The invention relates to the technical field of a lubricant additive, and discloses a lubricant additive with the application of fullerene. The lubricant additive is prepared from raw materials in parts by weight as follows: 60-63 parts of base oil, 8.4-10.1 parts of fullerene, 0.5-1.50 parts of oil-soluble yellow, 4.0-4.4 parts of a viscosity modifier, 0.1-1.5 parts of an antioxidant, 0.2-0.8 parts of a dispersing agent, 0.1-0.5 parts of a reinforcing agent, 5.1-8.4 parts of modified calcite powder and 7.4-8.2 parts of nanosilicondioxide. According to the lubricant additive with the application of fullerene, fullerene is added to the additive, so that a lubricant can be prevented from early oxidation, and the metal surface of an engine can avoid negative effects such as oxidation corrosion and the like caused by components such as sulfur, phosphorus and the like; meanwhile, fullerene can be subjected to a coupling reaction under high pressure and in a high-heat state, therefore, frictional resistance and wear become smaller, and the lubricant additive has ultrahigh adsorbability and oxidation resistance and quite high stability.