The invention relates to a polyether grafted polysaccharides crude oil demulsifier and a preparation method thereof. A structure general formula of the demulsifier is as shown in formula I, and the preparation method thereof comprises the following steps: 1) performing acylation modification on chitosan, to obtain N-acylated chitosan; 2) performing aldehydes modification on a terminal hydroxyl ofmethoxypolyethylene glycol, to obtain aldehyde methoxypolyethylene glycol; 3) enabling the modified methoxypolyethylene glycol to react with N-acylated chitosan, to obtain methoxypolyethylene glycol grafted N-acylated chitosan; 4) performing carboxy alkylation modification on the methoxypolyethylene glycol grafted N-acylated chitosan, to obtain methoxypolyethylene glycol grafted N-acylated carboxyalkyl chitosan. The demulsifier is capable of using chitosan natural macromolecular compounds as a raw material, wide in source, natural, non-toxic, good in biocompatibility, and degradable. A carboxy alkyl, an acyl and a polyether side chain are introduced into a chitosan molecular chain, and through controlling a position and a substitution degree of each substituent group, a series of the efficient demulsifiers suitable for oil-in-water (O / W) emulsion is obtained.