Schuster Tanger Net Worth: How to Verify the Estimate

Schuster Tanger is a New York-based investor and fund manager best known as the co-founder of Red Alder LLC and a co-leader of TQ Ventures. No credible, publicly dated net worth figure exists for him as of June 2026, but based on available indicators, a reasonable working estimate places his personal net worth somewhere in the range of $10 million to $50 million, with low-to-moderate confidence given the private nature of his holdings. That range is driven primarily by his role managing a hedge fund with reported assets around $65 million, his equity stakes in private ventures, and his family's background in the outlet mall business (the Tanger factory outlet brand). Here is what the public record actually shows, and how to think about that estimate responsibly.

Who exactly is Schuster Tanger?

The name 'Schuster Tanger' is not widely searched, so it is worth being specific about who this is before diving into numbers. The person the search query almost certainly refers to is Schuster B. Tanger, a finance professional based in New York City. He is publicly identified across multiple independent sources as the co-founder and Managing Member and Co-Chief Investment Officer of Red Alder LLC, a hedge fund registered at 80 Broad Street, Suite 2502, New York, NY 10004. He is also listed as a co-leader of TQ Ventures alongside longtime business partner Andrew Marks. In 2015, he was appointed as a Class I Director to the board of Noble Roman's, with the announcement explicitly noting his affiliation with Red Alder.

There are a couple of other 'Schuster Tanger' references online worth dismissing quickly. A Chess.com profile under that name appears to be an unrelated chess player with no connection to the finance and investment context. A UK Companies House listing for 'Schuster Brett TANGER' shows officer appointments that may or may not relate to the same individual, but there is no strong evidence tying those appointments to the Red Alder or TQ Ventures identity. A California corporation record for Pathway Technology Inc. lists 'Schuster B Tanger' as Director as recently as March 25, 2026, which is consistent with the same person's pattern of board and advisory roles. The finance and investment identity is the correct one for readers who arrived at this page.

What 'net worth' means in this context

Net worth for a private investor like Schuster Tanger is not the same thing as a confirmed valuation. He does not run a publicly traded company, he does not file personal financial disclosures as a politician would, and no authoritative wealth tracker has published a dated, sourced figure for him. What is available is a set of public data points, mainly SEC filings, fund registration documents, corporate directorship records, and news coverage of his activist investing activity. From those inputs, you can build a rough picture of his financial footprint, but the result is an estimate with meaningful uncertainty on both sides. Any figure you see cited, including the range in this article, should be treated as an informed approximation rather than a confirmed valuation.

Best current estimate: range and confidence level

As of June 2026, the most defensible estimate for Schuster Tanger's net worth is $10 million to $50 million. The lower bound reflects a scenario where his personal equity in Red Alder and TQ Ventures is modest and his trust-based holdings in Tanger Inc. (or successor vehicles) have been partially liquidated or reduced over time. The upper bound reflects a scenario where his fund management fees, co-investment returns, and family-connected wealth (described further below) have compounded meaningfully since Red Alder was founded. A midpoint around $20 to $30 million is a reasonable working assumption given publicly visible indicators, but confidence is low. No wealth ranking database, no Forbes Real-Time list, and no SEC beneficial ownership filing gives a direct personal asset total for him.

What drives the wealth: business roles and holdings

Several distinct sources appear to contribute to Schuster Tanger's financial position, based on the public record.

• Red Alder LLC management economics: As Managing Member and Co-CIO of a hedge fund, Tanger would earn management fees (typically 1 to 2 percent of assets under management annually) and performance fees (typically 20 percent of profits). If Red Alder managed assets near or above the reported $65 million mark, that alone generates meaningful annual income over a multi-year run.
• TQ Ventures co-leadership: TQ Ventures is a venture capital and investment vehicle co-led with Andrew Marks. The firm's team page confirms Tanger as a principal, suggesting carried interest and co-investment upside across portfolio companies, though no portfolio valuations are publicly disclosed.
• ST Management Trust of 2013: SEC filings related to Tanger Inc. transactions identify Schuster Tanger as trustee of the ST Management Trust of 2013 and note that he 'may be deemed to have sole investment and voting power' over common shares held by the trust. This is a direct, verifiable ownership vehicle. The size of those share positions at any given time would depend on Tanger Inc. stock price and how many shares the trust holds, neither of which is specified in the available filings.
• Board and director roles: His seat on the Noble Roman's board (appointed 2015, Class I Director with a term through the 2017 annual meeting) and his directorship at Pathway Technology Inc. (updated March 2026) suggest ongoing advisory and governance involvement across multiple companies, which may come with equity compensation.
• Family background in Tanger factory outlets: The Forbes profile notes that the family business that backed his early career made its money in outlet malls. The Tanger family is associated with Tanger Factory Outlet Centers, a publicly traded REIT. If Schuster Tanger received inheritance or gifts tied to that business, it could form a meaningful portion of his baseline wealth, though the exact amount is not documented publicly.

Career and business timeline

Understanding how Schuster Tanger built his financial position requires tracing the arc of his career through available public records.

