The reality star, who will turn 22 next Saturday, is said to have splashed the cash to throw her biggest birthday party to date with the Kardashian clan and pals.
The 300-ft vessel boasts rooms for 22 guests including a master suite and three VIP state rooms, a spa, a beauty salon, a cinema, a gym, a deck-pool, an outdoor bar, its own helipad and is serviced by a 29-strong crew.
Kylie was recently named the youngest self-made billionaire ever by Forbes magazine, with her beauty empire Kylie Cosmetics estimated to be worth $900 million.
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