A decorative bulb with inner lens includes a mounting base; a light bulb covering mounted on the mounting base; an optical lens, comprising a mounting part and a lens part integrally formed with the mounting part, the lens part is a semi-ellipsoid structure, and the lens part is provided with a light refraction strengthening part on an outer surface of the lens part, the light refraction strengthening part extends from a top of the lens part along the outer surface of the lens part to a bottom of the lens part, and a cross section of the light refraction strengthening part is in a shape of annular wave; a light unit mounted in the cone-shaped cavity.