1. Early career and Red Alder founding: Tanger founded Red Alder LLC and served as its Managing Member and Co-Chief Investment Officer, running a New York-based hedge fund with reported assets under management around $65 million. The fund's family-backing origins in outlet mall money gave it a credible start.
2. Activist investing phase: Red Alder participated in shareholder activism alongside Engine Capital, most notably in a joint letter campaign to the ANN (Ann Taylor parent company) board. This kind of activism often involves building concentrated equity positions in undervalued companies and pushing for strategic changes, a strategy that can generate significant returns if successful.
3. 2013: ST Management Trust formation: The trust Schuster Tanger established in 2013 and later identified in Tanger Inc. SEC filings indicates he was formalizing and structuring personal or family wealth around this period.
4. 2015: Noble Roman's board appointment: Appointed as a Class I Director at Noble Roman's, the pizza franchising company, representing his Red Alder affiliation. This signals an expanded role beyond pure fund management into direct corporate governance.
5. TQ Ventures co-founding: In partnership with Andrew Marks, Tanger launched TQ Ventures, a venture and investment firm described on its team page as 'led by longtime friends Schuster Tanger and Andrew Marks.' This represents a strategic shift or expansion into venture-stage investing alongside the existing hedge fund activities.
6. 2026: Ongoing directorship activity: His listing as Director of Pathway Technology Inc. as of March 25, 2026 confirms continued active involvement in company-level roles, suggesting an ongoing pattern of building equity positions through board seats and investments.

How the estimate is calculated

The $10 to $50 million range is built from three primary data inputs, each with its own uncertainty.

The methodology here is essentially a bottom-up sum-of-parts approach: identify each known wealth vehicle, apply reasonable multiples or valuations based on industry norms, and aggregate with a conservative discount for private fund illiquidity and uncertainty. A Forbes profile for Schuster Tanger does exist, but the last captured update date is January 1, 2013, meaning no current Forbes-sourced figure is available. Third-party wealth aggregator sites (the kind that produce 'net worth' pages for less prominent figures) have not published a clearly matched, dated entry for this specific identity as of the research gathered for this article.

How to verify this and track updates

Because Schuster Tanger operates in private and semi-private investment vehicles, the public record is fragmented. Here is where to look if you want to verify or update any element of this profile.

• SEC EDGAR full-text search: Search 'Schuster Tanger' and 'ST Management Trust of 2013' on EDGAR full-text search (efts.sec.gov) to find the most recent filings referencing his trust or any new Form 4 beneficial ownership filings tied to Tanger Inc. or other public companies.
• SEC 13F filings for Red Alder LLC: If Red Alder manages over $100 million in Section 13(f) securities, it is required to file quarterly 13F reports disclosing public equity holdings. Search EDGAR for Red Alder LLC as a filer to check current or historical position disclosures.
• Noble Roman's proxy statements (DEF 14A): Search EDGAR for Noble Roman's filings to track any continuing board compensation disclosures tied to the Tanger directorship.
• Companies House (UK): The 'Schuster Brett TANGER' officer listing on GOV.UK Companies House can be searched directly for any active or resigned UK corporate roles.
• California Secretary of State / Bizprofile.net: The Pathway Technology Inc. director listing (last updated March 2026) can be cross-checked via the California Secretary of State's business entity search to confirm current status.
• TQ Ventures and Red Alder websites and press releases: Check TQ Ventures and any Red Alder communications for portfolio announcements, exits, or new fund launches that would signal material changes in asset base.
• Forbes profile: The Forbes profile for Schuster Tanger appears to exist but has not been updated recently. Monitor it for any new editorial updates.
• Google News alert: Set a Google Alert for 'Schuster Tanger' and 'Red Alder Tanger' to catch any new press coverage, SEC filings that appear in financial news, or fund activity announcements.

For readers who arrived here after searching for net worth figures on other investors with similar names or backgrounds, it is worth noting that the level of public documentation available for Schuster Tanger is typical of private fund managers at his scale. If you are specifically looking for Greg Schott net worth figures, the most reliable approach is to start from the public record and treat any published estimates as uncertain approximations. He is not a household-name billionaire with annual Forbes rankings and quarterly earnings calls. That makes this kind of research inherently limited, and it is why treating any figure here as a rough estimate rather than a confirmed number is the right approach.

The bottom line

Schuster B. Tanger is a New York investment manager whose wealth is tied primarily to Red Alder LLC (a hedge fund he co-founded and co-managed), TQ Ventures (a co-led investment firm), trust-based holdings linked to Tanger Inc. shares, and a family background in the Tanger outlet mall business. The best publicly supportable estimate of his net worth as of June 2026 is $10 million to $50 million, with a working midpoint around $20 to $30 million and low-to-moderate overall confidence. Landon Schott net worth estimates are similarly difficult to confirm because many related holdings and disclosures are private or indirect Schuster Tanger's net worth. No authoritative dated figure from Forbes, a wealth tracker, or an SEC personal financial disclosure is available to anchor a more precise number. The most productive next step for verification is an SEC EDGAR search for 'Schuster Tanger' and 'ST Management Trust of 2013,' which will surface any recent filings showing his publicly held share positions. To get closer to the figure readers often ask for, review the most recent disclosures that can inform estimates of Vince Schott net worth. If you are specifically tracking Greg Schvey net worth, note that most available data in this article reflects working estimates rather than a confirmed personal valuation.