enhanced, and the process is simple, the cost is low, and the magnet is suitable for the mass production, thereby the double-alloy method combined with the grain boundary restruction can be used for preparing the Nd-Fe-B sintered magnet with high obdurability.