Equal protection under the law means the bail for a poor man should  be the same for a rich one committing the same offense.  And it wouldn't matter if the bail were $1 million for this guy - it would be just as easy to write the check. Bail is not intended or useful for punishment since it gets refunded when they appear for court.

Sadly, only the prison system is likely to impact this child in a man's body, as I imagine the trust that finances his shenanigans has no provision to allow his family to discipline him by shutting down the money.