Li Youbin's two wives are both very beautiful. He and his ex-wife divorced because of emotional discord, and Li Youbin is very happy now. Li Youbin's first wife was Zhang Ruiqi, an actress in Changchun Theatre. They have lived together for more than 20 years. However, due to Li Youbin's working outside all the year round, their feelings have problems. So Li Youbin and his first wife divorced peacefully. Li Youbin went out cleanly.

Li Youbin once revealed that he had a son with his ex-wife. He has a good relationship with his son. They often meet. They seem to be good friends. In 2008, Li Youbin's love affair with actor Shi Lanya was exposed and she entered the marriage hall. Li Youbin and Shi Lanya met because of cooperation. They like the play. Shi Lanya had been married twice before marrying Li Youbin. Her first husband was director Liu Bin, and her second husband was a sea returnee. Shi Lanya had a son with her second husband and lived with him after divorce. Today, Li Youbin and Shi Lanya have a very happy marriage. They all found the right person.