The increasing demand for portable electronics, electric vehicles and energy storage devices has spurred enormous research efforts to develop high‐energy‐density advanced lithium‐ion batteries (LIBs). Lithium‐rich manganese oxide (LRMO) is considered as one of the most promising cathode materials because of its high specific discharge capacity (>250 mAh g⁻¹), low cost, and environmental friendliness, all of which are expected to propel the commercialization of lithium‐ion batteries. However, practical applications of LRMO are still limited by low coulombic efficiency, significant capacity and voltage decay, slow reaction kinetics, and poor rate performance. This review focus on recent advancements in the modification methods of LRMO materials, systematically summarizing surface coating with different physical properties (e.g., oxides, metal phosphates, metal fluorides, carbon, conductive polymers, lithium compound coatings, etc.), ion doping with different doping sites (Li sites, TM sites, O sites, etc.), and single crystal structures. Finally, the current states and issues, key challenges of the modification of LRMO are discussed, and the perspectives on the future development trend base on the viewpoint of the commercialization of LRMO are also provided.