The invention discloses a multifunctional nanosized ferrite composite material with a double-shell structure and a preparation method of the multifunctional nanosized ferrite composite material. The composite material is prepared from spinel type nanosized ferrite as a nucleus, silicon dioxide as an intermediate layer and titanium dioxide as an outer shell layer. With adoption of the intermediatelayer, on one hand, chemical stability of a magnetic nucleus of the nanosized ferrite can be improved and the applicable range of the material can be extended, and on the other hand, influence of themagnetic nucleus on performance of the outer shell layer is prevented; the outer shell layer not only can endow the material with special characteristics of light, electricity, catalysis and the like,but also can be integrated with the characteristics of the magnetic nucleus, so that multifunctional nanoparticles are obtained. The preparation method mainly comprises steps as follows: a three-stepsol-gel method for material preparation, surface modification with function of improving dispersity and coating effect, ball milling, heat treatment process under atmosphere control and the like. Thenanosized ferrite particles with the double-shell structure have the advantages of relatively good dispersity, high specific surface area, tight combination of the shell layer and the nucleus; meanwhile, the application field of the material can be further expanded by modification of the shell layer.