This name has never been common in the English-speaking world, though it has been well-used elsewhere in Europe. A famous bearer was the Italian Renaissance master Raffaello Sanzio (1483-1520), usually known simply as Raphael in English.
The popularity of the saint led to the name being used by nine Byzantine emperors, including Michael VIII Palaeologus who restored the empire in the 13th century. It has been common in Western Europe since the Middle Ages, and in England since the 12th century. It has been borne (in various spellings) by rulers of Russia (spelled Михаил), Romania (Mihai), Poland (Michał), and Portugal (Miguel).
In the United States, this name rapidly gained popularity beginning in the 1930s, eventually becoming the most popular male name from 1954 to 1998. However, it was not as overwhelmingly common in the United Kingdom, where it never reached the top spot.
Famous bearers of this name include the British chemist/physicist Michael Faraday (1791-1867), musician Michael Jackson (1958-2009), and basketball player Michael Jordan (1963-).
This name has been used occasionally in England since the 12th century. It was not common in the English-speaking world until the end of the 20th century.