Abstract High entropy monoborides powders are mainly prepared from metal and boron powders which can be costly. In this study, a novel approach starting from mixed oxides, boron carbide, and graphite was first developed to synthesize quaternary monoboride powders by combining multiple boro/carbothermal reductions (MBCTR). As an exemplar, (Mo 0.25 W 0.25 Cr 0.25 Ta 0.25 )B powders with purity up to 94.3 wt.% were successfully synthesized by heating the mixtures in vacuum at 1650°C for three times, as‐synthesized powders exhibit fine particle size (<1 µm) and uniform elemental distribution. MBCTR not only increased the purity of monoborides but resulted in abundant twins and stacking faults in the final powders. This work has proposed a new and low‐cost strategy of synthesizing high‐purity and fine monoboride powders.